Rhumbline Advisers reduced its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN – Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,227 shares of the company’s stock after selling 3,598 shares during the period. Rhumbline Advisers owned approximately 0.19% of PENN Entertainment worth $5,832,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in PENN. Raymond James & Associates raised its stake in PENN Entertainment by 159.1% in the third quarter. Raymond James & Associates now owns 403,699 shares of the company’s stock valued at $7,614,000 after purchasing an additional 247,873 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of PENN Entertainment by 1,634.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock valued at $61,000 after buying an additional 3,057 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of PENN Entertainment during the 3rd quarter valued at about $45,000. Nisa Investment Advisors LLC raised its holdings in shares of PENN Entertainment by 4.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,410 shares of the company’s stock valued at $328,000 after buying an additional 665 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of PENN Entertainment by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 186,900 shares of the company’s stock valued at $3,525,000 after buying an additional 1,700 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.
PENN Entertainment Price Performance
PENN opened at $20.41 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -5.75, a price-to-earnings-growth ratio of 1.55 and a beta of 2.09. The stock has a fifty day simple moving average of $20.19 and a two-hundred day simple moving average of $19.75. PENN Entertainment, Inc. has a 12-month low of $13.50 and a 12-month high of $23.08.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on PENN Entertainment
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.
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