Banco Bilbao Vizcaya Argentaria S.A. Sells 5,564 Shares of PENN Entertainment, Inc. $PENN

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 32.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,689 shares of the company’s stock after selling 5,564 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in PENN Entertainment were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PENN. Parallel Advisors LLC increased its position in PENN Entertainment by 152.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,397 shares of the company’s stock valued at $25,000 after purchasing an additional 843 shares during the period. Keybank National Association OH boosted its stake in shares of PENN Entertainment by 6.3% during the 2nd quarter. Keybank National Association OH now owns 14,655 shares of the company’s stock valued at $262,000 after purchasing an additional 870 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of PENN Entertainment by 4.5% during the second quarter. Teacher Retirement System of Texas now owns 22,011 shares of the company’s stock valued at $393,000 after buying an additional 949 shares during the period. HighTower Advisors LLC increased its position in shares of PENN Entertainment by 5.2% during the first quarter. HighTower Advisors LLC now owns 19,327 shares of the company’s stock valued at $315,000 after buying an additional 953 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in PENN Entertainment by 9.6% in the second quarter. J.Safra Asset Management Corp now owns 15,211 shares of the company’s stock worth $278,000 after buying an additional 1,334 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Stock Up 1.5%

Shares of PENN Entertainment stock opened at $13.96 on Thursday. The company has a 50-day simple moving average of $17.35 and a two-hundred day simple moving average of $17.44. The stock has a market capitalization of $1.86 billion, a PE ratio of -24.93 and a beta of 1.53. PENN Entertainment, Inc. has a 52-week low of $13.24 and a 52-week high of $23.08. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.79 and a current ratio of 0.79.

PENN Entertainment (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.12). PENN Entertainment had a negative net margin of 1.12% and a negative return on equity of 4.36%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company earned ($0.24) EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that PENN Entertainment, Inc. will post -1.61 EPS for the current fiscal year.

Analysts Set New Price Targets

PENN has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of PENN Entertainment in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on PENN Entertainment from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Citigroup restated an “outperform” rating on shares of PENN Entertainment in a report on Friday, August 8th. Stifel Nicolaus raised shares of PENN Entertainment from a “hold” rating to a “buy” rating and upped their target price for the stock from $19.00 to $21.00 in a research report on Friday, November 7th. Finally, Citizens Jmp lowered their price target on shares of PENN Entertainment from $25.00 to $24.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.00.

Insider Buying and Selling at PENN Entertainment

In other PENN Entertainment news, CEO Jay A. Snowden bought 34,700 shares of PENN Entertainment stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $14.32 per share, with a total value of $496,904.00. Following the acquisition, the chief executive officer owned 1,117,325 shares in the company, valued at approximately $16,000,094. This trade represents a 3.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gupta Vimla Black sold 7,987 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $14.51, for a total value of $115,891.37. Following the transaction, the director directly owned 25,000 shares in the company, valued at approximately $362,750. The trade was a 24.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.67% of the company’s stock.

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.