81,757 Shares in PENN Entertainment, Inc. (NASDAQ:PENN) Acquired by One68 Global Capital LLC

One68 Global Capital LLC bought a new stake in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 81,757 shares of the company's stock, valued at approximately $1,620,000. PENN Entertainment comprises approximately 0.8% of One68 Global Capital LLC's portfolio, making the stock its 26th biggest holding. One68 Global Capital LLC owned about 0.05% of PENN Entertainment at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PENN. Proficio Capital Partners LLC acquired a new stake in PENN Entertainment during the fourth quarter worth $596,000. Harbor Capital Advisors Inc. lifted its stake in PENN Entertainment by 8.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company's stock valued at $11,851,000 after buying an additional 46,209 shares during the period. Raymond James Financial Inc. bought a new position in shares of PENN Entertainment during the fourth quarter worth $17,804,000. ING Groep NV acquired a new position in shares of PENN Entertainment in the 4th quarter valued at approximately $9,910,000. Finally, IFP Advisors Inc increased its holdings in PENN Entertainment by 201.5% during the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock worth $31,000 after purchasing an additional 1,052 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Macquarie restated an "outperform" rating and set a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, February 28th. Susquehanna decreased their target price on PENN Entertainment from $26.00 to $23.00 and set a "positive" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group raised their price objective on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a "hold" rating in a report on Friday, January 3rd. StockNews.com raised shares of PENN Entertainment from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Benchmark reiterated a "hold" rating on shares of PENN Entertainment in a report on Monday, March 3rd. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.77.

PENN Entertainment Stock Down 0.7 %

Shares of PENN opened at $15.71 on Wednesday. PENN Entertainment, Inc. has a 12-month low of $13.25 and a 12-month high of $23.08. The firm has a market capitalization of $2.40 billion, a P/E ratio of -4.43, a P/E/G ratio of 1.55 and a beta of 1.96. The firm has a fifty day moving average price of $16.77 and a 200-day moving average price of $18.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34.

About PENN Entertainment

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

Want to see what other hedge funds are holding PENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PENN Entertainment, Inc. (NASDAQ:PENN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.