88,648 Shares in PENN Entertainment, Inc. (NASDAQ:PENN) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new stake in PENN Entertainment, Inc. (NASDAQ:PENN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 88,648 shares of the company’s stock, valued at approximately $1,757,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of PENN Entertainment during the fourth quarter worth approximately $27,805,000. ING Groep NV bought a new position in PENN Entertainment in the 4th quarter worth approximately $9,910,000. Jennison Associates LLC lifted its holdings in PENN Entertainment by 103.9% during the 3rd quarter. Jennison Associates LLC now owns 768,503 shares of the company’s stock worth $14,494,000 after buying an additional 391,640 shares in the last quarter. Verition Fund Management LLC lifted its holdings in PENN Entertainment by 367.2% during the 3rd quarter. Verition Fund Management LLC now owns 452,988 shares of the company’s stock worth $8,543,000 after buying an additional 356,029 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in PENN Entertainment by 82.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 551,733 shares of the company’s stock valued at $10,406,000 after buying an additional 248,644 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Stock Up 5.5 %

NASDAQ:PENN opened at $21.51 on Friday. PENN Entertainment, Inc. has a 1 year low of $13.50 and a 1 year high of $23.08. The stock has a 50-day moving average price of $20.29 and a two-hundred day moving average price of $19.78. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of -6.06, a PEG ratio of 1.55 and a beta of 2.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34.

Analyst Ratings Changes

Several brokerages have recently issued reports on PENN. Stifel Nicolaus upped their price target on PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, February 11th. Bank of America assumed coverage on shares of PENN Entertainment in a research report on Wednesday, November 13th. They set a “neutral” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $27.00 in a research report on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a report on Friday, January 3rd. Finally, Macquarie reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of PENN Entertainment in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, PENN Entertainment presently has a consensus rating of “Hold” and an average price target of $23.38.

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.