Swiss National Bank Increases Position in PENN Entertainment, Inc. (NASDAQ:PENN)

Swiss National Bank boosted its position in PENN Entertainment, Inc. (NASDAQ:PENN) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 269,284 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Swiss National Bank owned about 0.18% of PENN Entertainment worth $5,337,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its position in shares of PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock valued at $31,000 after purchasing an additional 1,052 shares during the period. Quest Partners LLC acquired a new stake in PENN Entertainment in the 3rd quarter worth about $56,000. Modus Advisors LLC purchased a new stake in PENN Entertainment in the 4th quarter valued at about $63,000. KBC Group NV increased its stake 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. Finally, Point72 DIFC Ltd purchased a new position in shares of PENN Entertainment during the 3rd quarter worth about $124,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

PENN Entertainment Stock Performance

NASDAQ:PENN opened at $17.35 on Tuesday. PENN Entertainment, Inc. has a 1-year low of $13.50 and a 1-year high of $23.08. The stock has a market cap of $2.65 billion, a P/E ratio of -4.89, a PEG ratio of 1.55 and a beta of 2.19. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average of $19.93 and a two-hundred day moving average of $19.64.

Wall Street Analyst Weigh In

PENN has been the subject of several research analyst reports. Stifel Nicolaus dropped their price target on shares of PENN Entertainment from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a report on Thursday, January 16th. Needham & Company LLC reduced their target price on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. upgraded PENN Entertainment from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $27.00 in a research note on Friday, December 13th. Finally, Mizuho lifted their price objective on PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.56.

PENN Entertainment Company 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.