Dynamic Technology Lab Private Ltd Purchases Shares of 90,070 PENN Entertainment, Inc. (NASDAQ:PENN)

Dynamic Technology Lab Private Ltd acquired a new position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,070 shares of the company’s stock, valued at approximately $1,699,000. Dynamic Technology Lab Private Ltd owned 0.06% of PENN Entertainment at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of PENN Entertainment by 233.6% in the second quarter. GAMMA Investing LLC now owns 1,441 shares of the company’s stock worth $28,000 after purchasing an additional 1,009 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in PENN Entertainment during the 3rd quarter worth about $45,000. Quest Partners LLC bought a new position in shares of PENN Entertainment in the 3rd quarter valued at about $56,000. International Assets Investment Management LLC increased its position in shares of PENN Entertainment by 1,634.8% in the third quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock valued at $61,000 after acquiring an additional 3,057 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in PENN Entertainment during the second quarter worth about $83,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Analyst Ratings Changes

PENN has been the topic of several recent analyst reports. Bank of America initiated coverage on PENN Entertainment in a research report on Wednesday, November 13th. They set a “neutral” rating and a $22.00 price target on the stock. Craig Hallum restated a “buy” rating and set a $30.00 target price on shares of PENN Entertainment in a report on Tuesday, October 8th. Truist Financial decreased their price objective on shares of PENN Entertainment from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Susquehanna dropped their target price on shares of PENN Entertainment from $26.00 to $25.00 and set a “positive” rating on the stock in a report on Monday, November 4th. Finally, Benchmark reiterated a “hold” rating on shares of PENN Entertainment in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.29.

Insider Buying and Selling

In other news, Director Anuj Dhanda acquired 15,000 shares of PENN Entertainment stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $18.40 per share, for a total transaction of $276,000.00. Following the completion of the purchase, the director now directly owns 31,523 shares of the company’s stock, valued at approximately $580,023.20. This represents a 90.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Handler bought 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $17.51 per share, with a total value of $175,100.00. Following the completion of the transaction, the director now directly owns 293,450 shares in the company, valued at approximately $5,138,309.50. This represents a 3.53 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 79,200 shares of company stock valued at $1,450,548 over the last 90 days. 2.19% of the stock is owned by corporate insiders.

PENN Entertainment Stock Up 3.2 %

PENN stock opened at $21.17 on Tuesday. The business’s fifty day moving average price is $19.49 and its two-hundred day moving average price is $18.70. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -5.96 and a beta of 2.09. PENN Entertainment, Inc. has a fifty-two week low of $13.50 and a fifty-two week high of $27.20. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.04. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that PENN Entertainment, Inc. will post -1.53 earnings per share for the current year.

PENN Entertainment Company 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.