Versor Investments LP Has $255,000 Stock Holdings in PENN Entertainment, Inc. $PENN

Versor Investments LP lowered its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 82.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,246 shares of the company’s stock after selling 67,054 shares during the period. Versor Investments LP’s holdings in PENN Entertainment were worth $255,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC grew its position in PENN Entertainment by 152.2% in the second quarter. Parallel Advisors LLC now owns 1,397 shares of the company’s stock valued at $25,000 after acquiring an additional 843 shares during the last quarter. Quarry LP acquired a new stake in shares of PENN Entertainment in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in shares of PENN Entertainment by 38.7% during the 1st quarter. GAMMA Investing LLC now owns 2,636 shares of the company’s stock valued at $43,000 after purchasing an additional 736 shares during the last quarter. State of Wyoming bought a new position in PENN Entertainment in the 1st quarter valued at approximately $46,000. Finally, Ancora Advisors LLC boosted its position in PENN Entertainment by 208.8% in the first quarter. Ancora Advisors LLC now owns 6,855 shares of the company’s stock valued at $112,000 after buying an additional 4,635 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

PENN Entertainment Stock Down 10.4%

Shares of NASDAQ PENN opened at $14.65 on Friday. The company’s 50 day moving average price is $18.33 and its 200-day moving average price is $17.47. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.79 and a current ratio of 0.79. PENN Entertainment, Inc. has a 52-week low of $13.25 and a 52-week high of $23.08. The company has a market capitalization of $2.14 billion, a P/E ratio of -26.16 and a beta of 1.53.

PENN Entertainment (NASDAQ:PENN) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.12). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. PENN Entertainment had a negative return on equity of 4.36% and a negative net margin of 1.12%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.24) earnings per share. Equities analysts forecast that PENN Entertainment, Inc. will post -1.61 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on PENN shares. Citigroup reiterated an “outperform” rating on shares of PENN Entertainment in a report on Friday, August 8th. Barclays lowered their target price on PENN Entertainment from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, July 18th. Wall Street Zen lowered PENN Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Morgan Stanley reaffirmed a “sell” rating on shares of PENN Entertainment in a research note on Friday, July 11th. Finally, JMP Securities raised their price objective on shares of PENN Entertainment from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Friday, August 8th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, PENN Entertainment presently has an average rating of “Hold” and an average target price of $22.80.

PENN Entertainment 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.