Seven Six Capital Management LLC Invests $2.37 Million in PENN Entertainment, Inc. $PENN

Seven Six Capital Management LLC bought a new position in PENN Entertainment, Inc. (NASDAQ:PENNFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 160,600 shares of the company’s stock, valued at approximately $2,369,000. PENN Entertainment accounts for 2.4% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Seven Six Capital Management LLC owned about 0.12% of PENN Entertainment at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PENN. Caxton Associates LLP purchased a new position in shares of PENN Entertainment in the 1st quarter worth approximately $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PENN Entertainment by 30.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 344,565 shares of the company’s stock valued at $5,620,000 after acquiring an additional 79,978 shares during the period. Russell Investments Group Ltd. boosted its holdings in PENN Entertainment by 6.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 64,280 shares of the company’s stock valued at $1,150,000 after acquiring an additional 4,011 shares during the period. First Trust Advisors LP boosted its holdings in PENN Entertainment by 169.6% during the 2nd quarter. First Trust Advisors LP now owns 94,575 shares of the company’s stock valued at $1,690,000 after acquiring an additional 59,489 shares during the period. Finally, Marshall Wace LLP boosted its holdings in PENN Entertainment by 80.2% during the 2nd quarter. Marshall Wace LLP now owns 386,871 shares of the company’s stock valued at $6,913,000 after acquiring an additional 172,158 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

PENN Entertainment Trading Up 0.1%

Shares of NASDAQ PENN opened at $21.86 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.94. The business has a fifty day simple moving average of $17.47 and a two-hundred day simple moving average of $15.27. The firm has a market cap of $2.93 billion, a PE ratio of -3.25, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44. PENN Entertainment, Inc. has a twelve month low of $11.65 and a twelve month high of $22.36.

PENN Entertainment (NASDAQ:PENNGet Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. PENN Entertainment had a positive return on equity of 0.44% and a negative net margin of 13.55%.PENN Entertainment’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Analysts expect that PENN Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PENN. Mizuho boosted their price objective on PENN Entertainment from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Wells Fargo & Company boosted their price objective on PENN Entertainment from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Stifel Nicolaus boosted their price objective on PENN Entertainment from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on PENN Entertainment from $17.00 to $18.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of PENN Entertainment in a report on Friday, March 27th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PENN Entertainment has an average rating of “Hold” and an average price target of $20.43.

View Our Latest Report on PENN Entertainment

PENN Entertainment Profile

(Free Report)

PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.

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Institutional Ownership by Quarter for PENN Entertainment (NASDAQ:PENN)

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