Caesars Stock Falls 30% in a Year; Fund Invests $29 Million

On November 13, Quaker Capital Investments revealed it purchased an additional 279,390 shares of Caesars Entertainment (NASDAQ:CZR), increasing its total stake to 1.08 million shares valued at approximately $29.28 million. This acquisition raised the position’s value by $6.46 million and now represents 7.88% of the fund’s reported U.S. equity assets as of September 30. The increased investment in Caesars is outside the fund’s top five holdings.

Want More Context? 🔎