Seven Six Capital Management LLC Buys Shares of 160,600 PENN Entertainment, Inc. $PENN

Seven Six Capital Management LLC bought a new stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 160,600 shares of the company’s stock, valued at approximately $2,369,000. PENN Entertainment makes up approximately 2.4% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hill Path Capital LP raised its position in shares of PENN Entertainment by 64.4% in the 3rd quarter. Hill Path Capital LP now owns 5,759,820 shares of the company’s stock worth $110,934,000 after acquiring an additional 2,257,000 shares in the last quarter. Invenomic Capital Management LP raised its position in shares of PENN Entertainment by 6.9% in the 3rd quarter. Invenomic Capital Management LP now owns 1,569,939 shares of the company’s stock worth $30,237,000 after acquiring an additional 101,028 shares in the last quarter. SG Americas Securities LLC raised its position in shares of PENN Entertainment by 330.0% in the 4th quarter. SG Americas Securities LLC now owns 149,710 shares of the company’s stock worth $2,208,000 after acquiring an additional 114,892 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of PENN Entertainment in the 4th quarter worth $6,376,000. Finally, CWM LLC raised its position in shares of PENN Entertainment by 1,055.9% in the 4th quarter. CWM LLC now owns 92,056 shares of the company’s stock worth $1,358,000 after acquiring an additional 84,092 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

PENN Entertainment Stock Up 0.1%

Shares of PENN stock opened at $21.86 on Wednesday. PENN Entertainment, Inc. has a 1-year low of $11.65 and a 1-year high of $22.36. The stock’s fifty day moving average price is $17.47 and its 200 day moving average price is $15.27. The company has a debt-to-equity ratio of 3.94, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -3.25, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44.

PENN Entertainment (NASDAQ:PENN) last announced its earnings results on Thursday, April 23rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. PENN Entertainment had a positive return on equity of 0.44% and a negative net margin of 13.55%.The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect that PENN Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PENN. Wells Fargo & Company boosted their price target on PENN Entertainment from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Citigroup boosted their price target on PENN Entertainment from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Morgan Stanley boosted their price target on PENN Entertainment from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Wall Street Zen raised PENN Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on PENN Entertainment from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.43.

PENN Entertainment Company Profile

PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.