Driehaus Capital Management LLC grew its holdings in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 292,617 shares of the company's stock after purchasing an additional 58,328 shares during the quarter. Driehaus Capital Management LLC owned about 0.19% of PENN Entertainment worth $5,800,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Tidal Investments LLC lifted its position in PENN Entertainment by 35.2% during 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 in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of PENN Entertainment by 8.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company's stock worth $11,851,000 after acquiring an additional 46,209 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of PENN Entertainment by 3.2% during the fourth 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. SG Americas Securities LLC bought a new stake in shares of PENN Entertainment during the fourth quarter valued at approximately $27,805,000. Finally, Hedges Asset Management LLC increased its holdings in shares of PENN Entertainment by 2.2% in the fourth quarter. Hedges Asset Management LLC now owns 204,650 shares of the company's stock valued at $4,056,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors own 91.69% of the company's stock.
PENN Entertainment Stock Up 1.2%
PENN stock traded up $0.19 during trading hours on Tuesday, reaching $16.16. 3,744,047 shares of the stock were exchanged, compared to its average volume of 4,266,747. The firm's 50-day moving average is $15.88 and its 200-day moving average is $18.74. PENN Entertainment, Inc. has a 12 month low of $13.25 and a 12 month high of $23.08. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -4.55, a PEG ratio of 1.55 and a beta of 1.81. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94.
PENN Entertainment (NASDAQ:PENN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.04. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned ($0.76) earnings per share. The firm's revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that PENN Entertainment, Inc. will post -1.61 earnings per share for the current year.
Analyst Ratings Changes
PENN has been the topic of several research reports. Benchmark reaffirmed a "hold" rating on shares of PENN Entertainment in a report on Monday, March 3rd. JMP Securities reaffirmed a "market perform" rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Susquehanna lowered their price objective on PENN Entertainment from $26.00 to $23.00 and set a "positive" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC dropped their price objective on PENN Entertainment from $26.00 to $25.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Wells Fargo & Company raised their target price on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, March 3rd. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $22.91.
Check Out Our Latest Report on PENN Entertainment
About PENN Entertainment
(
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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