Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 53.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,377 shares of the company's stock after selling 202,103 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of PENN Entertainment worth $3,555,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in PENN Entertainment during the fourth quarter worth about $596,000. Janus Henderson Group PLC grew its stake in PENN Entertainment by 244.7% during the third quarter. Janus Henderson Group PLC now owns 249,106 shares of the company's stock worth $4,697,000 after buying an additional 176,844 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of PENN Entertainment by 84.7% in the third quarter. Quantbot Technologies LP now owns 208,094 shares of the company's stock worth $3,925,000 after acquiring an additional 95,423 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of PENN Entertainment by 367.2% in the third quarter. Verition Fund Management LLC now owns 452,988 shares of the company's stock worth $8,543,000 after acquiring an additional 356,029 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of PENN Entertainment by 8.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company's stock worth $11,851,000 after acquiring an additional 46,209 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on PENN shares. Macquarie reissued an "outperform" rating and issued a $26.00 target price on shares of PENN Entertainment in a report on Friday, February 28th. Mizuho increased their target price on shares of PENN Entertainment from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Stifel Nicolaus dropped their target price on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating for the company in a report on Tuesday. Wells Fargo & Company increased their target price on shares of PENN Entertainment from $20.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, March 3rd. Finally, Benchmark reissued 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 given a buy rating to the company. According to MarketBeat, PENN Entertainment presently has a consensus rating of "Hold" and an average target price of $23.56.
Read Our Latest Analysis on PENN
PENN Entertainment Trading Up 1.2 %
Shares of PENN stock traded up $0.21 during trading hours on Friday, hitting $17.37. 3,310,330 shares of the company were exchanged, compared to its average volume of 4,505,375. The firm has a market cap of $2.66 billion, a P/E ratio of -4.89, a P/E/G ratio of 1.55 and a beta of 2.19. PENN Entertainment, Inc. has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day simple moving average of $20.01 and a two-hundred day simple moving average of $19.64.
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.
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