Nisa Investment Advisors LLC Purchases 2,085 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Nisa Investment Advisors LLC increased its position in PENN Entertainment, Inc. (NASDAQ:PENN) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,590 shares of the company’s stock after buying an additional 2,085 shares during the period. Nisa Investment Advisors LLC’s holdings in PENN Entertainment were worth $432,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC acquired a new position in PENN Entertainment in the first quarter worth approximately $50,000. Money Concepts Capital Corp increased its holdings in PENN Entertainment by 85.4% in the fourth quarter. Money Concepts Capital Corp now owns 1,309 shares of the company’s stock worth $39,000 after buying an additional 603 shares during the last quarter. International Assets Investment Management LLC acquired a new position in PENN Entertainment in the third quarter worth approximately $29,000. Quarry LP increased its holdings in PENN Entertainment by 95.1% in the second quarter. Quarry LP now owns 1,383 shares of the company’s stock worth $33,000 after buying an additional 674 shares during the last quarter. Finally, Huntington National Bank increased its holdings in PENN Entertainment by 324.8% in the third quarter. Huntington National Bank now owns 1,402 shares of the company’s stock worth $32,000 after buying an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

PENN has been the topic of a number of research reports. Benchmark initiated coverage on PENN Entertainment in a report on Tuesday. They issued a “hold” rating on the stock. StockNews.com cut PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Mizuho started coverage on PENN Entertainment in a research report on Tuesday, March 26th. They set a “buy” rating and a $29.00 target price for the company. Needham & Company LLC decreased their target price on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Finally, Morgan Stanley upped their target price on PENN Entertainment from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, PENN Entertainment presently has a consensus rating of “Hold” and a consensus target price of $30.47.

PENN Entertainment Stock Down 1.7 %

Shares of PENN stock opened at $16.26 on Thursday. The stock has a market cap of $2.48 billion, a P/E ratio of -4.47 and a beta of 2.06. PENN Entertainment, Inc. has a one year low of $15.88 and a one year high of $31.63. The stock has a fifty day moving average price of $18.24 and a 200 day moving average price of $21.54. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 1.11.

PENN Entertainment (NASDAQ:PENN) last issued its earnings results on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing the consensus estimate of ($0.57) by ($1.18). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. PENN Entertainment had a positive return on equity of 1.31% and a negative net margin of 7.70%. Analysts predict that PENN Entertainment, Inc. will post -0.86 earnings per share for the current year.

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.