Northern Trust Corp lifted its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 19.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,043,383 shares of the company's stock after buying an additional 169,518 shares during the quarter. Northern Trust Corp owned about 0.68% of PENN Entertainment worth $20,680,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of PENN. Proficio Capital Partners LLC acquired a new stake in shares of PENN Entertainment during the fourth quarter worth about $596,000. Raymond James Financial Inc. acquired a new position in PENN Entertainment during the fourth quarter worth approximately $17,804,000. ING Groep NV purchased a new stake in PENN Entertainment in the fourth quarter valued at approximately $9,910,000. IFP Advisors Inc boosted its holdings 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 valued at $31,000 after acquiring an additional 1,052 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of PENN Entertainment by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,337,162 shares of the company's stock worth $26,503,000 after acquiring an additional 55,138 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.
PENN Entertainment Trading Up 1.3%
NASDAQ:PENN traded up $0.20 on Friday, reaching $16.01. The stock had a trading volume of 3,012,331 shares, compared to its average volume of 4,229,140. The firm's fifty day moving average is $15.76 and its two-hundred day moving average is $18.68. 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 company has a market cap of $2.42 billion, a price-to-earnings ratio of -4.51, a P/E/G ratio of 1.55 and a beta of 1.81. PENN Entertainment, Inc. has a 12-month low of $13.25 and a 12-month high of $23.08.
PENN Entertainment (NASDAQ:PENN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.04. The business had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.71 billion. PENN Entertainment had a negative return on equity of 14.44% and a negative net margin of 8.51%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.76) earnings per share. Equities analysts expect that PENN Entertainment, Inc. will post -1.61 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of PENN Entertainment from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Mizuho dropped their price target on PENN Entertainment from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Monday. JMP Securities reaffirmed a "market perform" rating on shares of PENN Entertainment in a research report on Thursday, January 16th. Wells Fargo & Company boosted their target price on PENN Entertainment from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, March 3rd. Finally, Macquarie restated an "outperform" rating and set a $26.00 price target on shares of PENN Entertainment in a research note on Friday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.91.
Get Our Latest Report on PENN Entertainment
PENN Entertainment Company Profile
(
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.
Further Reading
Before you consider PENN Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PENN Entertainment wasn't on the list.
While PENN Entertainment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
