Natixis Advisors LLC Has $4.01 Million Stock Holdings in PENN Entertainment, Inc. $PENN

Natixis Advisors LLC lowered its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 21.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 271,689 shares of the company’s stock after selling 73,474 shares during the period. Natixis Advisors LLC’s holdings in PENN Entertainment were worth $4,007,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PENN. Hill Path Capital LP grew its stake in PENN Entertainment by 64.4% in the 3rd quarter. Hill Path Capital LP now owns 5,759,820 shares of the company’s stock valued at $110,934,000 after buying an additional 2,257,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in PENN Entertainment by 74.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,930,293 shares of the company’s stock valued at $75,697,000 after buying an additional 1,679,953 shares during the last quarter. Amundi grew its stake in PENN Entertainment by 3,058.9% in the 3rd quarter. Amundi now owns 781,949 shares of the company’s stock valued at $14,458,000 after buying an additional 757,195 shares during the last quarter. Armistice Capital LLC grew its stake in PENN Entertainment by 48.8% in the 3rd quarter. Armistice Capital LLC now owns 2,103,666 shares of the company’s stock valued at $40,517,000 after buying an additional 690,078 shares during the last quarter. Finally, Norges Bank acquired a new position in PENN Entertainment in the 4th quarter valued at about $7,410,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Stock Performance

Shares of PENN Entertainment stock opened at $20.32 on Wednesday. The company has a 50 day moving average of $16.78 and a 200-day moving average of $15.01. PENN Entertainment, Inc. has a 1-year low of $11.65 and a 1-year high of $20.60. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.94. The company has a market cap of $2.72 billion, a PE ratio of -3.02, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. PENN Entertainment had a negative net margin of 13.55% and a positive return on equity of 0.44%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, equities research analysts forecast that PENN Entertainment, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

PENN has been the topic of a number of research reports. Citigroup upped their price target on shares of PENN Entertainment from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of PENN Entertainment from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Wells Fargo & Company upped their price target on shares of PENN Entertainment from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Morgan Stanley upped their price target on shares of PENN Entertainment from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Susquehanna decreased their price target on shares of PENN Entertainment from $20.00 to $17.00 and set a “positive” rating on the stock in a research note on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PENN Entertainment presently has a consensus rating of “Hold” and an average target price of $20.29.

PENN Entertainment Profile

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.