Blue Trust Inc. Decreases Stock Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

Blue Trust Inc. trimmed its position in PENN Entertainment, Inc. (NASDAQ:PENN) by 9.9% during the 4th quarter, HoldingsChannel reports. The firm owned 9,180 shares of the company’s stock after selling 1,009 shares during the period. Blue Trust Inc.’s holdings in PENN Entertainment were worth $173,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale bought a new stake in PENN Entertainment during the 3rd quarter worth approximately $45,000. GAMMA Investing LLC lifted its position in PENN Entertainment by 88.5% during the third quarter. GAMMA Investing LLC now owns 2,716 shares of the company’s stock valued at $51,000 after purchasing an additional 1,275 shares during the last quarter. Quest Partners LLC bought a new stake in shares of PENN Entertainment in the 3rd quarter valued at approximately $56,000. International Assets Investment Management LLC lifted its stake in PENN Entertainment by 1,634.8% in the third quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock worth $61,000 after purchasing an additional 3,057 shares during the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of PENN Entertainment during the 4th quarter worth approximately $63,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America initiated coverage on PENN Entertainment in a report on Wednesday, November 13th. They issued a “neutral” rating and a $22.00 price target for the company. Benchmark reissued a “hold” rating on shares of PENN Entertainment in a research report on Friday, November 8th. Wells Fargo & Company boosted their price objective on shares of PENN Entertainment from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Truist Financial dropped their price objective on shares of PENN Entertainment from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.44.

PENN Entertainment Price Performance

Shares of PENN stock opened at $20.90 on Wednesday. The firm’s 50-day moving average is $19.86 and its two-hundred day moving average is $19.41. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $3.19 billion, a PE ratio of -5.89, a price-to-earnings-growth ratio of 1.52 and a beta of 2.09. PENN Entertainment, Inc. has a 12 month low of $13.50 and a 12 month high of $23.81.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.04. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. Analysts predict that PENN Entertainment, Inc. will post -1.63 earnings per share for the current year.

About PENN Entertainment

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.