Connor Clark & Lunn Investment Management Ltd. raised its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN – Get Rating) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,116 shares of the company’s stock after acquiring an additional 22,909 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in PENN Entertainment were worth $8,230,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of PENN. James Investment Research Inc. purchased a new stake in PENN Entertainment in the 4th quarter valued at about $26,000. Belpointe Asset Management LLC purchased a new stake in PENN Entertainment in the 4th quarter valued at about $45,000. Guardian Wealth Advisors LLC purchased a new stake in shares of PENN Entertainment during the 3rd quarter worth approximately $46,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of PENN Entertainment during the 1st quarter worth approximately $50,000. Finally, Emerald Advisers LLC increased its stake in shares of PENN Entertainment by 45.8% during the 4th quarter. Emerald Advisers LLC now owns 1,750 shares of the company’s stock worth $52,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 84.40% of the company’s stock.
PENN Entertainment Stock Performance
Shares of PENN opened at $24.97 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.38 and a quick ratio of 1.35. PENN Entertainment, Inc. has a one year low of $23.16 and a one year high of $39.35. The firm has a market capitalization of $3.85 billion, a P/E ratio of 6.17, a PEG ratio of 4.95 and a beta of 2.22. The business has a fifty day moving average of $27.76 and a 200 day moving average of $30.82.
Analyst Upgrades and Downgrades
About PENN Entertainment
PENN Entertainment, Inc owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, Interactive, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor.
- Get a free copy of the StockNews.com research report on PENN Entertainment (PENN)
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
- Can ULTA’s Defensive Product Line Stand Against This Down Cycle
- A Reversal Is Brewing For Medtronic: Buying The Dip
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
Want to see what other hedge funds are holding PENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PENN Entertainment, Inc. (NASDAQ:PENN – Get Rating).
Receive News & Ratings for PENN Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PENN Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.