PENN Entertainment Inc (NASDAQ: PENN) is 4.19% higher on its value in year-to-date trading and has touched a low of $13.50 and a high of $24.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PENN stock was last observed hovering at around $19.77 in the last trading session, with the day’s gains setting it 0.88%.
Currently trading at $20.65, the stock is 8.17% and 3.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.77 million and changing 4.45% at the moment leaves the stock 11.04% off its SMA200. PENN registered -11.22% loss for a year compared to 6-month loss of 4.19%. The firm has a 50-day simple moving average (SMA 50) of $19.911 and a 200-day simple moving average (SMA200) of $18.5858.
The stock witnessed a 6.28% gain in the last 1 month and extending the period to 3 months gives it a 11.50%, and is 4.98% up 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 7.34% over the week and 5.79% over the month.
PENN Entertainment Inc (PENN) has around 23333 employees, a market worth around $3.15B and $6.30B in sales. Fwd P/E is 32.55. Profit margin for the company is -8.51%. Distance from 52-week low is 52.96% and -15.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.85%).
with sales reaching $1.69B over the same period.The EPS is expected to grow by 53.10% this year, but quarterly earnings will post 3.71% year-over-year. Quarterly sales are estimated to grow 21.28% in year-over-year returns.
PENN Entertainment Inc (PENN) Top Institutional Holders
488.0 institutions hold shares in PENN Entertainment Inc (PENN), with institutional investors hold 100.43% of the company’s shares. The shares outstanding are 152.16M, and float is at 150.47M with Short Float at 10.85%. Institutions hold 99.31% 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 HANDLER DAVID A, the company’s Director. SEC filings show that HANDLER DAVID A bought 10,000 shares of the company’s common stock on Sep 10 ’24 at a price of $17.51 per share for a total of $0.18 million. Following the purchase, the insider now owns 0.29 million shares.
PENN Entertainment Inc disclosed in a document filed with the SEC on Sep 06 ’24 that DHANDA ANUJ (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Sep 06 ’24 and was made at $18.40 per share for $0.28 million. Following the transaction, the insider now directly holds 31523.0 shares of the PENN stock.
Still, SEC filings show that on Sep 03 ’24, Snowden Jay A (President and CEO) acquired 54,200 shares at an average price of $18.44 for $1.0 million. The insider now directly holds 853,045 shares of PENN Entertainment Inc (PENN).
