PENN Entertainment, Inc. (NASDAQ:PENN) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 96,287 shares of the company’s stock after selling 7,510 shares during the period. State of New Jersey Common Pension Fund D’s holdings in PENN Entertainment were worth $2,505,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tyler Stone Wealth Management raised its position in shares of PENN Entertainment by 34.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock worth $45,000 after buying an additional 500 shares during the period. Jump Financial LLC lifted its stake in shares of PENN Entertainment by 1.4% in the 3rd quarter. Jump Financial LLC now owns 36,289 shares of the company’s stock valued at $833,000 after purchasing an additional 510 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of PENN Entertainment by 3.7% in the 3rd quarter. Westside Investment Management Inc. now owns 14,852 shares of the company’s stock valued at $341,000 after purchasing an additional 525 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of PENN Entertainment by 57.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,521 shares of the company’s stock worth $40,000 after purchasing an additional 553 shares during the period. Finally, Oxinas Partners Wealth Management LLC increased its position in PENN Entertainment by 1.9% during the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 29,386 shares of the company’s stock worth $674,000 after purchasing an additional 556 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

PENN Entertainment Stock Down 0.6 %

NASDAQ PENN opened at $16.44 on Thursday. The company’s fifty day moving average price is $17.51 and its two-hundred day moving average price is $21.24. PENN Entertainment, Inc. has a 12 month low of $15.88 and a 12 month high of $31.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60.

PENN Entertainment (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($1.18). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. PENN Entertainment had a negative net margin of 7.70% and a positive return on equity of 1.31%. Equities analysts anticipate that PENN Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PENN. Needham & Company LLC decreased their price objective on shares of PENN Entertainment from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Truist Financial raised shares of PENN Entertainment from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a report on Tuesday, April 23rd. Macquarie reduced their price objective on PENN Entertainment from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Finally, Barclays lowered their target price on PENN Entertainment from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

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.