PENN Entertainment, Inc. (NASDAQ:PENN) Stock Position Decreased by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp cut its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,166 shares of the company’s stock after selling 14,834 shares during the period. Alaska Permanent Fund Corp’s holdings in PENN Entertainment were worth $1,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Bank of Canada FI raised its stake in shares of PENN Entertainment by 12.6% during the 3rd quarter. National Bank of Canada FI now owns 4,162 shares of the company’s stock worth $94,000 after purchasing an additional 466 shares in the last quarter. Oak Thistle LLC bought a new position in PENN Entertainment during the third quarter valued at approximately $581,000. Aaron Wealth Advisors LLC lifted its stake in PENN Entertainment by 6.6% in the third quarter. Aaron Wealth Advisors LLC now owns 12,957 shares of the company’s stock valued at $297,000 after acquiring an additional 802 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in PENN Entertainment in the third quarter worth approximately $9,489,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of PENN Entertainment by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 57,884 shares of the company’s stock worth $1,328,000 after purchasing an additional 4,270 shares during the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

PENN Entertainment Trading Up 0.3 %

Shares of PENN opened at $17.25 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60. PENN Entertainment, Inc. has a 52-week low of $15.88 and a 52-week high of $31.63. The business’s fifty day moving average is $17.61 and its 200-day moving average is $21.36.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing the consensus estimate of ($0.57) by ($1.18). PENN Entertainment had a negative net margin of 7.70% and a positive return on equity of 1.31%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. As a group, analysts forecast that PENN Entertainment, Inc. will post -0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PENN shares. Macquarie decreased their price target on PENN Entertainment from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a report on Tuesday. Barclays dropped their price target on shares of PENN Entertainment from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Morgan Stanley upped their price objective on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Benchmark began coverage on shares of PENN Entertainment in a report on Tuesday, April 16th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, PENN Entertainment has a consensus rating of “Moderate Buy” and an average target price of $29.80.

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.