WINTON GROUP Ltd Takes Position in PENN Entertainment, Inc. $PENN

WINTON GROUP Ltd bought a new stake in PENN Entertainment, Inc. (NASDAQ:PENN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 260,988 shares of the company’s stock, valued at approximately $3,850,000. WINTON GROUP Ltd owned 0.20% of PENN Entertainment as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in PENN Entertainment by 76.2% during the fourth quarter. IFP Advisors Inc now owns 2,766 shares of the company’s stock valued at $41,000 after buying an additional 1,196 shares during the last quarter. Triumph Capital Management purchased a new position in PENN Entertainment during the third quarter valued at $54,000. Hantz Financial Services Inc. raised its stake in PENN Entertainment by 385.1% during the fourth quarter. Hantz Financial Services Inc. now owns 3,721 shares of the company’s stock valued at $55,000 after buying an additional 2,954 shares during the last quarter. Jones Financial Companies Lllp raised its stake in PENN Entertainment by 33.7% during the third quarter. Jones Financial Companies Lllp now owns 3,273 shares of the company’s stock valued at $65,000 after buying an additional 825 shares during the last quarter. Finally, Rothschild Investment LLC raised its stake in PENN Entertainment by 27,145.0% during the fourth quarter. Rothschild Investment LLC now owns 5,449 shares of the company’s stock valued at $80,000 after buying an additional 5,429 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

PENN Entertainment Stock Down 2.0%

PENN stock opened at $19.23 on Friday. PENN Entertainment, Inc. has a 1-year low of $11.65 and a 1-year high of $20.60. The business has a fifty day moving average price of $16.55 and a 200-day moving average price of $14.91. The company has a debt-to-equity ratio of 3.94, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $2.57 billion, a P/E ratio of -2.86, a P/E/G ratio of 0.63 and a beta of 1.44.

PENN Entertainment (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. PENN Entertainment had a positive return on equity of 0.44% and a negative net margin of 13.55%.The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that PENN Entertainment, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PENN. Weiss Ratings reiterated a “sell (d-)” rating on shares of PENN Entertainment in a research note on Friday, March 27th. Susquehanna lowered their price objective on PENN Entertainment from $20.00 to $17.00 and set a “positive” rating for the company in a research note on Wednesday, February 11th. Wells Fargo & Company lifted their price objective on PENN Entertainment from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Mizuho lifted their price objective on PENN Entertainment from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Citigroup lifted their price objective on PENN Entertainment from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.29.

About PENN Entertainment

PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.