Mutual of America Capital Management LLC Trims Position in PENN Entertainment, Inc. (NASDAQ:PENN)

Mutual of America Capital Management LLC lessened its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,971 shares of the company’s stock after selling 4,411 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of PENN Entertainment worth $2,393,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Capital Advisors LLC purchased a new stake in PENN Entertainment during the first quarter valued at $50,000. Harbor Investment Advisory LLC purchased a new stake in PENN Entertainment during the fourth quarter valued at $32,000. Money Concepts Capital Corp increased its position in 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. International Assets Investment Management LLC bought a new stake in PENN Entertainment during the third quarter valued at about $29,000. Finally, Quarry LP grew its holdings in 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 purchasing an additional 674 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PENN shares. Mizuho started coverage on PENN Entertainment in a report on Tuesday, March 26th. They set a “buy” rating and a $29.00 price target for the company. Needham & Company LLC cut their price target on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating for the company in a report on Friday, February 16th. Barclays cut their price target on PENN Entertainment from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Friday. Morgan Stanley boosted their price target on PENN Entertainment from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Truist Financial cut their price target on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating for the company in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.80.

PENN Entertainment Price Performance

Shares of PENN Entertainment stock opened at $16.54 on Friday. The stock has a 50 day moving average of $17.98 and a 200 day moving average of $21.46. PENN Entertainment, Inc. has a 12 month low of $15.88 and a 12 month high of $31.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 1.11.

PENN Entertainment (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). PENN Entertainment had a negative net margin of 7.70% and a positive return on equity of 1.31%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities analysts expect that PENN Entertainment, Inc. will post -0.86 EPS 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.