ASB Consultores LLC Buys 1,100 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

ASB Consultores LLC lifted its position in PENN Entertainment, Inc. (NASDAQ:PENN) by 8.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,200 shares of the company’s stock after purchasing an additional 1,100 shares during the period. ASB Consultores LLC’s holdings in PENN Entertainment were worth $268,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in PENN Entertainment by 4.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 17,410 shares of the company’s stock worth $328,000 after acquiring an additional 665 shares during the last quarter. United Services Automobile Association lifted its holdings in PENN Entertainment by 6.3% in the second quarter. United Services Automobile Association now owns 12,009 shares of the company’s stock worth $232,000 after buying an additional 712 shares during the period. Aaron Wealth Advisors LLC grew its holdings in shares of PENN Entertainment by 6.0% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 12,778 shares of the company’s stock worth $247,000 after acquiring an additional 720 shares during the period. Arizona State Retirement System raised its position in shares of PENN Entertainment by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 38,403 shares of the company’s stock worth $743,000 after acquiring an additional 944 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of PENN Entertainment by 233.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,441 shares of the company’s stock valued at $28,000 after purchasing an additional 1,009 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

PENN Entertainment Stock Down 3.8 %

PENN Entertainment stock opened at $18.34 on Wednesday. The stock has a market cap of $2.80 billion, a PE ratio of -2.26 and a beta of 2.09. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $18.94 and a 200 day moving average of $18.29. PENN Entertainment, Inc. has a one year low of $13.50 and a one year high of $27.20.

PENN Entertainment (NASDAQ:PENN) last announced its earnings results on Thursday, August 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.09. PENN Entertainment had a negative net margin of 19.48% and a negative return on equity of 7.13%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that PENN Entertainment, Inc. will post -1.36 EPS for the current year.

Insider Buying and Selling

In related news, Director David A. Handler acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $17.51 per share, with a total value of $175,100.00. Following the completion of the purchase, the director now directly owns 293,450 shares of the company’s stock, valued at $5,138,309.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PENN Entertainment news, CEO Jay A. Snowden purchased 54,200 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $18.44 per share, for a total transaction of $999,448.00. Following the purchase, the chief executive officer now owns 853,045 shares of the company’s stock, valued at approximately $15,730,149.80. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Handler purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $17.51 per share, for a total transaction of $175,100.00. Following the completion of the acquisition, the director now owns 293,450 shares of the company’s stock, valued at approximately $5,138,309.50. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 79,200 shares of company stock valued at $1,450,548. 2.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on PENN. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PENN Entertainment from $18.00 to $20.00 and gave the company a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company boosted their price objective on shares of PENN Entertainment from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Craig Hallum reaffirmed a “buy” rating and set a $30.00 target price on shares of PENN Entertainment in a research note on Tuesday, October 8th. Susquehanna dropped their price target on PENN Entertainment from $26.00 to $25.00 and set a “positive” rating on the stock in a research report on Monday. Finally, Barclays reduced their price objective on PENN Entertainment from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, PENN Entertainment presently has a consensus rating of “Hold” and an average price target of $22.89.

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.