Thrivent Financial for Lutherans Has $2.29 Million Stake in PENN Entertainment, Inc. (NASDAQ:PENN)

Thrivent Financial for Lutherans cut its position in PENN Entertainment, Inc. (NASDAQ:PENN) by 1.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 115,652 shares of the company’s stock after selling 1,819 shares during the quarter. Thrivent Financial for Lutherans’ holdings in PENN Entertainment were worth $2,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PENN. SG Americas Securities LLC bought a new stake in shares of PENN Entertainment during the 4th quarter worth $27,805,000. Raymond James Financial Inc. bought a new position in shares of PENN Entertainment in the fourth quarter worth about $17,804,000. ING Groep NV bought a new position in shares of PENN Entertainment in the fourth quarter worth about $9,910,000. Verition Fund Management LLC boosted its stake in shares of PENN Entertainment by 367.2% in the 3rd quarter. Verition Fund Management LLC now owns 452,988 shares of the company’s stock valued at $8,543,000 after purchasing an additional 356,029 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of PENN Entertainment by 244.7% during the 3rd quarter. Janus Henderson Group PLC now owns 249,106 shares of the company’s stock valued at $4,697,000 after purchasing an additional 176,844 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

PENN Entertainment Stock Down 1.2 %

Shares of NASDAQ PENN opened at $16.92 on Friday. PENN Entertainment, Inc. has a 52-week low of $13.50 and a 52-week high of $23.08. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50 day moving average price is $19.68 and its 200-day moving average price is $19.59. The company has a market capitalization of $2.59 billion, a P/E ratio of -4.77, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19.

Analysts Set New Price Targets

PENN has been the topic of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of PENN Entertainment from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group raised their price objective on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a report on Friday, January 3rd. Macquarie reaffirmed an “outperform” rating and issued a $26.00 target price on shares of PENN Entertainment in a report on Friday, February 28th. Wells Fargo & Company lifted their price target on PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, March 3rd. Finally, StockNews.com raised PENN Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, PENN Entertainment currently has a consensus rating of “Hold” and an average price target of $23.56.

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.