PENN Entertainment Inc (NASDAQ: PENN) is -27.90% lower on its value in year-to-date trading and has touched a low of $13.50 and a high of $23.08 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 $15.45 in the last trading session, with the day’s loss setting it -1.16%.
Currently trading at $14.29, the stock is -14.54% and -25.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.23 million and changing -7.51% at the moment leaves the stock -26.05% off its SMA200. PENN registered -20.12% loss for a year compared to 6-month gain of -22.13%. The firm has a 50-day simple moving average (SMA 50) of $19.1946 and a 200-day simple moving average (SMA200) of $19.3235.
The stock witnessed a -25.84% loss in the last 1 month and extending the period to 3 months gives it a -25.73%, and is -15.54% 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 7.17% over the week and 5.20% over the month.
PENN Entertainment Inc (PENN) has around 23118 employees, a market worth around $2.19B and $6.58B in sales. Fwd P/E is 10.94. Profit margin for the company is -4.74%. Distance from 52-week low is 5.85% and -38.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.28%).
with sales reaching $1.71B over the same period.The EPS is expected to grow by 105.43% this year, but quarterly earnings will post 6.66% year-over-year. Quarterly sales are estimated to grow 6.34% in year-over-year returns.
PENN Entertainment Inc (PENN) Top Institutional Holders
482.0 institutions hold shares in PENN Entertainment Inc (PENN), with institutional investors hold 98.42% of the company’s shares. The shares outstanding are 152.23M, and float is at 150.84M with Short Float at 11.32%. Institutions hold 97.10% 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 11.9169% 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 9.5332% and valued at over $280.65 million, while FMR LLC holds 8.7744 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).
