Quinn Opportunity Partners LLC Sells 25,500 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Quinn Opportunity Partners LLC lessened its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,434 shares of the company's stock after selling 25,500 shares during the quarter. Quinn Opportunity Partners LLC owned approximately 0.06% of PENN Entertainment worth $1,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PENN. IFP Advisors Inc increased its position in shares of PENN Entertainment by 201.5% during the fourth 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 during the period. Modus Advisors LLC bought a new position in PENN Entertainment in the fourth quarter worth $63,000. Lee Danner & Bass Inc. bought a new stake in shares of PENN Entertainment during the 4th quarter valued at $92,000. KBC Group NV increased its stake in shares of PENN Entertainment by 36.5% in the 4th quarter. KBC Group NV now owns 5,501 shares of the company's stock worth $109,000 after acquiring an additional 1,470 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in PENN Entertainment by 914.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company's stock worth $119,000 after acquiring an additional 5,852 shares in the last quarter. Institutional investors own 91.69% of the company's stock.

PENN Entertainment Stock Performance

Shares of PENN stock traded down $0.02 during mid-day trading on Tuesday, reaching $14.27. 2,308,281 shares of the company's stock traded hands, compared to its average volume of 4,516,208. 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 firm has a market capitalization of $2.18 billion, a PE ratio of -4.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.96. PENN Entertainment, Inc. has a 12 month low of $13.25 and a 12 month high of $23.08. The firm has a 50 day moving average price of $18.31 and a two-hundred day moving average price of $19.23.

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Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus cut their price target on 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 restated an "outperform" rating and set a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, February 28th. Jefferies Financial Group increased their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Benchmark reiterated a "hold" rating on shares of PENN Entertainment in a research note on Monday, March 3rd. Finally, JMP Securities restated a "market perform" rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $23.44.

About PENN Entertainment

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.