Should You Consider Buying Caesars Entertainment (CZR) Shares?

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 $18.4 billion market capitalization. CZR delivered a -7.53% return since the beginning of the year, while its 12-month returns are up by 7.79%. The stock closed at $86.49 per share on February 10, 2022.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about Caesars Entertainment, Inc. 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.”

Our calculations show that Caesars Entertainment, Inc. (NASDAQ: CZR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. CZR was in 64 hedge fund portfolios at the end of the third quarter of 2021, compared to 73 funds in the previous quarter. Caesars Entertainment, Inc. (NASDAQ: CZR) delivered a -18.41% return in the past 3 months.

In November 2021, we also shared another hedge fund’s views on CZR in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.