Sanctuary Advisors LLC Decreases Stock Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

Sanctuary Advisors LLC reduced its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,747 shares of the company’s stock after selling 6,628 shares during the period. Sanctuary Advisors LLC’s holdings in PENN Entertainment were worth $770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new stake in shares of PENN Entertainment during the third quarter valued at approximately $45,000. Quest Partners LLC purchased a new stake in shares of PENN Entertainment during the third quarter valued at approximately $56,000. International Assets Investment Management LLC increased its position in shares of PENN Entertainment by 1,634.8% during the third quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock valued at $61,000 after acquiring an additional 3,057 shares in the last quarter. Modus Advisors LLC bought a new position in shares of PENN Entertainment during the fourth quarter valued at $63,000. Finally, KBC Group NV boosted its holdings in shares of PENN Entertainment by 36.5% during the 4th quarter. KBC Group NV now owns 5,501 shares of the company’s stock valued at $109,000 after acquiring an additional 1,470 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Price Performance

PENN stock opened at $20.39 on Friday. The business has a 50 day moving average price of $20.23 and a 200 day moving average price of $19.76. PENN Entertainment, Inc. has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. 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 stock has a market cap of $3.11 billion, a price-to-earnings ratio of -5.74, a PEG ratio of 1.55 and a beta of 2.09.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Jefferies Financial Group increased their target price on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a report on Friday, January 3rd. 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 report on Friday, December 13th. Stifel Nicolaus lifted their price target on shares of PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, February 11th. Susquehanna lowered their target price on shares of PENN Entertainment from $26.00 to $25.00 and set a “positive” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America initiated coverage on shares of PENN Entertainment in a report on Wednesday, November 13th. They set a “neutral” rating and a $22.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.