Alyeska Investment Group L.P. and Frontier Capital Management Co. LLC have taken significant positions in Caesars Entertainment, Inc. (CZR), indicating a high degree of investor confidence. CZR was selected by the OLG as the service provider for Windsor Casino, further enhancing its portfolio. Top investors, including David Tepper, see the stock as carrying great upside potential, reflecting a bullish sentiment.
Despite experiencing a sharp fall in Q1 of over 25%, CZR’s recent acquisitions by Ancora Advisors LLC, Brevan Howard Capital Management LP, and Northern Trust Corp suggest a potential bounceback. CZR is also preparing to unveil Caesars Republic in Lake Tahoe in Summer 2025 and expanding its online poker operations to numerous jurisdictions.
However, not all the news is rosy, with hedge fund 140 Summer Partners LP decreasing their holdings, while CZR’s Q1 earnings were below estimates, and its stock is down 20.1% since the last earnings report. Investors must decide whether this price drop represents a good entry point for the potentially promising long-term stock.
Caesars Entertainment CZR News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 10 May 2025 22:12:00 GMT - Rating -1 - Innovation 0 - Information 7 - Rumor -2
