Algert Global LLC purchased a new stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 42,866 shares of the company's stock, valued at approximately $850,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Anson Funds Management LP purchased a new stake in PENN Entertainment during the 4th quarter valued at $198,000. Aristeia Capital L.L.C. increased its stake in shares of PENN Entertainment by 7.5% in the 4th quarter. Aristeia Capital L.L.C. now owns 29,001 shares of the company's stock worth $575,000 after purchasing an additional 2,016 shares in the last quarter. One68 Global Capital LLC bought a new position in shares of PENN Entertainment in the fourth quarter worth about $1,620,000. Soros Fund Management LLC purchased a new position in PENN Entertainment during the fourth quarter valued at approximately $8,194,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in PENN Entertainment by 11.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 141,777 shares of the company's stock worth $2,810,000 after buying an additional 14,549 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.
Analyst Upgrades and Downgrades
PENN has been the topic of several recent research reports. StockNews.com upgraded shares of PENN Entertainment from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Mizuho decreased their price objective on PENN Entertainment from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Monday. JMP Securities restated a "market perform" rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Needham & Company LLC cut their price objective on PENN Entertainment from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Susquehanna reduced their target price on shares of PENN Entertainment from $26.00 to $23.00 and set a "positive" rating for the company in a report on Tuesday, April 15th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $22.91.
Read Our Latest Report on PENN Entertainment
PENN Entertainment Stock Performance
PENN traded up $0.02 on Wednesday, hitting $16.18. 3,577,592 shares of the company traded hands, compared to its average volume of 4,250,448. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The company has a 50 day moving average of $15.82 and a 200-day moving average of $18.73. PENN Entertainment, Inc. has a 12-month low of $13.25 and a 12-month high of $23.08. The stock has a market capitalization of $2.44 billion, a PE ratio of -4.56, a PEG ratio of 1.55 and a beta of 1.81.
PENN Entertainment (NASDAQ:PENN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.04. The company had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.71 billion. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.76) EPS. Sell-side analysts anticipate that PENN Entertainment, Inc. will post -1.61 earnings per share for the current year.
PENN Entertainment Company Profile
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Free Report)
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.
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