WINTON GROUP Ltd acquired a new position in PENN Entertainment, Inc. (NASDAQ:PENN – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 260,988 shares of the company’s stock, valued at approximately $3,850,000.
Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew its holdings in PENN Entertainment by 76.2% during the fourth quarter. IFP Advisors Inc now owns 2,766 shares of the company’s stock valued at $41,000 after purchasing an additional 1,196 shares during the period. Triumph Capital Management bought a new position in shares of PENN Entertainment in the third quarter worth about $54,000. Jones Financial Companies Lllp boosted its stake in shares of PENN Entertainment by 33.7% in the third quarter. Jones Financial Companies Lllp now owns 3,273 shares of the company’s stock worth $65,000 after acquiring an additional 825 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of PENN Entertainment by 385.1% in the fourth quarter. Hantz Financial Services Inc. now owns 3,721 shares of the company’s stock worth $55,000 after acquiring an additional 2,954 shares during the period. Finally, Rothschild Investment LLC boosted its stake in shares of PENN Entertainment by 27,145.0% in the fourth quarter. Rothschild Investment LLC now owns 5,449 shares of the company’s stock worth $80,000 after acquiring an additional 5,429 shares during the period. Institutional investors own 91.69% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Susquehanna decreased their target price on PENN Entertainment from $20.00 to $17.00 and set a “positive” rating on the stock in a research report on Wednesday, February 11th. Stifel Nicolaus upped their target price on PENN Entertainment from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Barclays increased their price objective on PENN Entertainment from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Citigroup increased their target price on PENN Entertainment from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Finally, Mizuho increased their target price on PENN Entertainment from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.29.
PENN Entertainment Trading Down 2.0%
PENN stock opened at $19.23 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.94. PENN Entertainment, Inc. has a 12-month low of $11.65 and a 12-month high of $20.60. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -2.86, a PEG ratio of 0.63 and a beta of 1.44. The business’s 50-day moving average is $16.55 and its 200 day moving average is $14.91.
PENN Entertainment (NASDAQ:PENN – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. PENN Entertainment had a negative net margin of 13.55% and a positive return on equity of 0.44%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted $0.68 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that PENN Entertainment, Inc. will post 1 EPS for the current fiscal year.
PENN Entertainment Company Profile
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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