Natixis Advisors LLC Sells 61,895 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Natixis Advisors LLC reduced its stake in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,760 shares of the company's stock after selling 61,895 shares during the period. Natixis Advisors LLC owned 0.16% of PENN Entertainment worth $4,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in PENN Entertainment by 4.2% in the third quarter. M&T Bank Corp now owns 12,460 shares of the company's stock worth $235,000 after buying an additional 497 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of PENN Entertainment by 3.2% during the 4th quarter. Westside Investment Management Inc. now owns 19,849 shares of the company's stock worth $393,000 after acquiring an additional 620 shares in the last quarter. XTX Topco Ltd raised its position in shares of PENN Entertainment by 2.8% during the third quarter. XTX Topco Ltd now owns 23,362 shares of the company's stock worth $441,000 after purchasing an additional 641 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of PENN Entertainment by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 14,774 shares of the company's stock valued at $293,000 after purchasing an additional 813 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in PENN Entertainment by 201.5% in the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock worth $31,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

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Analyst Ratings Changes

A number of analysts have commented on the stock. Stifel Nicolaus reduced their price objective on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. JMP Securities restated a "market perform" rating on shares of PENN Entertainment in a research report on Thursday, January 16th. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $19.00 to $27.00 in a research report on Friday, December 13th. Macquarie restated an "outperform" rating and issued a $26.00 target price on shares of PENN Entertainment in a report on Friday, February 28th. Finally, Benchmark reaffirmed a "hold" rating on shares of PENN Entertainment in a research report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PENN Entertainment presently has a consensus rating of "Hold" and a consensus price target of $23.56.

PENN Entertainment Stock Up 0.2 %

Shares of PENN traded up $0.03 on Wednesday, hitting $17.36. The company's stock had a trading volume of 3,142,436 shares, compared to its average volume of 4,460,181. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment, Inc. has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The firm's fifty day moving average price is $19.86 and its 200-day moving average price is $19.63. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -4.89, a P/E/G ratio of 1.55 and a beta of 2.19.

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.