Jump Financial LLC Buys 65,711 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Jump Financial LLC boosted its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 181.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,000 shares of the company's stock after buying an additional 65,711 shares during the quarter. Jump Financial LLC owned 0.07% of PENN Entertainment worth $2,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in PENN Entertainment during the fourth quarter worth $32,000. Huntington National Bank boosted its position in shares of PENN Entertainment by 324.8% in the 3rd quarter. Huntington National Bank now owns 1,402 shares of the company's stock worth $32,000 after buying an additional 1,072 shares in the last quarter. Lindbrook Capital LLC grew its stake in PENN Entertainment by 57.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,521 shares of the company's stock valued at $40,000 after acquiring an additional 553 shares during the last quarter. Signaturefd LLC grew its position in shares of PENN Entertainment by 60.8% in the third quarter. Signaturefd LLC now owns 1,922 shares of the company's stock valued at $44,000 after purchasing an additional 727 shares during the last quarter. Finally, Tyler Stone Wealth Management increased its stake in shares of PENN Entertainment by 34.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company's stock worth $45,000 after purchasing an additional 500 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PENN shares. Benchmark reaffirmed a "hold" rating on shares of PENN Entertainment in a research note on Friday, May 3rd. Canaccord Genuity Group decreased their price target on shares of PENN Entertainment from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Monday, April 29th. JMP Securities reissued a "market perform" rating on shares of PENN Entertainment in a research report on Tuesday, April 23rd. Craig Hallum lowered their target price on shares of PENN Entertainment from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Friday, May 3rd. Finally, Mizuho increased their price target on PENN Entertainment from $29.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.96.

PENN Entertainment Trading Down 1.4 %

Shares of NASDAQ PENN traded down $0.22 during midday trading on Monday, hitting $15.86. The stock had a trading volume of 4,549,385 shares, compared to its average volume of 5,910,157. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. PENN Entertainment, Inc. has a 1-year low of $13.50 and a 1-year high of $29.38. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -2.16 and a beta of 2.06. The company has a fifty day moving average price of $17.24 and a 200 day moving average price of $21.01.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported ($1.75) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($1.18). PENN Entertainment had a negative net margin of 17.77% and a negative return on equity of 3.53%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, analysts predict that PENN Entertainment, Inc. will post -1.34 earnings per share for the current year.

Insider Activity at PENN Entertainment

In related news, CFO Felicia Hendrix purchased 16,157 shares of the firm's stock in a transaction on Monday, May 6th. The stock was purchased at an average price of $15.47 per share, for a total transaction of $249,948.79. Following the acquisition, the chief financial officer now directly owns 68,596 shares in the company, valued at $1,061,180.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PENN Entertainment news, CFO Felicia Hendrix bought 16,157 shares of the company's stock in a transaction dated Monday, May 6th. The shares were acquired at an average cost of $15.47 per share, with a total value of $249,948.79. Following the completion of the transaction, the chief financial officer now owns 68,596 shares in the company, valued at $1,061,180.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Handler purchased 20,000 shares of PENN Entertainment stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average cost of $15.37 per share, with a total value of $307,400.00. Following the acquisition, the director now directly owns 243,450 shares of the company's stock, valued at approximately $3,741,826.50. The disclosure for this purchase can be found here. Company insiders own 2.19% of the company's stock.

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.