Harbor Advisors LLC Sells 2,000 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Harbor Advisors LLC trimmed its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the company’s stock after selling 2,000 shares during the period. Harbor Advisors LLC’s holdings in PENN Entertainment were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PENN. IFP Advisors Inc boosted its stake in PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after purchasing an additional 1,052 shares in the last quarter. Quest Partners LLC acquired a new position in PENN Entertainment in the third quarter worth $56,000. Modus Advisors LLC acquired a new position in PENN Entertainment in the fourth quarter worth $63,000. Lee Danner & Bass Inc. acquired a new position in PENN Entertainment in the fourth quarter worth $92,000. Finally, KBC Group NV boosted its stake in PENN Entertainment by 36.5% in the fourth quarter. KBC Group NV now owns 5,501 shares of the company’s stock worth $109,000 after purchasing an additional 1,470 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Stock Up 1.2 %

PENN stock opened at $17.37 on Friday. 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 business has a 50 day moving average price of $19.98 and a two-hundred day moving average price of $19.64. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -4.89, a P/E/G ratio of 1.55 and a beta of 2.19. PENN Entertainment, Inc. has a twelve month low of $13.50 and a twelve month high of $23.08.

Analyst Upgrades and Downgrades

PENN has been the topic of several research reports. 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. Jefferies Financial Group increased their target price on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Macquarie restated an “outperform” rating and issued a $26.00 price target on shares of PENN Entertainment in a report on Friday, February 28th. Needham & Company LLC lowered their price target on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a report 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’s stock. According to data from MarketBeat, PENN Entertainment presently has an average rating of “Hold” and an average target price of $23.56.

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.