Penn Capital Management Company LLC Has $10.74 Million Stock Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

Penn Capital Management Company LLC lifted its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,767 shares of the company's stock after acquiring an additional 22,277 shares during the quarter. Penn Capital Management Company LLC owned about 0.35% of PENN Entertainment worth $10,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in shares of PENN Entertainment by 201.5% in 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 period. Modus Advisors LLC purchased a new stake in PENN Entertainment during the 4th quarter worth $63,000. Lee Danner & Bass Inc. purchased a new position in PENN Entertainment in the 4th quarter valued at about $92,000. KBC Group NV grew its stake in shares of PENN Entertainment by 36.5% during the fourth quarter. KBC Group NV now owns 5,501 shares of the company's stock valued at $109,000 after acquiring an additional 1,470 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of 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 acquiring an additional 5,852 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

PENN Entertainment Stock Down 1.3 %

Shares of NASDAQ:PENN traded down $0.21 during trading on Tuesday, reaching $15.62. 790,507 shares of the company traded hands, compared to its average volume of 4,441,795. PENN Entertainment, Inc. has a 1-year low of $13.25 and a 1-year high of $23.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The firm has a market cap of $2.39 billion, a P/E ratio of -4.39, a price-to-earnings-growth ratio of 1.55 and a beta of 1.96. The firm has a fifty day simple moving average of $16.89 and a 200 day simple moving average of $18.97.

Analyst Upgrades and Downgrades

PENN has been the subject of a number of recent analyst reports. Benchmark restated a "hold" rating on shares of PENN Entertainment in a research note on Monday, March 3rd. Truist Financial dropped their price target on shares of PENN Entertainment from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Mizuho raised their price objective on shares of PENN Entertainment from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Jefferies Financial Group increased their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Finally, Needham & Company LLC lowered their price objective on PENN Entertainment from $26.00 to $25.00 and set a "buy" rating for the company in a report on Friday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.09.

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.