Guggenheim Capital LLC Sells 11,184 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Guggenheim Capital LLC reduced its stake in PENN Entertainment, Inc. (NASDAQ:PENN – Get Rating) by 37.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,469 shares of the company’s stock after selling 11,184 shares during the period. Guggenheim Capital LLC’s holdings in PENN Entertainment were worth $509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HG Vora Capital Management LLC grew its holdings in shares of PENN Entertainment by 114.3% during the third quarter. HG Vora Capital Management LLC now owns 7,500,000 shares of the company’s stock valued at $206,325,000 after buying an additional 4,000,000 shares during the last quarter. Contrarius Investment Management Ltd purchased a new position in PENN Entertainment during the second quarter worth about $75,776,000. Long Pond Capital LP purchased a new position in PENN Entertainment in the second quarter valued at about $38,990,000. Renaissance Technologies LLC boosted its stake in PENN Entertainment by 79.3% in the first quarter. Renaissance Technologies LLC now owns 1,789,038 shares of the company’s stock valued at $75,891,000 after acquiring an additional 791,500 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of PENN Entertainment by 52.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,660,716 shares of the company’s stock valued at $45,686,000 after purchasing an additional 574,239 shares during the period. 84.40% of the stock is owned by institutional investors.

PENN Entertainment Stock Performance

Shares of NASDAQ PENN opened at $28.30 on Friday. The firm’s 50-day moving average price is $31.95 and its 200-day moving average price is $31.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.87. The company has a market cap of $4.32 billion, a PE ratio of 21.94, a PEG ratio of 1.12 and a beta of 2.22. PENN Entertainment, Inc. has a 52-week low of $25.49 and a 52-week high of $45.41.

PENN Entertainment (NASDAQ:PENN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). PENN Entertainment had a return on equity of 5.98% and a net margin of 3.47%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. As a group, analysts anticipate that PENN Entertainment, Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling

In other PENN Entertainment news, CEO Jay A. Snowden sold 163,475 shares of PENN Entertainment stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $30.12, for a total transaction of $4,923,867.00. Following the completion of the transaction, the chief executive officer now directly owns 604,527 shares of the company’s stock, valued at $18,208,353.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other PENN Entertainment news, Director Saul Reibstein sold 39,457 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $33.39, for a total value of $1,317,469.23. Following the completion of the transaction, the director now directly owns 37,055 shares in the company, valued at $1,237,266.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jay A. Snowden sold 163,475 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $30.12, for a total transaction of $4,923,867.00. Following the transaction, the chief executive officer now owns 604,527 shares in the company, valued at approximately $18,208,353.24. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on PENN. Bank of America lowered their price target on shares of PENN Entertainment from $40.00 to $35.00 in a research report on Wednesday, January 4th. Morgan Stanley decreased their target price on shares of PENN Entertainment from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 1st. MKM Partners upped their target price on shares of PENN Entertainment from $33.00 to $35.00 in a report on Friday, February 3rd. JPMorgan Chase & Co. lowered shares of PENN Entertainment from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $38.00 to $39.00 in a report on Monday, November 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of PENN Entertainment from $35.00 to $31.00 in a report on Friday, February 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, PENN Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $40.13.

PENN Entertainment Profile

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PENN Entertainment, Inc owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, Interactive, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor.