Virtu Financial LLC Invests $272,000 in PENN Entertainment, Inc. (NASDAQ:PENN)

Virtu Financial LLC purchased a new stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,738 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PENN. IFP Advisors Inc lifted its stake in shares of PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after acquiring an additional 1,052 shares in the last quarter. Quest Partners LLC acquired a new position in PENN Entertainment during the 3rd quarter worth $56,000. Modus Advisors LLC acquired a new position in PENN Entertainment during the 4th quarter worth $63,000. Lee Danner & Bass Inc. bought a new stake in shares of PENN Entertainment in the 4th quarter worth about $92,000. Finally, KBC Group NV raised its stake in shares of PENN Entertainment by 36.5% in the 4th quarter. KBC Group NV now owns 5,501 shares of the company’s stock valued at $109,000 after purchasing an additional 1,470 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

PENN Entertainment Stock Performance

Shares of NASDAQ PENN opened at $17.12 on Friday. PENN Entertainment, Inc. has a 1 year low of $13.50 and a 1 year high of $23.08. The firm has a market cap of $2.62 billion, a P/E ratio of -4.82, a PEG ratio of 1.55 and a beta of 2.19. The stock has a fifty day moving average price of $19.74 and a two-hundred day moving average price of $19.60. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a report on Monday, March 3rd. Macquarie reiterated an “outperform” rating and set a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded PENN Entertainment from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $27.00 in a research note on Friday, December 13th. Jefferies Financial Group increased their price target on PENN Entertainment from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company boosted their price objective on PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.56.

PENN Entertainment 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.