PENN Entertainment, Inc. (NASDAQ:PENN) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,590 shares of the company’s stock after acquiring an additional 2,085 shares during the period. Nisa Investment Advisors LLC’s holdings in PENN Entertainment were worth $432,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of PENN Entertainment during the third quarter valued at $29,000. Huntington National Bank boosted its stake in shares of PENN Entertainment by 324.8% during the third quarter. Huntington National Bank now owns 1,402 shares of the company’s stock valued at $32,000 after acquiring an additional 1,072 shares during the last quarter. Quarry LP boosted its stake in shares of PENN Entertainment by 95.1% during the second quarter. Quarry LP now owns 1,383 shares of the company’s stock valued at $33,000 after acquiring an additional 674 shares during the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of PENN Entertainment during the second quarter valued at $35,000. Finally, Money Concepts Capital Corp boosted its stake in shares of PENN Entertainment by 85.4% during the fourth quarter. Money Concepts Capital Corp now owns 1,309 shares of the company’s stock valued at $39,000 after acquiring an additional 603 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

PENN has been the topic of several recent analyst reports. Macquarie reduced their target price on PENN Entertainment from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Mizuho initiated coverage on PENN Entertainment in a research report on Tuesday, March 26th. They set a “buy” rating and a $29.00 target price on the stock. Needham & Company LLC reduced their target price on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. StockNews.com downgraded PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, Truist Financial reduced their target price on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.47.

PENN Entertainment Stock Performance

Shares of NASDAQ:PENN opened at $16.26 on Thursday. The company has a market cap of $2.48 billion, a P/E ratio of -4.47 and a beta of 2.06. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.11 and a current ratio of 1.11. PENN Entertainment, Inc. has a one year low of $15.88 and a one year high of $31.63. The business’s 50-day simple moving average is $18.24 and its 200 day simple moving average is $21.54.

PENN Entertainment (NASDAQ:PENN) last announced its earnings results on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing the consensus estimate of ($0.57) by ($1.18). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.54 billion. PENN Entertainment had a negative net margin of 7.70% and a positive return on equity of 1.31%. On average, sell-side analysts forecast that PENN Entertainment, Inc. will post -0.86 earnings per share for the current fiscal year.

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.