Xponance Inc. Has $470,000 Stock Holdings in PENN Entertainment, Inc. (NASDAQ:PENN)

Xponance Inc. decreased its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,066 shares of the company’s stock after selling 4,375 shares during the quarter. Xponance Inc.’s holdings in PENN Entertainment were worth $470,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in PENN Entertainment during the 4th quarter valued at $32,000. Huntington National Bank lifted its holdings in PENN Entertainment by 324.8% during the 3rd quarter. Huntington National Bank now owns 1,402 shares of the company’s stock valued at $32,000 after purchasing an additional 1,072 shares during the last quarter. Signaturefd LLC lifted its holdings in PENN Entertainment by 60.8% during the 3rd quarter. Signaturefd LLC now owns 1,922 shares of the company’s stock valued at $44,000 after purchasing an additional 727 shares during the last quarter. Tyler Stone Wealth Management lifted its holdings in shares of PENN Entertainment by 34.0% during the third quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock worth $45,000 after buying an additional 500 shares in the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of PENN Entertainment during the third quarter worth $46,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded PENN Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Truist Financial raised PENN Entertainment from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday. Barclays decreased their price target on PENN Entertainment from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a research report on Tuesday. Finally, Needham & Company LLC decreased their target price on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.80.

PENN Entertainment Price Performance

Shares of PENN opened at $16.86 on Friday. PENN Entertainment, Inc. has a 52-week low of $15.88 and a 52-week high of $31.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day moving average price is $17.58 and its two-hundred day moving average price is $21.33.

PENN Entertainment (NASDAQ:PENN) last issued its earnings results on Thursday, February 15th. The company reported ($1.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). PENN Entertainment had a positive return on equity of 1.31% and a negative net margin of 7.70%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.54 billion. Research analysts forecast that PENN Entertainment, Inc. will post -0.9 EPS for the current year.

PENN Entertainment Company Profile

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.