4,655 Shares in PENN Entertainment, Inc. (NASDAQ:PENN) Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. acquired a new position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,655 shares of the company’s stock, valued at approximately $92,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Contrarius Group Holdings Ltd bought a new stake in PENN Entertainment during the fourth quarter worth about $34,994,000. Swiss National Bank raised its stake in PENN Entertainment by 0.6% during the fourth quarter. Swiss National Bank now owns 269,284 shares of the company’s stock worth $5,337,000 after acquiring an additional 1,500 shares in the last quarter. AlphaQuest LLC raised its stake in PENN Entertainment by 379.7% during the fourth quarter. AlphaQuest LLC now owns 14,234 shares of the company’s stock worth $282,000 after acquiring an additional 11,267 shares in the last quarter. Inceptionr LLC acquired a new position in PENN Entertainment during the fourth quarter worth about $272,000. Finally, Raymond James Financial Inc. acquired a new position in PENN Entertainment during the fourth quarter worth about $17,804,000. Institutional investors own 91.69% of the company’s stock.

Analyst Ratings Changes

PENN has been the subject of several research analyst reports. Mizuho boosted their target price on PENN Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Needham & Company LLC lowered their target price on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Macquarie reissued an “outperform” rating and set a $26.00 target price on shares of PENN Entertainment in a research note on Friday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised PENN Entertainment from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $27.00 in a research note on Friday, December 13th. Ten investment 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 Price Performance

PENN Entertainment stock opened at $17.37 on Friday. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -4.89, a PEG ratio of 1.55 and a beta of 2.19. PENN Entertainment, Inc. has a 52-week low of $13.50 and a 52-week high of $23.08. The stock’s 50 day moving average price is $19.98 and its two-hundred day moving average price is $19.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.

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.