UBS Group AG Has $13.32 Million Stock Holdings in PENN Entertainment, Inc. $PENN

UBS Group AG decreased its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 903,209 shares of the company’s stock after selling 37,998 shares during the period. UBS Group AG owned 0.68% of PENN Entertainment worth $13,322,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Shapiro Capital Management LLC lifted its position in PENN Entertainment by 6.6% during the third quarter. Shapiro Capital Management LLC now owns 6,856,778 shares of the company’s stock worth $132,062,000 after acquiring an additional 425,190 shares during the last quarter. Hill Path Capital LP grew its position in shares of PENN Entertainment by 64.4% in the third quarter. Hill Path Capital LP now owns 5,759,820 shares of the company’s stock valued at $110,934,000 after purchasing an additional 2,257,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of PENN Entertainment by 74.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,930,293 shares of the company’s stock valued at $75,697,000 after purchasing an additional 1,679,953 shares during the last quarter. Earnest Partners LLC increased its stake in shares of PENN Entertainment by 0.6% during the third quarter. Earnest Partners LLC now owns 2,961,273 shares of the company’s stock worth $57,034,000 after purchasing an additional 18,099 shares during the period. Finally, Armistice Capital LLC increased its stake in shares of PENN Entertainment by 48.8% during the third quarter. Armistice Capital LLC now owns 2,103,666 shares of the company’s stock worth $40,517,000 after purchasing an additional 690,078 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Stock Performance

Shares of PENN stock opened at $15.83 on Friday. PENN Entertainment, Inc. has a twelve month low of $11.65 and a twelve month high of $20.60. The stock’s fifty day simple moving average is $15.41 and its 200 day simple moving average is $14.67. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $2.12 billion, a P/E ratio of -2.36, a P/E/G ratio of 0.52 and a beta of 1.43.

PENN Entertainment (NASDAQ:PENN) last posted its earnings results on Thursday, April 23rd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. PENN Entertainment had a positive return on equity of 0.44% and a negative net margin of 13.55%.The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. As a group, sell-side analysts predict that PENN Entertainment, Inc. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PENN has been the subject of several recent research reports. Morgan Stanley boosted their price target on PENN Entertainment from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded PENN Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of PENN Entertainment in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PENN Entertainment from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Barclays upped their price target on shares of PENN Entertainment from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.29.

About PENN Entertainment

PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.