Modus Advisors LLC increased its holdings in PENN Entertainment, INC (NASDAQ: PENN) during the fourth quarter, as stated in the firm’s most recent 13F filing with the Securities and Exchange Commission (SEC).

The investment fund shelled out close to 200 thousand dollars to purchase 6,751 shares of the company’s stock.

On Thursday, February 2, the specifics of Penn Entertainment’s most recent quarterly results were made public.

The company’s stock ticker symbol is NASDAQ: PENN.

The company’s earnings per share for the quarter came in at $0.13, significantly lower than the consensus estimate of $0.33, significantly missed by a margin of $0.20.

Penn Entertainment had a return on equity of 5.98% and a net margin of 3.47%.

The company’s overall profitability was satisfactory.

The revenue the company brought in for the quarter was $1.59 billion, significantly higher than the $1.58 billion that was projected by analysts for the quarter’s total revenue.

In the same period as the previous year, the company generated earnings per share of $0.26.

During the third quarter, Penn Entertainment’s revenue showed a year-over-year increase of 0.8% compared to the previous year.

The projections of those knowledgeable in this field indicate that Penn Entertainment, INC will generate earnings of 1.44 cents per share during the current fiscal year.
NASDAQ The PENN stock began trading for $26.37 on Thursday when the market opened.

The company’s moving average over the previous 50 days is $31.76; over the previous 200 days, it is $31.75.

Penn Entertainment, INC hit an all-time low of $25.49 during the past year, while the company reached an all-time high of $45.41 during the same period.

The company has a beta value of 2.22, a P/E ratio of 20.59, and a P/E/G ratio of 1.03.

Its market capitalization was $4.02 billion price of $26.37 on Thursday when the market opened.

The company’s moving average over the previous 50 days is $31.76; over the previous 200 days, it is $31.75.

Penn Entertainment, INC hit an all-time low of $25.49 during the past year, while the company reached an all-time high of $45.41 during the same period.

The company has a beta value of 2.22, a P/E ratio of 20.59, and a P/E/G ratio of 1.03.

Its market capitalization is $4.02 billion.

The debt-to-equity ratio is 1.87, the current ratio is 1.74, and the quick ratio is 1.74.

The total amount of debt relative to the total amount of equity is 1.87.
In recent times, a modification was made to the amount of the company’s stock currently held by a select group of institutional investors.

During the second quarter, Occudo Quantitative Strategies LP saw a 260.7% rise in Penn Entertainment stock that it owned as a percentage of its overall holdings. Occudo Quantitative Strategies LP now has a total of 45,163 shares worth a combined total of $1,374,000 following the purchase of an additional 32,641 shares during the most recent quarter.

Point72 Hong Kong Ltd made a financial investment in Penn Entertainment for $309,000 during the second quarter of the fiscal year.

During the third quarter of the fiscal year, Envestnet Asset Management INC increased the percentage of Penn Entertainment stock it held in its portfolio by 22.2%.

After making additional purchases of 18,296 shares of the company’s stock during the most recent fiscal quarter, Envestnet Asset Management INC now has 100,873 shares of its stock.

The value of these shares on the market currently is $2,775,000. Commerce Bank invested in Penn Entertainment stock with a total value of $338,000 during the second quarter of the fiscal year.

In the third quarter, Boothbay Fund Management LLC made a brand-new investment in Penn Entertainment with a total value of $333,000; however, this should not be considered the least important item on this list. Currently, 84.40% of the company’s shares are owned by hedge funds and other institutional investors.

The Pennsylvania State University has been in conversation with several different research institutions.

MKM Partners increased their price target on Penn Entertainment shares from $33.00 to $35.00 in a research note published on Friday, February 3. Wells Fargo & Company upgraded Penn Entertainment from an “equal weight” rating to an “overweight” rating in a research report published on Wednesday, January 25.

The company also increased its price target for the stock to $33.00, up from $32.00.

In a research note published on Friday, January 6, Stifel Nicolaus lowered its price target for shares of Penn Entertainment from $45.00 to $35.00 and downgraded the stock from a “buy” rating to a “hold” rating.

Both of these moves were made about the company’s stock.

The research note was written about Penn Entertainment.

In a research report made public on Friday, February 3, Credit Suisse Group lowered their price target on shares of Penn Entertainment from $50.00 to $46,000.00.

It lowered the “outperform” rating they had previously assigned to the company’s stock to reflect this change. StockNews.com released a research note on Penn Entertainment shares on Thursday, after some time since the note had been published.

They suggested to the investors that the best course of action would be to “buy” the shares. Nine analysts have given the company a recommendation to buy, while only six have recommended that investors maintain their current holdings in the stock.

According to information obtained from Bloomberg.com, the stock is currently rated as having an average recommendation of “Moderate Buy,” It is projected to reach a price of $40.13 shortly.

In other news, on December 27, Jay A. Snowden, Chief Executive Officer of the company, sold 163,475 shares of the company’s stock.

This was reported in another piece of news. When the shares were finally put up for sale, they brought in a total of $4,923,867.00, equivalent to an average price of $30.12 per share among purchasers.

The transaction resulted in the company’s chief executive officer gaining ownership of 604,527 company shares, with an approximate value of $18,208,353.24.

This page contains the filing containing information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here.

In other news, on February 6, Director Saul Reibstein conducted a transaction selling 39,457 shares.

This transaction is described in more detail below.

A total of 1,317,469.23 dollars’ worth of the company’s stock was sold at an average price of $33.39 per share, leading to transactions totaling 1,317,469.23 dollars.

The director presently possesses 37,055 shares, which are estimated to have a value of approximately $1,237,266.45 at this time.

This page contains the filing containing information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here.

Also, on December 27, 163,475 shares of the company’s stock were sold by Jay A. Snowden, who serves as the company’s Chief Executive Officer. When the shares were finally put up for sale, they brought in a total of $4,923,867.00, equivalent to an average price of $30.12 per share among purchasers.

After the deal’s completion, the CEO will become the owner of 604,527 shares, each of which has a value of approximately 18,208,353.24 dollars.

Disclosures related to the sale might be found in this website section. 1.50 company insiders own a percent of the total shares currently outstanding.