Eisler Capital Management Ltd. Buys Shares of 100,000 PENN Entertainment, Inc. (NASDAQ:PENN)

Eisler Capital Management Ltd. purchased a new position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,924,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc grew its holdings in PENN Entertainment by 201.5% during the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after acquiring an additional 1,052 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in PENN Entertainment in the fourth quarter worth about $92,000. KBC Group NV increased its holdings in PENN Entertainment by 36.5% in the fourth quarter. KBC Group NV now owns 5,501 shares of the company’s stock valued at $109,000 after buying an additional 1,470 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in PENN Entertainment by 914.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company’s stock valued at $119,000 after buying an additional 5,852 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in PENN Entertainment by 51.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,030 shares of the company’s stock worth $179,000 after buying an additional 3,080 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Price Performance

NASDAQ PENN opened at $15.31 on Friday. The firm has a market capitalization of $2.31 billion, a PE ratio of -4.31, a P/E/G ratio of 1.55 and a beta of 1.81. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. PENN Entertainment, Inc. has a 12 month low of $13.25 and a 12 month high of $23.08. The company’s 50 day simple moving average is $16.05 and its 200 day simple moving average is $18.80.

PENN Entertainment (NASDAQ:PENN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.97. PENN Entertainment had a negative return on equity of 14.44% and a negative net margin of 8.51%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business earned ($0.76) EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that PENN Entertainment, Inc. will post -1.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PENN. Susquehanna lowered their target price on shares of PENN Entertainment from $26.00 to $23.00 and set a “positive” rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus dropped their price objective on shares of PENN Entertainment from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. StockNews.com raised PENN Entertainment from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Truist Financial lowered their price objective on PENN Entertainment from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PENN Entertainment presently has a consensus rating of “Hold” and an average target price of $22.97.

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.