PENN Entertainment, Inc. (NASDAQ:PENN) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 597,942 shares of the company's stock after acquiring an additional 46,209 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.39% of PENN Entertainment worth $11,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its position in shares of PENN Entertainment by 2.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 49,872 shares of the company's stock worth $965,000 after buying an additional 1,289 shares in the last quarter. Arizona State Retirement System increased its position in PENN Entertainment by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 38,403 shares of the company's stock valued at $743,000 after purchasing an additional 944 shares during the period. United Services Automobile Association lifted its position in shares of PENN Entertainment by 6.3% in the 2nd quarter. United Services Automobile Association now owns 12,009 shares of the company's stock worth $232,000 after purchasing an additional 712 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of PENN Entertainment by 62.5% during the second quarter. Envestnet Asset Management Inc. now owns 434,571 shares of the company's stock valued at $8,411,000 after purchasing an additional 167,164 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of PENN Entertainment in the 2nd quarter worth $227,000. Institutional investors own 91.69% of the company's stock.

PENN Entertainment Stock Up 4.9 %

Shares of NASDAQ:PENN traded up $0.90 on Friday, hitting $19.19. 11,527,175 shares of the company's stock were exchanged, compared to its average volume of 5,227,820. The firm's 50-day moving average is $19.87 and its 200 day moving average is $19.31. PENN Entertainment, Inc. has a 1-year low of $13.50 and a 1-year high of $24.57. 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 $2.93 billion, a PE ratio of -5.41 and a beta of 2.08.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.04. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. PENN Entertainment had a negative return on equity of 14.44% and a negative net margin of 8.51%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. Sell-side analysts predict that PENN Entertainment, Inc. will post -1.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JMP Securities reiterated a "market perform" rating on shares of PENN Entertainment in a report on Friday, October 4th. StockNews.com cut PENN Entertainment from a "hold" rating to a "sell" rating in a research report on Tuesday. Morgan Stanley dropped their target price on shares of PENN Entertainment from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of PENN Entertainment from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Finally, Mizuho cut their price objective on shares of PENN Entertainment from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PENN Entertainment has an average rating of "Hold" and a consensus price target of $23.44.

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.