Pacer Advisors Inc. Makes Strategic Investment in Gaming Industry Leader PENN Entertainment, Inc.

Financial Advisors


On May 3, 2023, well-known wealth management firm Pacer Advisors Inc. made a strategic investment by purchasing a new position in PENN Entertainment, Inc. (NASDAQ:PENN) in the fourth quarter of 2022. rice field. The company purchased his 29,723 shares of PENN stock worth about $883,000, according to official documents filed with the Securities and Exchange Commission (SEC).

PENN Entertainment, Inc. is a leading player in the gaming and racing industry with a focus on slot machine entertainment. The company owns and manages various gaming facilities in various regions of the United States, including the Northeast, South, West, Midwest, Interactive and Rest of the World. It boasts an impressive portfolio that includes iconic properties such as Ameristar East Chicago, Greektown Casino-Hotel and Hollywood Casino Bangor.

The NASDAQ PENN opened at $30.48 during the day’s trading session. With a market capitalization of approximately $4.7 billion, a price/earnings ratio of 23.63, and a beta of 2.21, investors should be aware that high volatility can predominate in the liquid market dynamics of the stock’s movements. Be careful.

As can be read from the performance metrics over the past year alone, Penn National Gaming appears to have experienced considerable financial ups and downs, with reported lows around $25.49, but an entry of $39 per share. It has peaked north of the point and is drawing attention from the bulls. Traders who take advantage of potential profit opportunities.

Recent Average Trading Signals Reported At $29.15 Shows Low Value Proposition For Potential Future Growth And Favorable Buyout Deals Such As This Latest Deal Between PENN Entertainment And Pacer Advisorty Inc. It shows an increasing mania within stakeholder investor groups regarding

In conclusion, it’s important to note that Pen National Gaming Industries plays an important role in the American gaming industry. With a robust portfolio of entertainment options backed by a respected management team, quickly making headlines as our experts continuously analyze and report on PENN’s enduring value proposition for investors around the world There are no obvious signs of slowing down that adorn the .

PENN Entertainment, Inc. Financial Activities and Investor Response


PENN Entertainment, Inc., a company focused on providing gaming and racing facilities and operating video game consoles, has been the focus of recent financial activity. As of May 3, 2023, PENN Entertainment is under a lot of scrutiny from research firms and investors.

Institutional investors have changed their stakes in the company, with James Investment Research Inc., Emerald Advisers LLC, Wipfli Financial Advisors LLC, Guardian Wealth Advisors LLC, and Stonebridge Capital Advisors LLC all recently purchasing new shares in PENN Entertainment. bottom. In fact, an institutional investor now owns his 84.40% of the company’s shares.

Meanwhile, director Saul Leipstein sold 39,457 shares of PENN Entertainment stock in the February 6 transaction, bringing the total deal value to $1,317,000. Reibstein now owns his 37,055 shares in the company, worth his $1.237 million. The insider owns only his 1.50% of the company’s shares.

PENN Entertainment operates through various business segments, including Northeast, South, West, Midwest, Interactive, and Other. Its northeast segment consists of properties including the Ameristar East Chicago Greektown Casino Hotel and the Hollywood Casino Bangor.

Recently, PENN Entertainment released its quarterly earnings data on February 2nd. That shows the company earned $0.13 per share in the fourth quarter. However, this missed the consensus forecast that had him predicting EPS at $0.33 ($0.20). The company’s net profit margin he recorded 3.47% and returned a stake worth 5.98%. Revenue for the quarter was approximately $1.59 billion, compared to a consensus estimate of $1.58 billion, a .8% increase in revenue compared to PENN Entertainment’s revenue numbers for the same quarter last year.

A number of research firms have recently joined PENN, with Jefferies Financial Group lowering its rating from ‘buy’ to ‘hold’ and lowering its target price from $50.00 to $34.00. Stifel Nicolaus has downgraded PENN Entertainment’s rating from ‘Buy’ to ‘Hold’ and lowered its price target from $45.00 to $35.00. Wells Fargo & Company also lowered its price target on its stock from $32.00 to $31.00, but maintained its “equal-weighted” rating.

However, MKM Partners bucked the tide and raised its price target for Penn Entertainment from $33.00 to $35.00 in its February 2023 earnings call, while Credit Suisse Group Inc. raised its price target on PENN Entertainment stock to $50.00. to $46.00, but still offered an “outperform” rating. for the company.

Seven equity research analysts gave the stock a ‘hold’ rating and 10 rated it a ‘buy’, but data provided by Bloomberg.com shows that PENN Entertainment now has an upgrade target. It holds a consensus rating of “moderate buy” that indicates it meets or exceeds the industry average of “strong buy”.

As investors speculate on the company’s next move, all eyes are on PENN Entertainment and how it can leverage market trends to remain competitive in this dynamic industry segment.



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