Landscape Capital Management L.L.C. Purchases 22,548 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Landscape Capital Management L.L.C. lifted its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 65.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,763 shares of the company’s stock after purchasing an additional 22,548 shares during the period. Landscape Capital Management L.L.C.’s holdings in PENN Entertainment were worth $1,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in PENN Entertainment by 201.5% in the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock valued at $31,000 after buying an additional 1,052 shares during the last quarter. Modus Advisors LLC bought a new position in shares of PENN Entertainment in the fourth quarter valued at approximately $63,000. Lee Danner & Bass Inc. purchased a new stake in shares of PENN Entertainment during the fourth quarter valued at approximately $92,000. KBC Group NV lifted its holdings in PENN Entertainment by 36.5% during the fourth quarter. KBC Group NV now owns 5,501 shares of the company’s stock worth $109,000 after acquiring an additional 1,470 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in PENN Entertainment by 914.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company’s stock worth $119,000 after purchasing an additional 5,852 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

PENN Entertainment Stock Down 7.5 %

Shares of NASDAQ:PENN opened at $14.29 on Friday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -4.03, a PEG ratio of 1.55 and a beta of 1.96. PENN Entertainment, Inc. has a one year low of $13.25 and a one year high of $23.08. The firm has a fifty day moving average price of $19.25 and a two-hundred day moving average price of $19.49. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a research report on Monday, March 3rd. StockNews.com upgraded shares of PENN Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Stifel Nicolaus decreased their price target on shares of PENN Entertainment from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. Finally, Macquarie reiterated an “outperform” rating and issued a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.56.

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.