Boothbay Fund Management LLC Sells 95,265 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Boothbay Fund Management LLC reduced its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,739 shares of the company's stock after selling 95,265 shares during the period. Boothbay Fund Management LLC owned 0.35% of PENN Entertainment worth $10,698,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PENN. Tidal Investments LLC boosted its holdings in PENN Entertainment by 35.2% in the 3rd quarter. Tidal Investments LLC now owns 14,888 shares of the company's stock worth $281,000 after buying an additional 3,879 shares during the period. Modus Advisors LLC bought a new position in shares of PENN Entertainment in the fourth quarter worth about $63,000. Harbor Capital Advisors Inc. raised its stake in PENN Entertainment by 8.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company's stock valued at $11,851,000 after purchasing an additional 46,209 shares during the period. Westside Investment Management Inc. lifted its holdings in PENN Entertainment by 3.2% in the 4th quarter. Westside Investment Management Inc. now owns 19,849 shares of the company's stock worth $393,000 after purchasing an additional 620 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in PENN Entertainment in the 4th quarter worth approximately $27,805,000. 91.69% of the stock is currently owned by institutional investors.

PENN Entertainment Trading Down 3.1 %

Shares of NASDAQ:PENN traded down $0.49 during trading on Wednesday, reaching $15.22. 2,512,494 shares of the company were exchanged, compared to its average volume of 2,817,659. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $2.33 billion, a PE ratio of -4.29, a P/E/G ratio of 1.55 and a beta of 1.96. The business's fifty day simple moving average is $16.77 and its 200-day simple moving average is $18.95. PENN Entertainment, Inc. has a 12-month low of $15.07 and a 12-month high of $15.91.

Analyst Ratings Changes

PENN has been the topic of several recent analyst reports. JMP Securities reissued a "market perform" rating on shares of PENN Entertainment in a report on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, March 3rd. Benchmark reissued a "hold" rating on shares of PENN Entertainment in a research note on Monday, March 3rd. StockNews.com raised PENN Entertainment from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group boosted their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.77.

PENN Entertainment Profile

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.