PENN Entertainment Inc (NASDAQ: PENN) is -26.36% lower on its value in year-to-date trading and has touched a low of $13.50 and a high of $27.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PENN stock was last observed hovering at around $18.24 in the last trading session, with the day’s gains setting it 0.92%.
Currently trading at $19.16, the stock is 1.45% and 0.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.07 million and changing 5.04% at the moment leaves the stock -3.46% off its SMA200. PENN registered -20.30% loss for a year compared to 6-month loss of 9.30%.
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The stock witnessed a 12.91% gain in the last 1 month and extending the period to 3 months gives it a 16.40%, and is -0.57% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.99% over the week and 4.17% over the month.
PENN Entertainment Inc (PENN) has around 23333 employees, a market worth around $2.92B and $6.28B in sales. Fwd P/E is 22.14. Profit margin for the company is -19.48%. Distance from 52-week low is 41.93% and -29.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.73%).
The EPS is expected to grow by 58.78% this year
485.0 institutions hold shares in PENN Entertainment Inc (PENN), with institutional investors hold 103.99% of the company’s shares. The shares outstanding are 151.55M, and float is at 150.93M with Short Float at 15.36%. Institutions hold 102.88% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.13 million shares valued at $350.82 million. The investor’s holdings represent 11.9326 of the PENN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 16.5 million shares valued at $319.29 million to account for 10.86 of the shares outstanding. The other top investors are HG VORA CAPITAL MANAGEMENT, LLC which holds 14.5 million shares representing 9.5458 and valued at over $280.65 million, while FMR LLC holds 8.786 of the shares totaling 13.35 million with a market value of $258.31 million.
PENN Entertainment Inc (PENN) Insider Activity
The most recent transaction is an insider purchase by Snowden Jay A, the company’s President and CEO. SEC filings show that Snowden Jay A bought 54,200 shares of the company’s common stock on Sep 03 ’24 at a price of $18.44 per share for a total of $1.0 million. Following the purchase, the insider now owns 0.85 million shares.
PENN Entertainment Inc disclosed in a document filed with the SEC on May 29 ’24 that HANDLER DAVID A (Director) bought a total of 40,000 shares of the company’s common stock. The trade occurred on May 29 ’24 and was made at $14.94 per share for $0.6 million. Following the transaction, the insider now directly holds 0.28 million shares of the PENN stock.
Still, SEC filings show that on May 06 ’24, Hendrix Felicia (EVP and CFO) acquired 16,157 shares at an average price of $15.47 for $0.25 million. The insider now directly holds 68,596 shares of PENN Entertainment Inc (PENN).
