WINTON GROUP Ltd Acquires New Shares in PENN Entertainment, Inc. (NASDAQ:PENN)

WINTON GROUP Ltd acquired a new stake in PENN Entertainment, Inc. (NASDAQ:PENN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,753 shares of the company’s stock, valued at approximately $227,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position 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 buying an additional 1,009 shares in the last quarter. Neo Ivy Capital Management acquired a new position in PENN Entertainment in the 4th quarter worth $40,000. J.Safra Asset Management Corp acquired a new position in PENN Entertainment in the 2nd quarter worth $83,000. TFO Wealth Partners LLC boosted its stake in PENN Entertainment by 123,033.3% in the 4th quarter. TFO Wealth Partners LLC now owns 3,694 shares of the company’s stock worth $96,000 after purchasing an additional 3,691 shares during the period. Finally, Blue Trust Inc. boosted its stake in PENN Entertainment by 18.3% in the 2nd quarter. Blue Trust Inc. now owns 10,060 shares of the company’s stock worth $183,000 after purchasing an additional 1,555 shares during the period. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Stock Down 0.8 %

PENN Entertainment stock opened at $19.62 on Thursday. The stock has a market cap of $2.99 billion, a P/E ratio of -2.63 and a beta of 2.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.35. PENN Entertainment, Inc. has a twelve month low of $13.50 and a twelve month high of $27.20. The company’s 50-day moving average price is $18.94 and its two-hundred day moving average price is $17.95.

PENN Entertainment (NASDAQ:PENN) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.09. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.65 billion. PENN Entertainment had a negative net margin of 19.48% and a negative return on equity of 7.13%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. As a group, analysts expect that PENN Entertainment, Inc. will post -1.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PENN. Macquarie reaffirmed an “outperform” rating and issued a $26.00 target price on shares of PENN Entertainment in a research note on Friday, August 9th. JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a research note on Tuesday, June 4th. Raymond James downgraded shares of PENN Entertainment from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 25th. Craig Hallum upgraded shares of PENN Entertainment from a “hold” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $30.00 in a research note on Friday, June 21st. Finally, Barclays increased their price objective on shares of PENN Entertainment from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.77.

Insider Buying and Selling at PENN Entertainment

In other PENN Entertainment news, Director David A. Handler bought 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $17.51 per share, with a total value of $175,100.00. Following the completion of the acquisition, the director now owns 293,450 shares of the company’s stock, valued at $5,138,309.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other PENN Entertainment news, CEO Jay A. Snowden bought 54,200 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of $18.44 per share, with a total value of $999,448.00. Following the completion of the acquisition, the chief executive officer now owns 853,045 shares of the company’s stock, valued at $15,730,149.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Handler bought 10,000 shares of the stock in a transaction dated 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 directly owns 293,450 shares of the company’s stock, valued at approximately $5,138,309.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 79,200 shares of company stock valued at $1,450,548 in the last three months. 2.19% of the stock is currently owned by company insiders.

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.