PENN Entertainment, Inc. (NASDAQ:PENN) Shares Purchased by Swiss National Bank

Swiss National Bank raised its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,284 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Swiss National Bank’s holdings in PENN Entertainment were worth $5,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AlphaQuest LLC grew its stake in PENN Entertainment by 379.7% in the fourth quarter. AlphaQuest LLC now owns 14,234 shares of the company’s stock worth $282,000 after purchasing an additional 11,267 shares in the last quarter. Inceptionr LLC acquired a new position in shares of PENN Entertainment in the 4th quarter worth approximately $272,000. Raymond James Financial Inc. bought a new stake in shares of PENN Entertainment in the 4th quarter valued at approximately $17,804,000. Proficio Capital Partners LLC acquired a new stake in shares of PENN Entertainment during the 4th quarter valued at approximately $596,000. Finally, M&T Bank Corp lifted its stake in PENN Entertainment by 4.7% during the fourth quarter. M&T Bank Corp now owns 13,044 shares of the company’s stock worth $259,000 after purchasing an additional 584 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Price Performance

NASDAQ PENN opened at $17.35 on Tuesday. PENN Entertainment, Inc. has a 12 month low of $13.50 and a 12 month high of $23.08. The firm has a market capitalization of $2.65 billion, a PE ratio of -4.89, a P/E/G ratio of 1.55 and a beta of 2.19. The company’s 50 day simple moving average is $19.93 and its 200 day simple moving average is $19.64. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94.

Wall Street Analysts Forecast Growth

PENN has been the topic of a number of research reports. Macquarie reissued an “outperform” rating and set a $26.00 target price on shares of PENN Entertainment in a report on Friday, February 28th. Needham & Company LLC cut their target price on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. raised PENN Entertainment from a “neutral” rating to an “overweight” rating and upped their target price for the company from $19.00 to $27.00 in a report on Friday, December 13th. StockNews.com raised PENN Entertainment from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PENN Entertainment currently has a consensus rating of “Hold” and an average price target of $23.56.

PENN Entertainment 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.