Investors have been busy with PENN Entertainment's stock. Connor Clark & Lunn Investment Management Ltd. significantly reduced its holdings, selling off most of its shares. They now own a much smaller piece of the company.

Other big players made different moves. Trek Financial LLC jumped in, buying a new stake worth a quarter of a million dollars. Principal Financial Group Inc. increased its holdings by a small amount. UBS AM and LMR Partners LLP also boosted their investments, with LMR Partners making a huge increase of over 600%. KBC Group NV grew its position by a good chunk as well. All these moves show that big investors are keeping a close eye on PENN Entertainment.

Analysts have been talking too. Citizens Jmp upgraded their rating, setting a target price of $24. JMP Securities bumped theirs up to $25. Stifel Nicolaus and Susquehanna also raised their price targets. Benchmark kept their "hold" rating. Most analysts think the stock is a "Moderate Buy, " with an average target price around $23. 25.

Inside the company, Director David A. Handler bought a lot of shares, increasing his ownership by over 6%. This shows confidence in the company's future.

PENN Entertainment's stock has been moving. It opened at $18. 67 recently. The company's financials show some challenges, with negative margins and a high debt-to-equity ratio. But revenue is up compared to last year. Analysts expect the company to lose money this year, but the recent quarter beat expectations.

PENN Entertainment runs casinos and online betting platforms. They operate in different regions and offer various brands. The company is trying to grow in the competitive entertainment and gaming industry.

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PENN Entertainment: Big Moves by Investors and Analysts

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