34,215 Shares in PENN Entertainment, Inc. (NASDAQ:PENN) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in PENN Entertainment, Inc. (NASDAQ:PENN) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 34,215 shares of the company’s stock, valued at approximately $645,000.

Several other large investors also recently made changes to their positions in PENN. Vanguard Group Inc. lifted its stake in PENN Entertainment by 0.4% during the first quarter. Vanguard Group Inc. now owns 14,789,817 shares of the company’s stock valued at $269,323,000 after purchasing an additional 59,897 shares during the last quarter. DME Capital Management LP boosted its stake in shares of PENN Entertainment by 11.9% during the 2nd quarter. DME Capital Management LP now owns 5,095,340 shares of the company’s stock worth $98,620,000 after acquiring an additional 540,630 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of PENN Entertainment by 4.6% in the 2nd quarter. Earnest Partners LLC now owns 4,117,946 shares of the company’s stock worth $79,703,000 after acquiring an additional 179,813 shares during the last quarter. Armistice Capital LLC raised its position in shares of PENN Entertainment by 91.9% during the second quarter. Armistice Capital LLC now owns 2,643,060 shares of the company’s stock worth $51,156,000 after purchasing an additional 1,266,023 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of PENN Entertainment by 3.7% during the second quarter. Sei Investments Co. now owns 2,461,074 shares of the company’s stock valued at $47,634,000 after purchasing an additional 88,797 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insiders Place Their Bets

In related news, Director David A. Handler bought 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $17.51 per share, with a total value of $175,100.00. Following the completion of the transaction, the director now directly owns 293,450 shares of the company’s stock, valued at $5,138,309.50. This trade represents a 3.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jay A. Snowden purchased 54,200 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $18.44 per share, for a total transaction of $999,448.00. Following the transaction, the chief executive officer now owns 853,045 shares of the company’s stock, valued at approximately $15,730,149.80. This trade represents a 6.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 79,200 shares of company stock valued at $1,450,548 over the last three months. 2.19% of the stock is currently owned by insiders.

PENN Entertainment Trading Up 1.5 %

NASDAQ:PENN opened at $20.52 on Friday. The company has a market capitalization of $3.13 billion, a P/E ratio of -5.78 and a beta of 2.09. The stock’s 50 day moving average price is $19.47 and its 200 day moving average price is $18.62. 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, Inc. has a 52 week low of $13.50 and a 52 week high of $27.20.

PENN Entertainment (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.04. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $1.21 EPS. PENN Entertainment’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts forecast that PENN Entertainment, Inc. will post -1.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on PENN shares. Stifel Nicolaus boosted their price objective on PENN Entertainment from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Mizuho decreased their price objective on shares of PENN Entertainment from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. Macquarie boosted their target price on shares of PENN Entertainment from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Benchmark restated a “hold” rating on shares of PENN Entertainment in a report on Friday, November 8th. Finally, Craig Hallum reissued a “buy” rating and set a $30.00 price target on shares of PENN Entertainment in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.29.

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.