Charles Schwab Investment Management Inc. Has $26.50 Million Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

Charles Schwab Investment Management Inc. raised its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,337,162 shares of the company's stock after buying an additional 55,138 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.88% of PENN Entertainment worth $26,503,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. IFP Advisors Inc raised its stake in shares of PENN Entertainment by 201.5% in the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock valued at $31,000 after buying an additional 1,052 shares in the last quarter. Quest Partners LLC bought a new position in PENN Entertainment during the third quarter worth about $56,000. Modus Advisors LLC acquired a new stake in PENN Entertainment during the fourth quarter valued at approximately $63,000. KBC Group NV grew its stake in shares of PENN Entertainment by 36.5% in the 4th quarter. KBC Group NV now owns 5,501 shares of the company's stock valued at $109,000 after purchasing an additional 1,470 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of PENN Entertainment in the 3rd quarter worth approximately $124,000. 91.69% of the stock is owned by institutional investors.

PENN Entertainment Price Performance

Shares of PENN stock traded up $0.22 on Friday, reaching $17.38. The company had a trading volume of 2,063,365 shares, compared to its average volume of 4,505,063. The business's 50-day moving average is $20.01 and its 200 day moving average is $19.64. PENN Entertainment, Inc. has a one year low of $13.50 and a one year high of $23.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $2.66 billion, a PE ratio of -4.89, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19.

Remove Ads

Analysts Set New Price Targets

Several brokerages recently commented on PENN. StockNews.com raised PENN Entertainment from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Benchmark restated a "hold" rating on shares of PENN Entertainment in a research note on Monday, March 3rd. JMP Securities reiterated a "market perform" rating on shares of PENN Entertainment in a research report on Thursday, January 16th. Macquarie restated an "outperform" rating and issued a $26.00 price target on shares of PENN Entertainment in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their price objective on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, PENN Entertainment has a consensus rating of "Hold" and a consensus target price of $23.56.

About PENN Entertainment

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.