5 Large-Cap Stocks Hedge Funds Are Talking About

4. Caesars Entertainment Inc. (NASDAQ:CZR)

Market Capitalization Since Feb. 25, 2022: $18.1 B

Number of Hedge Fund Holders: 72

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Eagle Mid Cap Growth Fund, in its Q4 2021 investor letter, mentioned Caesars Entertainment, Inc. (NASDAQ: CZR) and discussed its stance on the firm. Caesars Entertainment, Inc. is a Reno, Nevada-based hotel and casino entertainment company with an $18.1 billion market capitalization. CZR shares have lost 15.69% since the beginning of the year, are by nearly 16% over the past year.

Here is what Carillon Eagle Mid Cap Growth Fund had to say about Caesars Entertainment, Inc. (NASDAQ: CZR) in its Q4 2021 investor letter:

“Caesars Entertainment, a diversified casino-entertainment and resort company, underperformed in the period as its quarterly earnings update was viewed as disappointing by investors. The firm highlighted a number of one-time headwinds that ultimately weighed on margins, as well as some negative impacts brought on by the surge in COVID cases. Despite this, we believe that the sizeable overall margin improvements Caesars has realized coming out of the pandemic will ultimately prove sustainable in the long run.”