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Capital World Investors Buys 3,716,148 Shares of Caesars Entertainment, Inc. $CZR
Capital World Investors significantly increased its stake in Caesars Entertainment (NASDAQ:CZR) by 29.8% in the third quarter, acquiring an additional 3,716,148 shares and bringing its total holdings to 16,193,070 shares valued at $437.62 million. Other institutional investors like Norges Bank and Nomura Holdings Inc. also boosted their positions. Caesars Entertainment’s stock opened at $26.01, with a market capitalization of $5.29 billion, and analysts have a “Moderate Buy” consensus rating with an average target price of $33.24.