PENN Entertainment, Inc. (NASDAQ:PENN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 91,971 shares of the company’s stock after selling 4,411 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PENN Entertainment were worth $2,393,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cetera Advisor Networks LLC increased its holdings in PENN Entertainment by 21.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 7,719 shares of the company’s stock worth $327,000 after buying an additional 1,365 shares during the period. PNC Financial Services Group Inc. increased its holdings in PENN Entertainment by 92.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,883 shares of the company’s stock worth $674,000 after buying an additional 7,612 shares during the period. Natixis Advisors L.P. acquired a new position in PENN Entertainment in the 1st quarter worth approximately $556,000. MetLife Investment Management LLC increased its holdings in PENN Entertainment by 24.3% in the 1st quarter. MetLife Investment Management LLC now owns 45,633 shares of the company’s stock worth $1,936,000 after buying an additional 8,931 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in PENN Entertainment by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,228 shares of the company’s stock worth $943,000 after buying an additional 1,377 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Trading Up 2.5 %

Shares of NASDAQ:PENN opened at $16.54 on Friday. PENN Entertainment, Inc. has a 1 year low of $15.88 and a 1 year high of $31.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60. The business’s 50 day moving average price is $17.98 and its 200-day moving average price is $21.46.

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

Analyst Ratings Changes

Several brokerages recently weighed in on PENN. Stifel Nicolaus cut their price target on shares of PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Truist Financial lowered their price objective on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Macquarie lowered their price objective on PENN Entertainment from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Benchmark initiated coverage on PENN Entertainment in a research report on Tuesday. They issued a “hold” rating on the stock. Finally, Barclays lowered their price objective on PENN Entertainment from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PENN Entertainment has a consensus rating of “Hold” and a consensus price target of $29.80.

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.