California Public Employees Retirement System Has $9.47 Million Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

California Public Employees Retirement System cut its stake in PENN Entertainment, Inc. (NASDAQ:PENNGet Rating) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 311,137 shares of the company’s stock after selling 7,677 shares during the period. California Public Employees Retirement System owned approximately 0.20% of PENN Entertainment worth $9,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PENN. San Luis Wealth Advisors LLC bought a new stake in PENN Entertainment during the 1st quarter worth about $26,000. Archer Investment Corp lifted its position in PENN Entertainment by 1,694.9% during the 2nd quarter. Archer Investment Corp now owns 1,059 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in PENN Entertainment during the 1st quarter worth about $50,000. Canada Pension Plan Investment Board lifted its position in PENN Entertainment by 44.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,592 shares of the company’s stock worth $68,000 after buying an additional 493 shares in the last quarter. Finally, Standard Family Office LLC bought a new stake in PENN Entertainment during the 1st quarter worth about $71,000. 82.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on PENN shares. CBRE Group cut their price target on shares of PENN Entertainment from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. Barclays upped their target price on shares of PENN Entertainment from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Truist Financial dropped their target price on shares of PENN Entertainment from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Canaccord Genuity Group started coverage on shares of PENN Entertainment in a report on Thursday, October 6th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company dropped their target price on shares of PENN Entertainment from $38.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, October 21st. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.63.

PENN Entertainment Stock Performance

Shares of NASDAQ:PENN opened at $36.13 on Wednesday. The company’s 50 day moving average price is $31.29 and its two-hundred day moving average price is $31.86. PENN Entertainment, Inc. has a 12-month low of $25.49 and a 12-month high of $54.08. The firm has a market cap of $5.60 billion, a PE ratio of 25.44, a PEG ratio of 1.72 and a beta of 2.19. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.87.

About PENN Entertainment

(Get Rating)

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet.

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Institutional Ownership by Quarter for PENN Entertainment (NASDAQ:PENN)

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