Rhumbline Advisers Sells 3,598 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Rhumbline Advisers reduced its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) 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

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on PENN Entertainment from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, February 11th. Benchmark reiterated a “hold” rating on shares of PENN Entertainment in a research report on Friday, November 8th. Susquehanna dropped their price target on shares of PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a research report on Monday, November 4th. StockNews.com cut shares of PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 17th. Finally, Macquarie upped their price objective on shares of PENN Entertainment from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, PENN Entertainment currently has an average rating of “Hold” and an average price target of $23.50.

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.