Diametric Capital LP Has $1.09 Million Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

Diametric Capital LP lowered its stake in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 72.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,991 shares of the company's stock after selling 142,001 shares during the quarter. PENN Entertainment comprises about 0.7% of Diametric Capital LP's portfolio, making the stock its 29th biggest holding. Diametric Capital LP's holdings in PENN Entertainment were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of PENN Entertainment by 201.5% during the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock worth $31,000 after buying an additional 1,052 shares in the last quarter. Modus Advisors LLC bought a new stake in PENN Entertainment during the fourth quarter worth approximately $63,000. Lee Danner & Bass Inc. acquired a new stake in PENN Entertainment in the fourth quarter worth approximately $92,000. KBC Group NV boosted its stake in PENN Entertainment by 36.5% during 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 in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of PENN Entertainment by 914.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company's stock valued at $119,000 after purchasing an additional 5,852 shares during the period. Institutional investors own 91.69% of the company's stock.

Analysts Set New Price Targets

PENN has been the subject of several research reports. Jefferies Financial Group raised their target price on PENN Entertainment from $21.00 to $22.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. Stifel Nicolaus lowered 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, March 18th. Macquarie reissued an "outperform" rating and set a $26.00 target price on shares of PENN Entertainment in a research note on Friday, February 28th. StockNews.com upgraded shares of PENN Entertainment from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Mizuho increased their price objective on PENN Entertainment from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, PENN Entertainment presently has an average rating of "Hold" and a consensus target price of $23.56.

PENN Entertainment Stock Down 7.5 %

Shares of NASDAQ PENN traded down $1.16 during mid-day trading on Friday, reaching $14.29. The company had a trading volume of 8,227,735 shares, compared to its average volume of 4,534,961. 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 market capitalization of $2.19 billion, a price-to-earnings ratio of -4.03, a PEG ratio of 1.55 and a beta of 2.19. The stock has a fifty day moving average of $19.25 and a two-hundred day moving average of $19.49. PENN Entertainment, Inc. has a 12-month low of $13.25 and a 12-month high of $23.08.

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.