PENN Entertainment, Inc. (NASDAQ:PENN) Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENNFree Report) by 181.1% during the 4th quarter, HoldingsChannel reports. The firm owned 102,000 shares of the company’s stock after purchasing an additional 65,711 shares during the period. Jump Financial LLC’s holdings in PENN Entertainment were worth $2,654,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management increased its stake in PENN Entertainment by 34.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock valued at $45,000 after buying an additional 500 shares during the period. Westside Investment Management Inc. increased its stake in PENN Entertainment by 3.7% in the 3rd quarter. Westside Investment Management Inc. now owns 14,852 shares of the company’s stock valued at $341,000 after buying an additional 525 shares during the period. Lindbrook Capital LLC lifted its position in PENN Entertainment by 57.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,521 shares of the company’s stock worth $40,000 after buying an additional 553 shares in the last quarter. Allworth Financial LP boosted its stake in shares of PENN Entertainment by 9.4% during the 3rd quarter. Allworth Financial LP now owns 8,291 shares of the company’s stock valued at $190,000 after buying an additional 710 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of PENN Entertainment by 60.8% during the 3rd quarter. Signaturefd LLC now owns 1,922 shares of the company’s stock valued at $44,000 after acquiring an additional 727 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PENN shares. Canaccord Genuity Group cut their price objective on PENN Entertainment from $32.00 to $28.00 and set a “buy” rating for the company in a report on Monday, April 29th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price target on shares of PENN Entertainment in a report on Thursday, May 2nd. Craig Hallum dropped their price objective on PENN Entertainment from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company reduced their target price on shares of PENN Entertainment from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Finally, Morgan Stanley increased their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.96.

Get Our Latest Research Report on PENN Entertainment

PENN Entertainment Trading Down 0.2 %

PENN Entertainment stock traded down $0.03 during midday trading on Monday, hitting $16.05. 2,131,628 shares of the stock were exchanged, compared to its average volume of 5,882,914. PENN Entertainment, Inc. has a 52 week low of $13.50 and a 52 week high of $29.38. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $2.45 billion, a PE ratio of -2.16 and a beta of 2.06. The company has a fifty day simple moving average of $17.24 and a two-hundred day simple moving average of $21.01.

PENN Entertainment (NASDAQ:PENNGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. PENN Entertainment had a negative net margin of 17.77% and a negative return on equity of 3.53%. Equities research analysts anticipate that PENN Entertainment, Inc. will post -1.34 EPS for the current fiscal year.

Insider Transactions at PENN Entertainment

In other PENN Entertainment news, CFO Felicia Hendrix acquired 16,157 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average cost of $15.47 per share, for a total transaction of $249,948.79. Following the transaction, the chief financial officer now owns 68,596 shares of the company’s stock, valued at $1,061,180.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Felicia Hendrix acquired 16,157 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average cost of $15.47 per share, with a total value of $249,948.79. Following the transaction, the chief financial officer now owns 68,596 shares of the company’s stock, valued at approximately $1,061,180.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Handler bought 20,000 shares of the stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $15.37 per share, with a total value of $307,400.00. Following the acquisition, the director now owns 243,450 shares in the company, valued at approximately $3,741,826.50. The disclosure for this purchase can be found here. 2.19% of the stock is currently owned by insiders.

PENN Entertainment Profile

(Free Report)

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.

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Want to see what other hedge funds are holding PENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PENN Entertainment, Inc. (NASDAQ:PENNFree Report).

Institutional Ownership by Quarter for PENN Entertainment (NASDAQ:PENN)

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