Teza Capital Management LLC Sells 30,408 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Teza Capital Management LLC decreased its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 51.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,318 shares of the company's stock after selling 30,408 shares during the period. Teza Capital Management LLC's holdings in PENN Entertainment were worth $561,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in PENN Entertainment by 201.5% during the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock worth $31,000 after buying an additional 1,052 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in PENN Entertainment during the fourth quarter worth $92,000. KBC Group NV raised its holdings in PENN Entertainment by 36.5% during the fourth quarter. KBC Group NV now owns 5,501 shares of the company's stock worth $109,000 after buying an additional 1,470 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in PENN Entertainment by 914.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company's stock worth $119,000 after buying an additional 5,852 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in PENN Entertainment by 51.8% during the fourth quarter. Sterling Capital Management LLC now owns 9,030 shares of the company's stock worth $179,000 after buying an additional 3,080 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

PENN Entertainment Stock Performance

NASDAQ:PENN traded up $0.46 on Thursday, reaching $14.66. 4,607,638 shares of the company's stock were exchanged, compared to its average volume of 4,221,005. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -4.13, a P/E/G ratio of 1.55 and a beta of 1.81. PENN Entertainment, Inc. has a 52 week low of $13.25 and a 52 week high of $23.08. The stock has a fifty day simple moving average of $15.65 and a 200-day simple moving average of $18.54.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.25) earnings per share for the quarter, topping analysts' consensus estimates of ($0.29) by $0.04. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.76) earnings per share. As a group, sell-side analysts predict that PENN Entertainment, Inc. will post -1.61 earnings per share for the current year.

Insiders Place Their Bets

In other PENN Entertainment news, CEO Jay A. Snowden bought 34,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $14.70 per share, for a total transaction of $499,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,082,625 shares of the company's stock, valued at $15,914,587.50. This trade represents a 3.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.19% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on PENN shares. Wall Street Zen upgraded shares of PENN Entertainment from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Stifel Nicolaus lowered their target price on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. Mizuho lowered their target price on shares of PENN Entertainment from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Monday, May 12th. Macquarie reiterated an "outperform" rating and issued a $26.00 target price on shares of PENN Entertainment in a report on Friday, February 28th. Finally, Benchmark reiterated a "hold" rating on shares of PENN Entertainment in a report on Monday. Eleven research 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 presently has an average rating of "Hold" and a consensus price target of $23.10.

PENN Entertainment Company 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.