4,655 Shares in PENN Entertainment, Inc. (NASDAQ:PENN) Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in PENN Entertainment, Inc. (NASDAQ:PENN) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,655 shares of the company’s stock, valued at approximately $92,000.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of PENN Entertainment in the 4th quarter worth $596,000. Janus Henderson Group PLC lifted its holdings in shares of PENN Entertainment by 244.7% in the 3rd quarter. Janus Henderson Group PLC now owns 249,106 shares of the company’s stock worth $4,697,000 after purchasing an additional 176,844 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of PENN Entertainment by 84.7% in the 3rd quarter. Quantbot Technologies LP now owns 208,094 shares of the company’s stock worth $3,925,000 after purchasing an additional 95,423 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of PENN Entertainment by 367.2% in the 3rd quarter. Verition Fund Management LLC now owns 452,988 shares of the company’s stock worth $8,543,000 after purchasing an additional 356,029 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of PENN Entertainment by 8.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company’s stock worth $11,851,000 after purchasing an additional 46,209 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PENN shares. JPMorgan Chase & Co. raised PENN Entertainment from a “neutral” rating to an “overweight” rating and increased their price target for the company from $19.00 to $27.00 in a research report on Friday, December 13th. Wells Fargo & Company increased their price target on PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Needham & Company LLC lowered their price target on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus lowered their price target on PENN Entertainment from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. Finally, Mizuho increased their price target on PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.56.

PENN Entertainment Trading Up 1.2 %

Shares of PENN opened at $17.37 on Friday. The business has a 50-day moving average of $19.98 and a 200 day moving average of $19.64. PENN Entertainment, Inc. has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The firm has a market cap of $2.66 billion, a P/E ratio of -4.89, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.

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.