PENN Entertainment, Inc. $PENN Shares Acquired by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. has increased its stake in PENN Entertainment by 25.4%, acquiring an additional 25,404 shares to total 125,404 shares valued at about $2,047,000.
• Several institutional investors have also boosted their positions in PENN, with GAMMA Investing LLC and Byrne Asset Management LLC increasing their holdings by 38.7% and 201.1% respectively.
• After posting earnings of $0.10 per share for the latest quarter, PENN surpassed analysts' estimates, leading to a 1.2% increase in its stock price.

Eisler Capital Management Ltd. increased its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,404 shares of the company's stock after purchasing an additional 25,404 shares during the quarter. Eisler Capital Management Ltd. owned approximately 0.08% of PENN Entertainment worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PENN. Trek Financial LLC purchased a new stake in PENN Entertainment in the first quarter valued at approximately $246,000. Principal Financial Group Inc. increased its holdings in shares of PENN Entertainment by 2.4% in the first quarter. Principal Financial Group Inc. now owns 742,899 shares of the company's stock valued at $12,117,000 after purchasing an additional 17,752 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in PENN Entertainment during the first quarter worth $289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in PENN Entertainment by 33.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,587 shares of the company's stock worth $5,244,000 after acquiring an additional 65,596 shares during the period. Finally, LMR Partners LLP grew its holdings in PENN Entertainment by 608.9% during the fourth quarter. LMR Partners LLP now owns 41,026 shares of the company's stock worth $813,000 after acquiring an additional 35,239 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

Insider Buying and Selling

In other news, Director David A. Handler bought 20,000 shares of PENN Entertainment stock in a transaction on Friday, August 8th. The shares were bought at an average price of $16.96 per share, with a total value of $339,200.00. Following the acquisition, the director directly owned 342,941 shares in the company, valued at approximately $5,816,279.36. This represents a 6.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PENN has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on PENN Entertainment from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Friday, July 11th. Canaccord Genuity Group reduced their price objective on PENN Entertainment from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Morgan Stanley restated a "sell" rating on shares of PENN Entertainment in a research report on Friday, July 11th. Barclays reduced their price objective on PENN Entertainment from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, July 18th. Finally, Mizuho reduced their price objective on PENN Entertainment from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Monday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.25.

PENN Entertainment Trading Up 0.2%

NASDAQ:PENN traded up $0.05 on Monday, hitting $20.23. 2,344,953 shares of the stock were exchanged, compared to its average volume of 3,896,661. The stock has a market cap of $2.95 billion, a PE ratio of -36.12 and a beta of 1.41. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.39. The stock has a fifty day moving average of $18.28 and a 200-day moving average of $17.22. PENN Entertainment, Inc. has a fifty-two week low of $13.25 and a fifty-two week high of $23.08.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.14. PENN Entertainment had a negative return on equity of 4.36% and a negative net margin of 1.12%.The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the business posted ($0.18) EPS. PENN Entertainment's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that PENN Entertainment, Inc. will post -1.61 earnings per share for the current fiscal year.

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.