Vanguard Personalized Indexing Management LLC Buys 5,239 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Vanguard Personalized Indexing Management LLC raised its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 51.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 15,492 shares of the company’s stock after purchasing an additional 5,239 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PENN Entertainment were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. L & S Advisors Inc bought a new position in shares of PENN Entertainment in the 2nd quarter worth $1,937,000. Edgestream Partners L.P. grew its holdings in shares of PENN Entertainment by 124.7% during the 2nd quarter. Edgestream Partners L.P. now owns 124,484 shares of the company’s stock valued at $2,409,000 after purchasing an additional 69,083 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PENN Entertainment by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,299,014 shares of the company’s stock valued at $25,140,000 after purchasing an additional 30,932 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of PENN Entertainment during the 2nd quarter valued at $227,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of PENN Entertainment by 62.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 434,571 shares of the company’s stock valued at $8,411,000 after purchasing an additional 167,164 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Insider Transactions at PENN Entertainment

In other PENN Entertainment news, Director David A. Handler purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $17.51 per share, with a total value of $175,100.00. Following the transaction, the director now directly owns 293,450 shares in the company, valued at approximately $5,138,309.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PENN Entertainment news, Director David A. Handler purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $17.51 per share, with a total value of $175,100.00. Following the transaction, the director now directly owns 293,450 shares in the company, valued at approximately $5,138,309.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jay A. Snowden purchased 54,200 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $18.44 per share, with a total value of $999,448.00. Following the completion of the transaction, the chief executive officer now owns 853,045 shares in the company, valued at $15,730,149.80. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 79,200 shares of company stock valued at $1,450,548. Company insiders own 2.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PENN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 target price on shares of PENN Entertainment in a report on Thursday, August 8th. Raymond James lowered shares of PENN Entertainment from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 25th. Susquehanna reaffirmed a “positive” rating and set a $26.00 target price on shares of PENN Entertainment in a report on Friday, June 21st. Stifel Nicolaus increased their target price on shares of PENN Entertainment from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Craig Hallum raised shares of PENN Entertainment from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $30.00 in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, PENN Entertainment has an average rating of “Hold” and a consensus price target of $23.77.

PENN Entertainment Stock Up 1.3 %

NASDAQ:PENN opened at $19.28 on Friday. The company has a 50-day moving average price of $18.90 and a 200-day moving average price of $18.01. PENN Entertainment, Inc. has a 12 month low of $13.50 and a 12 month high of $27.20. 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 (NASDAQ:PENN) last posted its earnings results on Thursday, August 8th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.09. PENN Entertainment had a negative net margin of 19.48% and a negative return on equity of 7.13%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the company posted $0.48 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts expect that PENN Entertainment, Inc. will post -1.32 earnings per share for the current year.

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.