PENN Entertainment, Inc. (NASDAQ:PENN) Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC increased its holdings in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 541,767 shares of the company's stock after purchasing an additional 22,277 shares during the period. Penn Capital Management Company LLC owned approximately 0.35% of PENN Entertainment worth $10,738,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PENN. 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 valued at $31,000 after buying an additional 1,052 shares in the last quarter. Modus Advisors LLC purchased a new stake in PENN Entertainment during the fourth quarter valued at approximately $63,000. Lee Danner & Bass Inc. purchased a new position in shares of PENN Entertainment in the 4th quarter worth approximately $92,000. KBC Group NV increased its position in shares of 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 during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in 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 buying an additional 5,852 shares during the period. Hedge funds and other institutional investors own 91.69% of the company's stock.

PENN Entertainment Stock Performance

NASDAQ PENN traded up $1.00 on Friday, hitting $16.15. 5,616,660 shares of the company's stock traded hands, compared to its average volume of 4,460,397. The firm's 50-day moving average price is $17.00 and its two-hundred day moving average price is $18.98. The firm has a market capitalization of $2.47 billion, a PE ratio of -4.55, a P/E/G ratio of 1.55 and a beta of 1.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment, Inc. has a 1-year low of $13.25 and a 1-year high of $23.08.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PENN shares. Mizuho increased their target price on shares of PENN Entertainment from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Truist Financial decreased their price objective on shares of PENN Entertainment from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday. StockNews.com raised PENN Entertainment from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Morgan Stanley decreased their price target on PENN Entertainment from $17.50 to $16.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Benchmark reaffirmed a "hold" rating on shares of PENN Entertainment in a research report on Monday, March 3rd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $23.09.

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.