Thrivent Financial for Lutherans Has $2.29 Million Stock Position in PENN Entertainment, Inc. (NASDAQ:PENN)

Thrivent Financial for Lutherans reduced its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,652 shares of the company’s stock after selling 1,819 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of PENN Entertainment worth $2,292,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PENN. M&T Bank Corp raised its stake in shares of PENN Entertainment by 4.2% during the 3rd quarter. M&T Bank Corp now owns 12,460 shares of the company’s stock worth $235,000 after purchasing an additional 497 shares in the last quarter. Westside Investment Management Inc. raised its position in PENN Entertainment by 3.2% during the fourth quarter. Westside Investment Management Inc. now owns 19,849 shares of the company’s stock worth $393,000 after acquiring an additional 620 shares in the last quarter. XTX Topco Ltd lifted its stake in PENN Entertainment by 2.8% in the third quarter. XTX Topco Ltd now owns 23,362 shares of the company’s stock valued at $441,000 after acquiring an additional 641 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of PENN Entertainment by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 14,774 shares of the company’s stock valued at $293,000 after acquiring an additional 813 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of PENN Entertainment by 201.5% during the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after purchasing an additional 1,052 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PENN. JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a report on Thursday, January 16th. Needham & Company LLC decreased 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. StockNews.com raised PENN Entertainment from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Mizuho upped their price objective on shares of PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Finally, Macquarie reissued an “outperform” rating and issued a $26.00 price objective on shares of PENN Entertainment in a research report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.56.

PENN Entertainment Trading Down 1.2 %

Shares of PENN stock opened at $16.92 on Friday. The stock has a market cap of $2.59 billion, a P/E ratio of -4.77, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19. PENN Entertainment, Inc. has a 1 year low of $13.50 and a 1 year high of $23.08. 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 stock has a 50 day simple moving average of $19.68 and a 200 day simple moving average of $19.59.

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.