Voya Investment Management LLC Sells 1,267 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Voya Investment Management LLC lowered its holdings in PENN Entertainment, Inc. (NASDAQ:PENN) by 6.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,888 shares of the company’s stock after selling 1,267 shares during the quarter. Voya Investment Management LLC’s holdings in PENN Entertainment were worth $374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Penn Capital Management Company LLC lifted its stake in PENN Entertainment by 4.3% in the fourth quarter. Penn Capital Management Company LLC now owns 541,767 shares of the company’s stock worth $10,738,000 after acquiring an additional 22,277 shares during the period. Orvieto Partners L.P. bought a new stake in shares of PENN Entertainment during the 4th quarter valued at about $6,739,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of PENN Entertainment during the fourth quarter valued at about $4,603,000. Long Focus Capital Management LLC raised its stake in PENN Entertainment by 3.0% in the fourth quarter. Long Focus Capital Management LLC now owns 1,545,000 shares of the company’s stock worth $30,622,000 after buying an additional 45,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in PENN Entertainment by 7.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 103,589 shares of the company’s stock worth $2,054,000 after buying an additional 7,155 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

Analysts Set New Price Targets

PENN has been the subject of a number of research analyst reports. Truist Financial lowered their target price on PENN Entertainment from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Macquarie reissued an “outperform” rating and set a $26.00 price objective on shares of PENN Entertainment in a research report on Friday, February 28th. Benchmark reiterated a “hold” rating on shares of PENN Entertainment in a research note on Monday, March 3rd. Susquehanna cut their price objective on shares of PENN Entertainment from $26.00 to $23.00 and set a “positive” rating on the stock in a report on Tuesday, April 15th. Finally, Canaccord Genuity Group lowered their target price on shares of PENN Entertainment from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.97.

PENN Entertainment Stock Up 2.0 %

PENN opened at $15.59 on Friday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -4.39, a PEG ratio of 1.55 and a beta of 1.81. The firm has a 50 day moving average price of $15.97 and a 200-day moving average price of $18.77. PENN Entertainment, Inc. has a twelve month low of $13.25 and a twelve month high of $23.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34.

PENN Entertainment (NASDAQ:PENN) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.04. PENN Entertainment had a negative return on equity of 14.44% and a negative net margin of 8.51%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the firm earned ($0.76) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts forecast that PENN Entertainment, Inc. will post -1.61 earnings per share for the current year.

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.