PENN Entertainment, Inc. (NASDAQ:PENN) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its position in PENN Entertainment, Inc. (NASDAQ:PENN) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,599 shares of the company’s stock after selling 17,917 shares during the quarter. Avantax Advisory Services Inc.’s holdings in PENN Entertainment were worth $864,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in PENN Entertainment in the fourth quarter valued at approximately $596,000. Janus Henderson Group PLC raised its holdings in PENN Entertainment by 244.7% in the third quarter. Janus Henderson Group PLC now owns 249,106 shares of the company’s stock valued at $4,697,000 after acquiring an additional 176,844 shares in the last quarter. Quantbot Technologies LP raised its holdings in PENN Entertainment by 84.7% in the third quarter. Quantbot Technologies LP now owns 208,094 shares of the company’s stock valued at $3,925,000 after acquiring an additional 95,423 shares in the last quarter. Verition Fund Management LLC raised its holdings in PENN Entertainment by 367.2% in the third quarter. Verition Fund Management LLC now owns 452,988 shares of the company’s stock valued at $8,543,000 after acquiring an additional 356,029 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in PENN Entertainment by 8.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company’s stock valued at $11,851,000 after acquiring an additional 46,209 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Stock Performance

Shares of PENN opened at $17.16 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $2.62 billion, a P/E ratio of -4.83, a P/E/G ratio of 1.55 and a beta of 2.19. The company’s fifty day moving average is $20.01 and its two-hundred day moving average is $19.64. PENN Entertainment, Inc. has a 1 year low of $13.50 and a 1 year high of $23.08.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PENN shares. Mizuho increased their price target on shares of PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Macquarie reiterated an “outperform” rating and issued a $26.00 price target on shares of PENN Entertainment in a research note on Friday, February 28th. Jefferies Financial Group increased their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Stifel Nicolaus dropped their price target on shares of PENN Entertainment from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.56.

PENN Entertainment 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.