National Bank of Canada FI Has $9.93 Million Stake in PENN Entertainment, Inc. (NASDAQ:PENN)

National Bank of Canada FI boosted its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 49,434.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,791 shares of the company’s stock after acquiring an additional 499,780 shares during the quarter. National Bank of Canada FI owned 0.33% of PENN Entertainment worth $9,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PENN. Proficio Capital Partners LLC acquired a new position in shares of PENN Entertainment in the 4th quarter worth approximately $596,000. Janus Henderson Group PLC boosted its stake in PENN Entertainment by 244.7% in the third quarter. Janus Henderson Group PLC now owns 249,106 shares of the company’s stock worth $4,697,000 after purchasing an additional 176,844 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of PENN Entertainment by 8.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company’s stock worth $11,851,000 after purchasing an additional 46,209 shares during the last quarter. ING Groep NV acquired a new stake in shares of PENN Entertainment in the fourth quarter valued at $9,910,000. Finally, IFP Advisors Inc raised its holdings in shares of PENN Entertainment by 201.5% in the fourth 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. 91.69% of the stock is owned by institutional investors.

PENN Entertainment Stock Performance

Shares of PENN stock opened at $14.29 on Friday. PENN Entertainment, Inc. has a 12 month low of $13.25 and a 12 month high of $23.08. The company’s fifty day simple moving average is $19.25 and its 200-day simple moving average is $19.49. The firm has a market cap of $2.19 billion, a PE ratio of -4.03, a P/E/G ratio of 1.55 and a beta of 1.96. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. Mizuho raised their price target on shares of PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a report on Monday, March 3rd. StockNews.com raised PENN Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Stifel Nicolaus cut their price target on PENN Entertainment from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently 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.