Bank of New York Mellon Corp lowered its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 945,043 shares of the company's stock after selling 86,569 shares during the quarter. Bank of New York Mellon Corp owned 0.62% of PENN Entertainment worth $18,731,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in PENN. Janus Henderson Group PLC raised its position in PENN Entertainment by 244.7% during the third quarter. Janus Henderson Group PLC now owns 249,106 shares of the company's stock valued at $4,697,000 after purchasing an additional 176,844 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of PENN Entertainment by 84.7% during the third quarter. Quantbot Technologies LP now owns 208,094 shares of the company's stock valued at $3,925,000 after buying an additional 95,423 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of PENN Entertainment by 367.2% during the third quarter. Verition Fund Management LLC now owns 452,988 shares of the company's stock valued at $8,543,000 after buying an additional 356,029 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of PENN Entertainment by 8.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company's stock valued at $11,851,000 after buying an additional 46,209 shares during the last quarter. Finally, Pathstone Holdings LLC grew its stake in shares of PENN Entertainment by 10.2% during the third quarter. Pathstone Holdings LLC now owns 394,244 shares of the company's stock valued at $7,435,000 after buying an additional 36,347 shares during the last quarter. 91.69% of the stock is owned by institutional investors.
PENN Entertainment Stock Performance
PENN Entertainment stock opened at $16.93 on Wednesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. PENN Entertainment, Inc. has a 1-year low of $13.50 and a 1-year high of $23.08. The firm has a market capitalization of $2.59 billion, a P/E ratio of -4.77, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19. The company's 50-day moving average is $20.31 and its 200 day moving average is $19.75.
Analyst Ratings Changes
Several research firms recently issued reports on PENN. Stifel Nicolaus raised their target price on PENN Entertainment from $20.00 to $21.00 and gave the stock a "hold" rating in a research note on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on PENN Entertainment from $20.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday, March 3rd. Jefferies Financial Group lifted their target price on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a "hold" rating in a report on Friday, January 3rd. StockNews.com upgraded shares of PENN Entertainment from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Benchmark restated a "hold" rating on shares of PENN Entertainment in a report on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, PENN Entertainment presently has an average rating of "Hold" and an average target price of $23.69.
Read Our Latest Research Report on PENN Entertainment
PENN Entertainment 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.
Further Reading
Want to see what other hedge funds are holding PENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PENN Entertainment, Inc. (NASDAQ:PENN - Free Report).
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