PENN Entertainment, Inc. (NASDAQ:PENN) Shares Bought by Westside Investment Management Inc.

Westside Investment Management Inc. lifted its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,849 shares of the company’s stock after purchasing an additional 620 shares during the quarter. Westside Investment Management Inc.’s holdings in PENN Entertainment were worth $393,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PENN. DME Capital Management LP boosted its holdings in PENN Entertainment by 11.9% during the second quarter. DME Capital Management LP now owns 5,095,340 shares of the company’s stock worth $98,620,000 after buying an additional 540,630 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of PENN Entertainment by 4.6% during the 2nd quarter. Earnest Partners LLC now owns 4,117,946 shares of the company’s stock worth $79,703,000 after acquiring an additional 179,813 shares in the last quarter. Armistice Capital LLC increased its stake in shares of PENN Entertainment by 91.9% in the 2nd quarter. Armistice Capital LLC now owns 2,643,060 shares of the company’s stock valued at $51,156,000 after purchasing an additional 1,266,023 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in PENN Entertainment by 4,624.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,456,094 shares of the company’s stock worth $28,183,000 after purchasing an additional 1,425,274 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in PENN Entertainment by 1,051.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,421,471 shares of the company’s stock worth $26,809,000 after purchasing an additional 1,297,976 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PENN has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on PENN Entertainment from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Truist Financial cut their price target on shares of PENN Entertainment from $25.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. JMP Securities reaffirmed a “market perform” rating on shares of PENN Entertainment in a report on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and set a $26.00 target price on shares of PENN Entertainment in a research note on Friday, November 8th. Finally, Bank of America assumed coverage on shares of PENN Entertainment in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.44.

PENN Entertainment Stock Down 2.3 %

NASDAQ PENN opened at $20.18 on Wednesday. The business’s fifty day simple moving average is $19.93 and its 200-day simple moving average is $19.38. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The firm has a market cap of $3.08 billion, a PE ratio of -5.67, a P/E/G ratio of 1.46 and a beta of 2.08. PENN Entertainment, Inc. has a 52 week low of $13.50 and a 52 week high of $24.57.

PENN Entertainment (NASDAQ:PENN) last issued its earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.04. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. PENN Entertainment’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that PENN Entertainment, Inc. will post -1.57 earnings per share for the current year.

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.