Louisiana State Employees Retirement System Invests $1.11 Million in PENN Entertainment, Inc. (NASDAQ:PENN)

Louisiana State Employees Retirement System purchased a new position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 42,600 shares of the company’s stock, valued at approximately $1,108,000.

Several other large investors also recently made changes to their positions in the stock. National Bank of Canada FI boosted its holdings in shares of PENN Entertainment by 12.6% in the 3rd quarter. National Bank of Canada FI now owns 4,162 shares of the company’s stock valued at $94,000 after buying an additional 466 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of PENN Entertainment by 34.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock valued at $45,000 after buying an additional 500 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of PENN Entertainment by 1.4% in the 3rd quarter. Jump Financial LLC now owns 36,289 shares of the company’s stock valued at $833,000 after buying an additional 510 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of PENN Entertainment by 3.7% in the 3rd quarter. Westside Investment Management Inc. now owns 14,852 shares of the company’s stock valued at $341,000 after buying an additional 525 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC boosted its holdings in shares of PENN Entertainment by 1.9% in the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 29,386 shares of the company’s stock valued at $674,000 after buying an additional 556 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Stock Up 3.0 %

Shares of NASDAQ PENN opened at $17.43 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.11 and a current ratio of 1.11. PENN Entertainment, Inc. has a 52 week low of $15.88 and a 52 week high of $31.63. The stock has a market capitalization of $2.66 billion, a P/E ratio of -4.79 and a beta of 2.06. The stock’s fifty day moving average is $17.75 and its 200 day moving average is $21.42.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). PENN Entertainment had a positive return on equity of 1.31% and a negative net margin of 7.70%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. Sell-side analysts forecast that PENN Entertainment, Inc. will post -0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PENN has been the subject of several recent analyst reports. Barclays cut their price objective on PENN Entertainment from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Stifel Nicolaus cut their price target on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating for the company in a report on Friday, February 16th. JMP Securities reaffirmed a “market perform” rating on shares of PENN Entertainment in a report on Tuesday. Needham & Company LLC cut their price target on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, StockNews.com downgraded PENN Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PENN Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $29.80.

About PENN Entertainment

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.