v0.11 🌳  

Vision One Management Partners LP Acquires $28.75 Million Stake in Caesars Entertainment, Inc.

2024-06-11 03:55:49.506000

Vision One Management Partners LP has acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR) worth $28.75 million. The institutional investor purchased 613,358 shares of the company's stock, making it their second largest holding. Other hedge funds have also recently bought and sold shares of CZR. Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of Caesars Entertainment stock, while Director Michael E. Pegram acquired 40,000 shares. Caesars Entertainment's stock is currently trading at $36.38. The company reported a net margin of 6.68% and a return on equity of 1.27% in its latest earnings report. Analysts predict that Caesars Entertainment, Inc. will post an EPS of 0.23 for the current year. Several analysts have commented on the stock, with five rating it as a hold, nine rating it as a buy, and one rating it as a strong buy. Caesars Entertainment operates as a gaming and hospitality company, owning and managing properties in 18 states and conducting retail and online sports wagering across 31 jurisdictions in North America. [8cffc44a]

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.