Institutional Exposure To PENN Entertainment Inc (PENN)

PENN Entertainment Inc (PENN) concluded trading on Wednesday at a closing price of $17.89, with 4.43 million shares of worth about $79.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.63% during that period and on April 3, 2024 the price saw a gain of about 1.65%. Currently the company’s common shares owned by public are about 151.55M shares, out of which, 150.89M shares are available for trading.

Stock saw a price change of 0.56% in past 5 days and over the past one month there was a price change of -0.83%. Year-to-date (YTD), PENN shares are showing a performance of -31.25% which decreased to -39.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.46 but also hit the highest price of $31.63 during that period. The average intraday trading volume for PENN Entertainment Inc shares is 5.74 million. The stock is currently trading -0.53% below its 20-day simple moving average (SMA20), while that difference is down -9.00% for SMA50 and it goes to -21.31% lower than SMA200.

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PENN Entertainment Inc (NASDAQ: PENN) currently have 151.55M outstanding shares and institutions hold larger chunk of about 91.37% of that.

The stock has a current market capitalization of $2.73B and its 3Y-monthly beta is at 2.06. It has posted earnings per share of -$3.66 in the same period. It has Quick Ratio of 1.11 while making debt-to-equity ratio of 3.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PENN, volatility over the week remained 3.28% while standing at 3.65% over the month.

Analysts are in expectations that PENN Entertainment Inc (PENN) stock would likely to be making an EPS of -$0.55 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $1.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.76 which is -$0.38 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 81.57% while it is estimated to increase by 285.34% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on March 26, 2024 offering a Buy rating for the stock and assigned a target price of $29 to it. Coverage by BofA Securities stated PENN Entertainment Inc (PENN) stock as a Buy in their note to investors on November 20, 2023, suggesting a price target of $30 for the stock. On October 12, 2023, CapitalOne Initiated their recommendations, while on August 10, 2023, Truist Downgrade their ratings for the stock with a price target of $30. Stock get a Hold rating from Craig Hallum on August 10, 2023.

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