PENN Entertainment, Inc. (NASDAQ:PENN) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENNGet Rating) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,671 shares of the company’s stock after selling 504 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PENN Entertainment were worth $1,683,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Citizens National Bank Trust Department acquired a new stake in shares of PENN Entertainment during the fourth quarter worth $26,000. San Luis Wealth Advisors LLC acquired a new stake in PENN Entertainment in the first quarter valued at $26,000. Reitz Capital Advisors LLC acquired a new stake in PENN Entertainment in the first quarter valued at $33,000. Stonebridge Capital Advisors LLC acquired a new stake in PENN Entertainment in the first quarter valued at $50,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in PENN Entertainment by 53.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,245 shares of the company’s stock valued at $55,000 after acquiring an additional 435 shares during the period. 82.62% of the stock is owned by institutional investors and hedge funds.

PENN Entertainment Stock Down 4.7 %

Shares of NASDAQ PENN opened at $29.14 on Thursday. PENN Entertainment, Inc. has a 1 year low of $26.46 and a 1 year high of $81.66. The firm’s 50 day moving average price is $33.26 and its 200 day moving average price is $34.67. The firm has a market cap of $4.62 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 19.97 and a beta of 2.24. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.90 and a current ratio of 1.90.

PENN Entertainment (NASDAQ:PENNGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.35). PENN Entertainment had a return on equity of 5.65% and a net margin of 3.33%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that PENN Entertainment, Inc. will post 1.3 earnings per share for the current year.

Analyst Ratings Changes

PENN has been the subject of a number of recent analyst reports. Credit Suisse Group reduced their target price on PENN Entertainment to $66.00 in a report on Tuesday, August 9th. Wells Fargo & Company reduced their target price on PENN Entertainment from $48.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Barclays raised their target price on PENN Entertainment from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 5th. JMP Securities assumed coverage on PENN Entertainment in a report on Tuesday, June 28th. They issued an “outperform” rating and a $52.00 target price for the company. Finally, Truist Financial cut their price target on PENN Entertainment from $60.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.50.

Insiders Place Their Bets

In other PENN Entertainment news, Director Saul Reibstein sold 5,086 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $38.03, for a total transaction of $193,420.58. Following the transaction, the director now owns 34,663 shares of the company’s stock, valued at $1,318,233.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

PENN Entertainment Company Profile

(Get Rating)

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet.

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

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