BNP Paribas Financial Markets boosted its position in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 233.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,645 shares of the company's stock after buying an additional 38,238 shares during the period. BNP Paribas Financial Markets' holdings in PENN Entertainment were worth $1,083,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of PENN. IFP Advisors Inc increased its stake in PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock valued at $31,000 after purchasing an additional 1,052 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in PENN Entertainment in the fourth quarter valued at $92,000. KBC Group NV increased its stake in PENN Entertainment by 36.5% in the fourth quarter. KBC Group NV now owns 5,501 shares of the company's stock valued at $109,000 after purchasing an additional 1,470 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in PENN Entertainment by 914.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company's stock valued at $119,000 after purchasing an additional 5,852 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in PENN Entertainment by 51.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,030 shares of the company's stock valued at $179,000 after purchasing an additional 3,080 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.
PENN Entertainment Price Performance
Shares of NASDAQ PENN opened at $15.20 on Wednesday. The firm has a market cap of $2.30 billion, a PE ratio of -4.28, a PEG ratio of 1.55 and a beta of 1.81. The firm has a fifty day moving average of $15.70 and a 200 day moving average of $18.57. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. PENN Entertainment, Inc. has a one year low of $13.25 and a one year high of $23.08.
PENN Entertainment (NASDAQ:PENN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the company posted ($0.76) EPS. The company's revenue was up 4.1% compared to the same quarter last year. As a group, research analysts predict that PENN Entertainment, Inc. will post -1.61 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Needham & Company LLC decreased their target price on shares of PENN Entertainment from $26.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of PENN Entertainment from $20.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, March 3rd. Stifel Nicolaus cut their price target on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. Susquehanna cut their price target on shares of PENN Entertainment from $26.00 to $23.00 and set a "positive" rating on the stock in a report on Tuesday, April 15th. Finally, Truist Financial cut their price target on shares of PENN Entertainment from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.91.
View 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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