13,738 Shares in PENN Entertainment, Inc. (NASDAQ:PENN) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in PENN Entertainment, Inc. (NASDAQ:PENN) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 13,738 shares of the company’s stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PENN. Contrarius Group Holdings Ltd purchased a new position in PENN Entertainment in the 4th quarter worth about $34,994,000. SG Americas Securities LLC acquired a new position in shares of PENN Entertainment in the fourth quarter worth about $27,805,000. Charles Schwab Investment Management Inc. increased its position in shares of PENN Entertainment by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,337,162 shares of the company’s stock worth $26,503,000 after acquiring an additional 55,138 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of PENN Entertainment during the fourth quarter valued at approximately $17,804,000. Finally, Principal Financial Group Inc. lifted its position in shares of PENN Entertainment by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 725,147 shares of the company’s stock valued at $14,372,000 after acquiring an additional 20,662 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group lifted their price target on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Benchmark restated a “hold” rating on shares of PENN Entertainment in a report on Monday, March 3rd. Needham & Company LLC lowered their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of PENN Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, PENN Entertainment has an average rating of “Hold” and an average price target of $23.56.

PENN Entertainment Stock Performance

PENN opened at $17.12 on Friday. The stock has a market cap of $2.62 billion, a PE ratio of -4.82, a P/E/G ratio of 1.55 and a beta of 2.19. PENN Entertainment, Inc. has a 1 year low of $13.50 and a 1 year high of $23.08. The stock’s 50 day simple moving average is $19.74 and its 200-day simple moving average is $19.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34.

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.