Fifth Third Bancorp Has $1.85 Million Stock Position in PENN Entertainment, Inc. (NASDAQ:PENN)

Fifth Third Bancorp lifted its stake in PENN Entertainment, Inc. (NASDAQ:PENNFree Report) by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,037 shares of the company’s stock after acquiring an additional 18,520 shares during the quarter. Fifth Third Bancorp’s holdings in PENN Entertainment were worth $1,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of PENN Entertainment in the third quarter valued at about $29,000. Huntington National Bank increased its position in shares of PENN Entertainment by 324.8% in the third quarter. Huntington National Bank now owns 1,402 shares of the company’s stock valued at $32,000 after acquiring an additional 1,072 shares during the last quarter. Quarry LP increased its position in shares of PENN Entertainment by 95.1% in the second quarter. Quarry LP now owns 1,383 shares of the company’s stock valued at $33,000 after acquiring an additional 674 shares during the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of PENN Entertainment in the second quarter valued at about $35,000. Finally, Money Concepts Capital Corp increased its position in shares of PENN Entertainment by 85.4% in the fourth quarter. Money Concepts Capital Corp now owns 1,309 shares of the company’s stock valued at $39,000 after acquiring an additional 603 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Trading Up 1.6 %

Shares of PENN stock opened at $17.89 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60. The stock has a market cap of $2.73 billion, a P/E ratio of -4.91 and a beta of 2.06. The stock has a 50 day simple moving average of $19.34 and a 200 day simple moving average of $21.95. PENN Entertainment, Inc. has a 1 year low of $16.46 and a 1 year high of $31.63.

PENN Entertainment (NASDAQ:PENNGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($1.18). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. PENN Entertainment had a negative net margin of 7.70% and a positive return on equity of 1.31%. On average, research analysts predict that PENN Entertainment, Inc. will post -0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PENN has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Mizuho initiated coverage on PENN Entertainment in a research report on Tuesday, March 26th. They set a “buy” rating and a $29.00 price target on the stock. Morgan Stanley lowered their price target on PENN Entertainment from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Needham & Company LLC lowered their price target on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Truist Financial lowered their price target on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.31.

View Our Latest Stock Report on PENN

PENN Entertainment Company Profile

(Free Report)

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.

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

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