Rhumbline Advisers Sells 3,598 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Rhumbline Advisers lessened its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,227 shares of the company’s stock after selling 3,598 shares during the period. Rhumbline Advisers’ holdings in PENN Entertainment were worth $5,832,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PENN. Janus Henderson Group PLC increased its holdings in shares of PENN Entertainment by 244.7% during the third quarter. Janus Henderson Group PLC now owns 249,106 shares of the company’s stock valued at $4,697,000 after acquiring an additional 176,844 shares in the last quarter. Quantbot Technologies LP grew its position in PENN Entertainment by 84.7% during the 3rd quarter. Quantbot Technologies LP now owns 208,094 shares of the company’s stock valued at $3,925,000 after purchasing an additional 95,423 shares during the last quarter. Verition Fund Management LLC increased its stake in PENN Entertainment by 367.2% during the 3rd quarter. Verition Fund Management LLC now owns 452,988 shares of the company’s stock valued at $8,543,000 after purchasing an additional 356,029 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in PENN Entertainment by 8.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company’s stock valued at $11,851,000 after purchasing an additional 46,209 shares in the last quarter. Finally, Pathstone Holdings LLC raised its holdings in PENN Entertainment by 10.2% in the third quarter. Pathstone Holdings LLC now owns 394,244 shares of the company’s stock worth $7,435,000 after buying an additional 36,347 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PENN shares. Needham & Company LLC reiterated a “buy” rating and set a $26.00 price target on shares of PENN Entertainment in a report on Friday, November 8th. Stifel Nicolaus increased their target price on PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, February 11th. Jefferies Financial Group boosted their price target on PENN Entertainment from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Macquarie upped their price target on PENN Entertainment from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, StockNews.com downgraded PENN Entertainment from a “hold” rating to a “sell” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, PENN Entertainment has a consensus rating of “Hold” and an average price target of $23.50.

PENN Entertainment Stock Up 0.2 %

PENN opened at $20.41 on Thursday. The firm’s 50 day simple moving average is $20.19 and its two-hundred day simple moving average is $19.75. The company has a market capitalization of $3.12 billion, a PE ratio of -5.75, a PEG ratio of 1.55 and a beta of 2.09. 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.

PENN Entertainment 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.