Sender Co & Partners Inc. lifted its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 99.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,011 shares of the company's stock after purchasing an additional 16,967 shares during the quarter. Sender Co & Partners Inc.'s holdings in PENN Entertainment were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in PENN. IFP Advisors Inc boosted its position in PENN Entertainment by 201.5% during the 4th 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. Lee Danner & Bass Inc. acquired a new stake in PENN Entertainment during the 4th quarter worth approximately $92,000. KBC Group NV lifted its position in shares of PENN Entertainment by 36.5% in the 4th quarter. KBC Group NV now owns 5,501 shares of the company's stock worth $109,000 after purchasing an additional 1,470 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of PENN Entertainment by 914.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company's stock worth $119,000 after purchasing an additional 5,852 shares during the period. Finally, Sterling Capital Management LLC lifted its position in shares of PENN Entertainment by 51.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,030 shares of the company's stock worth $179,000 after purchasing an additional 3,080 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.
PENN Entertainment Trading Down 1.6%
Shares of PENN Entertainment stock traded down $0.25 during trading hours on Tuesday, hitting $15.20. The company's stock had a trading volume of 2,174,308 shares, compared to its average volume of 4,214,241. PENN Entertainment, Inc. has a twelve month low of $13.25 and a twelve month high of $23.08. The firm has a fifty day moving average of $15.72 and a 200-day moving average of $18.60. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -4.28, a P/E/G ratio of 1.55 and a beta of 1.81. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.
PENN Entertainment (NASDAQ:PENN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.04. PENN Entertainment had a negative return on equity of 14.44% and a negative net margin of 8.51%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted ($0.76) EPS. The company's quarterly revenue was up 4.1% on a year-over-year basis. Research analysts forecast that PENN Entertainment, Inc. will post -1.61 EPS for the current year.
Analyst Upgrades and Downgrades
PENN has been the subject of a number of recent research reports. Benchmark restated a "hold" rating on shares of PENN Entertainment in a research note on Monday. StockNews.com upgraded shares of PENN Entertainment from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Susquehanna decreased their price target on shares of PENN Entertainment from $26.00 to $23.00 and set a "positive" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their price target on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley decreased their price target on shares of PENN Entertainment from $17.50 to $16.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PENN Entertainment presently has a consensus rating of "Hold" and a consensus target price of $22.91.
Check Out Our Latest Analysis on PENN
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.
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