Amundi Has $760,000 Stake in PENN Entertainment, Inc. $PENN

Key Points

• Amundi cut its PENN Entertainment stake by 93.5% in the first quarter, selling 731,502 shares and retaining 50,567 shares valued at approximately $760,000. Institutional investors and hedge funds collectively own 91.69% of PENN’s stock.
• PENN reported quarterly earnings of $0.44 per share, beating the $0.37 consensus estimate, while revenue rose 5.2% year over year to $1.86 billion, in line with forecasts.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $23.35, compared with the stock’s reported price of $20.18.

Amundi trimmed its stake in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 93.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,567 shares of the company's stock after selling 731,502 shares during the quarter. Amundi's holdings in PENN Entertainment were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in PENN. Whitebox Advisors LLC acquired a new stake in PENN Entertainment during the first quarter valued at $737,000. CWM LLC increased its position in PENN Entertainment by 1,055.9% in the 4th quarter. CWM LLC now owns 92,056 shares of the company's stock worth $1,358,000 after purchasing an additional 84,092 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in PENN Entertainment in the 4th quarter worth about $6,376,000. Hsbc Holdings PLC raised its stake in shares of PENN Entertainment by 817.8% during the 1st quarter. Hsbc Holdings PLC now owns 68,439 shares of the company's stock worth $1,031,000 after purchasing an additional 60,982 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of PENN Entertainment by 9.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,323,554 shares of the company's stock worth $34,923,000 after purchasing an additional 196,480 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

PENN Entertainment Stock Performance

Shares of PENN stock opened at $20.18 on Monday. The firm has a market capitalization of $2.70 billion, a P/E ratio of -3.17, a price-to-earnings-growth ratio of 0.38 and a beta of 1.43. PENN Entertainment, Inc. has a 1 year low of $11.65 and a 1 year high of $22.36. The firm's fifty day simple moving average is $20.78 and its 200 day simple moving average is $16.99. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.79.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.86 billion. PENN Entertainment had a negative net margin of 12.66% and a positive return on equity of 2.93%. The business's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) EPS. As a group, sell-side analysts predict that PENN Entertainment, Inc. will post 1.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PENN shares. Stifel Nicolaus boosted their price target on PENN Entertainment from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, June 12th. Truist Financial raised their price objective on shares of PENN Entertainment from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, June 26th. Benchmark lifted their target price on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Friday. Mizuho set a $28.00 target price on shares of PENN Entertainment in a research report on Friday. Finally, Zacks Research upgraded shares of PENN Entertainment from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.35.

Key PENN Entertainment News

Here are the key news stories impacting PENN Entertainment this week:

• Positive Sentiment: Benchmark raises rating and price target: Benchmark Co. lifted its price target from $21 to $22 and upgraded PENN to “Buy,” implying further upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: Quarterly earnings beat expectations: PENN reported second-quarter adjusted earnings of $0.44 per share, ahead of estimates ranging from $0.35 to $0.37 and well above the prior-year result. Revenue of $1.86 billion was in line with expectations but increased 5.2% year over year. PENN tops Q2 earnings and revenue estimates
• Positive Sentiment: Improved outlook: Management is targeting more than 20% growth in 2026 adjusted EBITDAR and raised its retail revenue guidance to $5.87 billion, signaling confidence in casino demand and operating performance. PENN raises 2026 guidance
• Positive Sentiment: Broad-based casino demand: Reports characterized the quarter as showing improved profits and resilient demand across PENN’s casino operations. The company was also included in Zacks’ Rank #1 “Strong Buy” growth-stock list. Improved profits amid casino demand
• Neutral Sentiment: Revenue was merely in line: Although earnings exceeded forecasts, quarterly sales matched consensus estimates, limiting the size of the positive surprise. PENN sales in line with estimates
• Negative Sentiment: Prediction-market competition is a risk: PENN expects an “arms race” in prediction markets this fall while maintaining its current strategy, potentially increasing marketing costs and competitive pressure. PENN prediction-market competition

PENN Entertainment Profile

PENN Entertainment, Inc NASDAQ: PENN is a leading operator of gaming and racing facilities in the United States. The company's business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company's portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.

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