The company has seen no material change to its visitation or spending levels, and its earnings remain strong. This was due to investor concerns that a potential recession would result in a slowdown or decline in growth.
(NASDAQ:PENN) declined 28.3% in the quarter and penalized performance by 71 bps.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Penn Entertainment, Inc.
(NASDAQ:PENN), with 3.5 million shares worth more than $106.5 million. Among the hedge funds being tracked by Insider Monkey, Washington-based firm HG Vora Capital Management is a leading shareholder in Penn Entertainment, Inc.
