Quantbot Technologies LP Has $1.21 Million Stock Position in PENN Entertainment, Inc. (NASDAQ:PENN)

Quantbot Technologies LP trimmed its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 70.8% during the fourth quarter, Holdings Channel reports. The firm owned 60,866 shares of the company’s stock after selling 147,228 shares during the period. Quantbot Technologies LP’s holdings in PENN Entertainment were worth $1,206,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Lee Danner & Bass Inc. acquired a new stake in shares of PENN Entertainment in the fourth quarter valued at approximately $92,000. Contrarius Group Holdings Ltd acquired a new position in PENN Entertainment in the fourth quarter valued at approximately $34,994,000. Swiss National Bank boosted its stake in PENN Entertainment by 0.6% in the fourth quarter. Swiss National Bank now owns 269,284 shares of the company’s stock valued at $5,337,000 after acquiring an additional 1,500 shares during the last quarter. AlphaQuest LLC grew its holdings in PENN Entertainment by 379.7% during the 4th quarter. AlphaQuest LLC now owns 14,234 shares of the company’s stock worth $282,000 after acquiring an additional 11,267 shares during the period. Finally, Inceptionr LLC bought a new stake in shares of PENN Entertainment during the 4th quarter valued at $272,000. 91.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group lifted their price objective on PENN Entertainment from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, March 3rd. StockNews.com raised PENN Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Macquarie restated an “outperform” rating and set a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, February 28th. Finally, Mizuho boosted their target price on shares of PENN Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, PENN Entertainment currently has an average rating of “Hold” and a consensus target price of $23.56.

PENN Entertainment Trading Down 0.1 %

Shares of PENN Entertainment stock opened at $17.33 on Wednesday. The company’s 50-day moving average price is $19.86 and its 200-day moving average price is $19.63. The company has a market cap of $2.65 billion, a price-to-earnings ratio of -4.88, a PEG ratio of 1.55 and a beta of 2.19. 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, Inc. has a 12-month low of $13.50 and a 12-month high of $23.08.

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.