Cwm LLC Acquires 3,517 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Cwm LLC increased its holdings in PENN Entertainment, Inc. (NASDAQ:PENN) by 87.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,551 shares of the company’s stock after purchasing an additional 3,517 shares during the quarter. Cwm LLC’s holdings in PENN Entertainment were worth $196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Harbor Investment Advisory LLC acquired a new stake in PENN Entertainment during the 4th quarter valued at approximately $32,000. Huntington National Bank increased its position in shares of PENN Entertainment by 324.8% during the third quarter. Huntington National Bank now owns 1,402 shares of the company’s stock worth $32,000 after buying an additional 1,072 shares during the period. Lindbrook Capital LLC raised its stake in PENN Entertainment by 57.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,521 shares of the company’s stock worth $40,000 after buying an additional 553 shares during the last quarter. Signaturefd LLC lifted its holdings in PENN Entertainment by 60.8% in the third quarter. Signaturefd LLC now owns 1,922 shares of the company’s stock valued at $44,000 after buying an additional 727 shares during the period. Finally, Tyler Stone Wealth Management boosted its position in PENN Entertainment by 34.0% during the third quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock valued at $45,000 after acquiring an additional 500 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on PENN shares. Macquarie lowered their price objective on PENN Entertainment from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Stifel Nicolaus cut their target price 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. Truist Financial raised PENN Entertainment from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, April 23rd. Mizuho lifted their price objective on shares of PENN Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday. Finally, Canaccord Genuity Group lowered their target price on shares of PENN Entertainment from $32.00 to $28.00 and set a “buy” rating for the company in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, PENN Entertainment currently has a consensus rating of “Hold” and an average target price of $26.93.

PENN Entertainment Price Performance

PENN Entertainment stock opened at $15.13 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 1.11. PENN Entertainment, Inc. has a one year low of $13.50 and a one year high of $29.38. The firm has a market capitalization of $2.30 billion, a P/E ratio of -2.03 and a beta of 2.06. The business has a fifty day moving average price of $17.44 and a 200-day moving average price of $21.16.

PENN Entertainment (NASDAQ:PENN) last issued its earnings results on Thursday, February 15th. The company reported ($1.75) 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 return on equity of 3.39% and a negative net margin of 17.77%. As a group, equities research analysts forecast that PENN Entertainment, Inc. will post -0.9 EPS for the current year.

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.