AlphaQuest LLC raised its position in PENN Entertainment, Inc. (NASDAQ:PENN – Free Report) by 379.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,234 shares of the company’s stock after buying an additional 11,267 shares during the quarter. AlphaQuest LLC’s holdings in PENN Entertainment were worth $282,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of PENN Entertainment in the fourth quarter valued at about $27,805,000. Raymond James Financial Inc. bought a new stake in PENN Entertainment in the 4th quarter valued at about $17,804,000. ING Groep NV acquired a new position in shares of PENN Entertainment during the 4th quarter worth approximately $9,910,000. Jennison Associates LLC increased its holdings in shares of PENN Entertainment by 103.9% during the third quarter. Jennison Associates LLC now owns 768,503 shares of the company’s stock worth $14,494,000 after purchasing an additional 391,640 shares during the period. Finally, Verition Fund Management LLC raised its position in shares of PENN Entertainment by 367.2% in the third quarter. Verition Fund Management LLC now owns 452,988 shares of the company’s stock valued at $8,543,000 after buying an additional 356,029 shares in the last quarter. Institutional investors own 91.69% of the company’s stock.
PENN Entertainment Stock Performance
Shares of PENN stock opened at $17.09 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -4.81, a PEG ratio of 1.55 and a beta of 2.19. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The business’s 50-day moving average price is $20.15 and its 200-day moving average price is $19.69. PENN Entertainment, Inc. has a 12 month low of $13.50 and a 12 month high of $23.08.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on PENN
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.
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