Eisler Capital Management Ltd. Purchases Shares of 100,000 PENN Entertainment, Inc. (NASDAQ:PENN)

Eisler Capital Management Ltd. acquired a new stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $1,924,000. Eisler Capital Management Ltd. owned about 0.07% of PENN Entertainment at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PENN. Tidal Investments LLC lifted its holdings in shares of 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 purchasing an additional 3,879 shares during the last quarter. 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 acquiring an additional 46,209 shares in the last quarter. Westside Investment Management Inc. raised its stake in PENN Entertainment by 3.2% during the 4th quarter. Westside Investment Management Inc. now owns 19,849 shares of the company's stock valued at $393,000 after acquiring an additional 620 shares in the last quarter. SG Americas Securities LLC bought a new stake in PENN Entertainment during the 4th quarter valued at $27,805,000. Finally, Hedges Asset Management LLC raised its position in shares of PENN Entertainment by 2.2% during the 4th quarter. Hedges Asset Management LLC now owns 204,650 shares of the company's stock worth $4,056,000 after buying an additional 4,400 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

PENN Entertainment Trading Up 2.0%

NASDAQ:PENN traded up $0.30 during trading hours on Friday, hitting $15.59. 3,412,019 shares of the stock were exchanged, compared to its average volume of 4,271,724. The company's 50 day moving average is $15.97 and its two-hundred day moving average is $18.77. PENN Entertainment, Inc. has a twelve month low of $13.25 and a twelve month high of $23.08. 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 market capitalization of $2.35 billion, a P/E ratio of -4.39, a price-to-earnings-growth 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) 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 in the prior year, the company posted ($0.76) EPS. The company's revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that PENN Entertainment, Inc. will post -1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on PENN shares. Stifel Nicolaus dropped their price target on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. JMP Securities reissued a "market perform" rating on shares of PENN Entertainment in a research note on Thursday, January 16th. StockNews.com upgraded PENN Entertainment from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Susquehanna decreased their price target 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. Finally, Truist Financial reduced their price target on shares of PENN Entertainment from $23.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.97.

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.