Sei Investments Co. Sells 593,874 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Sei Investments Co. decreased its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,838,228 shares of the company's stock after selling 593,874 shares during the period. Sei Investments Co. owned about 1.20% of PENN Entertainment worth $36,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PENN. IFP Advisors Inc raised its stake in 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 in the last quarter. Quest Partners LLC acquired a new position in shares of PENN Entertainment in the 3rd quarter worth $56,000. Modus Advisors LLC acquired a new stake in shares of PENN Entertainment during the fourth quarter valued at approximately $63,000. Lee Danner & Bass Inc. acquired a new stake in PENN Entertainment during the 4th quarter worth about $92,000. Finally, KBC Group NV boosted its position in PENN Entertainment by 36.5% during the fourth 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. 91.69% of the stock is owned by hedge funds and other institutional investors.

PENN Entertainment Trading Down 0.1 %

NASDAQ PENN traded down $0.02 during trading hours on Tuesday, hitting $17.33. The company's stock had a trading volume of 2,417,288 shares, compared to its average volume of 4,474,571. PENN Entertainment, Inc. has a twelve month low of $13.50 and a twelve month high of $23.08. The firm has a market capitalization of $2.65 billion, a P/E ratio of -4.88, a PEG ratio of 1.55 and a beta of 2.19. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The stock has a fifty day moving average of $19.93 and a 200 day moving average of $19.64.

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Analyst Ratings Changes

A number of brokerages recently weighed in on PENN. StockNews.com raised PENN Entertainment from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a "neutral" rating to an "overweight" rating and raised their target price for the company from $19.00 to $27.00 in a research note on Friday, December 13th. JMP Securities reissued a "market perform" rating on shares of PENN Entertainment in a research report on Thursday, January 16th. Macquarie reiterated an "outperform" rating and issued a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, February 28th. Finally, Mizuho increased their target price on PENN Entertainment from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, PENN Entertainment has a consensus rating of "Hold" and an average price target of $23.56.

PENN Entertainment 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.