Total Clarity Wealth Management Inc. Grows Stake in PENN Entertainment, Inc. (NASDAQ:PENN)

Total Clarity Wealth Management Inc. raised its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN) by 40.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,462 shares of the company’s stock after purchasing an additional 7,099 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in PENN Entertainment were worth $637,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC boosted its holdings in PENN Entertainment by 1.1% in the first quarter. Guggenheim Capital LLC now owns 39,364 shares of the company’s stock worth $1,670,000 after acquiring an additional 431 shares in the last quarter. National Bank of Canada FI raised its holdings in PENN Entertainment by 12.6% in the third quarter. National Bank of Canada FI now owns 4,162 shares of the company’s stock worth $94,000 after buying an additional 466 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of PENN Entertainment by 44.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,592 shares of the company’s stock worth $68,000 after buying an additional 493 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in shares of PENN Entertainment by 34.0% during the third quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock valued at $45,000 after buying an additional 500 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in PENN Entertainment by 1.4% in the 3rd quarter. Jump Financial LLC now owns 36,289 shares of the company’s stock worth $833,000 after acquiring an additional 510 shares during the last quarter. 91.69% of the stock is owned by institutional investors.

PENN Entertainment Trading Down 2.3 %

NASDAQ PENN traded down $0.42 on Thursday, hitting $17.47. 3,486,954 shares of the stock were exchanged, compared to its average volume of 5,649,078. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -4.77 and a beta of 2.06. The company’s 50-day moving average price is $19.34 and its two-hundred day moving average price is $21.95. PENN Entertainment, Inc. has a 52-week low of $16.46 and a 52-week high of $31.63.

PENN Entertainment (NASDAQ:PENN) last announced its earnings results on Thursday, February 15th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.54 billion. PENN Entertainment had a positive return on equity of 1.31% and a negative net margin of 7.70%. Research analysts predict that PENN Entertainment, Inc. will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com cut PENN Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Needham & Company LLC cut their price target on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Truist Financial reduced their price target on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Stifel Nicolaus reduced their price target on PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Finally, Mizuho initiated coverage on shares of PENN Entertainment in a research note on Tuesday, March 26th. They set a “buy” rating and a $29.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.31.

About PENN Entertainment

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.