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

Landscape Capital Management L.L.C. raised its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 65.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 56,763 shares of the company’s stock after purchasing an additional 22,548 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in PENN Entertainment were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PENN. IFP Advisors Inc grew its position in PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after acquiring an additional 1,052 shares in the last quarter. Modus Advisors LLC purchased a new stake in PENN Entertainment during the fourth quarter valued at about $63,000. Lee Danner & Bass Inc. bought a new stake in PENN Entertainment during the fourth quarter worth about $92,000. KBC Group NV boosted its holdings in shares of PENN Entertainment by 36.5% in the 4th quarter. KBC Group NV now owns 5,501 shares of the company’s stock worth $109,000 after purchasing an additional 1,470 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of PENN Entertainment by 914.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,492 shares of the company’s stock valued at $119,000 after purchasing an additional 5,852 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

PENN has been the subject of several research reports. Mizuho upped their target price on PENN Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $27.00 in a research note on Friday, December 13th. Wells Fargo & Company increased their target price on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Needham & Company LLC lowered their price target on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Macquarie reaffirmed an “outperform” rating and set a $26.00 price objective on shares of PENN Entertainment in a research note on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.56.

PENN Entertainment Stock Down 7.5 %

Shares of NASDAQ PENN opened at $14.29 on Friday. The firm has a fifty day simple moving average of $19.25 and a two-hundred day simple moving average of $19.49. PENN Entertainment, Inc. has a 12 month low of $13.25 and a 12 month high of $23.08. 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 firm has a market capitalization of $2.19 billion, a PE ratio of -4.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.96.

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.