Oppenheimer & Co. Inc. boosted its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN – Get Rating) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 9,500 shares of the company’s stock after buying an additional 587 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in PENN Entertainment were worth $289,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Comerica Bank boosted its position in PENN Entertainment by 2.0% during the second quarter. Comerica Bank now owns 14,773 shares of the company’s stock worth $489,000 after purchasing an additional 296 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of PENN Entertainment by 19.8% in the first quarter. Daiwa Securities Group Inc. now owns 1,848 shares of the company’s stock valued at $78,000 after acquiring an additional 305 shares in the last quarter. Adalta Capital Management LLC lifted its position in shares of PENN Entertainment by 4.4% in the first quarter. Adalta Capital Management LLC now owns 8,981 shares of the company’s stock valued at $381,000 after acquiring an additional 375 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of PENN Entertainment by 27.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,945 shares of the company’s stock valued at $83,000 after acquiring an additional 414 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of PENN Entertainment by 1.1% in the first quarter. Guggenheim Capital LLC now owns 39,364 shares of the company’s stock valued at $1,670,000 after acquiring an additional 431 shares in the last quarter. 82.62% of the stock is currently owned by hedge funds and other institutional investors.
PENN Entertainment Stock Performance
Shares of NASDAQ:PENN opened at $36.18 on Friday. The firm has a market capitalization of $5.61 billion, a PE ratio of 25.48, a P/E/G ratio of 1.80 and a beta of 2.19. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50-day moving average of $31.14 and a two-hundred day moving average of $31.95. PENN Entertainment, Inc. has a 12 month low of $25.49 and a 12 month high of $54.10.
Wall Street Analyst Weigh In
PENN Entertainment Profile
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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