Public Employees Retirement System of Ohio Has $1.03 Million Stock Position in PENN Entertainment, Inc. (NASDAQ:PENN)

Public Employees Retirement System of Ohio trimmed its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,711 shares of the company’s stock after selling 2,726 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in PENN Entertainment were worth $1,032,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of PENN Entertainment in the third quarter valued at approximately $45,000. GAMMA Investing LLC lifted its position in shares of PENN Entertainment by 88.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the company’s stock valued at $51,000 after acquiring an additional 1,275 shares during the period. Quest Partners LLC acquired a new stake in shares of PENN Entertainment during the 3rd quarter worth $56,000. International Assets Investment Management LLC raised 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 valued at $61,000 after purchasing an additional 3,057 shares in the last quarter. Finally, Quarry LP grew its stake in PENN Entertainment by 76.7% during the second quarter. Quarry LP now owns 4,291 shares of the company’s stock worth $83,000 after buying an additional 1,862 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Stock Down 1.5 %

PENN Entertainment stock opened at $18.17 on Friday. The firm has a 50 day moving average price of $19.99 and a two-hundred day moving average price of $19.22. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. PENN Entertainment, Inc. has a 52-week low of $13.50 and a 52-week high of $27.20. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -5.12 and a beta of 2.08.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.04. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Equities analysts predict that PENN Entertainment, Inc. will post -1.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PENN. Macquarie upped their price target on shares of PENN Entertainment from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upgraded PENN Entertainment from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $27.00 in a research note on Friday, December 13th. Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a research note on Friday, November 8th. Wells Fargo & Company raised their price target on shares of PENN Entertainment from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Bank of America began coverage on shares of PENN Entertainment in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $22.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.53.

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.