Janney Montgomery Scott LLC Has $361,000 Stock Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

Janney Montgomery Scott LLC reduced its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,224 shares of the company’s stock after selling 3,760 shares during the period. Janney Montgomery Scott LLC’s holdings in PENN Entertainment were worth $361,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PENN. SG Americas Securities LLC bought a new stake in shares of PENN Entertainment during the 4th quarter worth about $27,805,000. Westside Investment Management Inc. lifted its position in PENN Entertainment by 3.2% during the fourth quarter. Westside Investment Management Inc. now owns 19,849 shares of the company’s stock worth $393,000 after acquiring an additional 620 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in PENN Entertainment by 8.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company’s stock worth $11,851,000 after acquiring an additional 46,209 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of PENN Entertainment during the fourth quarter worth approximately $63,000. Finally, Tidal Investments LLC increased its stake in shares of PENN Entertainment by 35.2% during the third quarter. Tidal Investments LLC now owns 14,888 shares of the company’s stock worth $281,000 after purchasing an additional 3,879 shares during the period. 91.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PENN shares. Morgan Stanley decreased their price target on shares of PENN Entertainment from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 22nd. Barclays decreased their target price on shares of PENN Entertainment from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. StockNews.com downgraded shares of PENN Entertainment from a “hold” rating to a “sell” rating in a report on Friday, January 17th. Truist Financial decreased their price objective on shares of PENN Entertainment from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Bank of America assumed coverage on PENN Entertainment in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, PENN Entertainment has an average rating of “Hold” and a consensus price target of $23.44.

PENN Entertainment Price Performance

Shares of NASDAQ PENN opened at $21.91 on Tuesday. The company has a market capitalization of $3.34 billion, a PE ratio of -6.17, a P/E/G ratio of 1.53 and a beta of 2.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment, Inc. has a twelve month low of $13.50 and a twelve month high of $23.81. The firm has a fifty day simple moving average of $19.84 and a 200 day simple moving average of $19.48.

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.