PENN Entertainment, Inc. (NASDAQ:PENN) Stock Holdings Cut by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its position in PENN Entertainment, Inc. (NASDAQ:PENN) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 292,924 shares of the company’s stock after selling 10,681 shares during the period. Peregrine Capital Management LLC’s holdings in PENN Entertainment were worth $5,806,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. M&T Bank Corp lifted its holdings in PENN Entertainment by 4.2% in the 3rd quarter. M&T Bank Corp now owns 12,460 shares of the company’s stock valued at $235,000 after acquiring an additional 497 shares during the last quarter. Westside Investment Management Inc. lifted its stake in PENN Entertainment by 3.2% during the fourth quarter. Westside Investment Management Inc. now owns 19,849 shares of the company’s stock valued at $393,000 after purchasing an additional 620 shares during the last quarter. XTX Topco Ltd boosted its holdings in PENN Entertainment by 2.8% during the third quarter. XTX Topco Ltd now owns 23,362 shares of the company’s stock worth $441,000 after buying an additional 641 shares in the last quarter. Nisa Investment Advisors LLC grew its position in PENN Entertainment by 4.0% in the third quarter. Nisa Investment Advisors LLC now owns 17,410 shares of the company’s stock worth $328,000 after buying an additional 665 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of PENN Entertainment by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 14,774 shares of the company’s stock valued at $293,000 after buying an additional 813 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PENN. Jefferies Financial Group lifted their target price on PENN Entertainment from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. StockNews.com downgraded PENN Entertainment from a “hold” rating to a “sell” rating in a report on Friday, January 17th. Macquarie raised their target price on shares of PENN Entertainment from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Morgan Stanley cut their price target on shares of PENN Entertainment from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 22nd. Finally, Truist Financial reduced their price target on shares of PENN Entertainment from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, PENN Entertainment has an average rating of “Hold” and a consensus price target of $23.50.

PENN Entertainment Price Performance

PENN opened at $22.20 on Wednesday. The stock has a fifty day moving average price of $19.96 and a 200 day moving average price of $19.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment, Inc. has a 1 year low of $13.50 and a 1 year high of $23.08. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -6.25, a PEG ratio of 1.53 and a beta of 2.09.

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.