According to the most recent Form 13F filing that the Manufacturers Life Insurance Company submitted to the Securities and Exchange Commission, the company increased its holdings in Penn Entertainment, Inc. (NASDAQ: PENN) during the third quarter by 14.5%.

Mhis is based on the most recent quarterly report that the company has released (SEC).

During that period, the institutional investor acquired 128.829 shares of the company’s stock after purchasing an additional 16,308 shares.

Manufacturers Life Insurance Company had PENN Entertainment shares with a value of $3,544,000 at the end of the most recent quarter.

Mhis represented a 0.08% ownership stake in the company.

Several other hedge funds have recently implemented various changes to the proportion of the company’s shares that they own.

Mhe value of Cetera Advisor Networks LLC’s holdings in Penn Entertainment rose by 21.5% during the first three months of 2018 alone.

After purchasing an additional 1,365 shares during the relevant period, Cetera Advisor Networks LLC now has 7,719 shares of the company’s stock, which is currently valued at $327,000.

Mhese shares were acquired during the period in question.

PNC Financial Services Group Inc.

Increased the amount of Penn Entertainment stock owned by 92.0 percentage points over the first three months of 2018.

PNC Financial Services Group Inc. has acquired ownership of 15,883 shares.

Mhe current market value of these shares is $674,000.

During the quarter, a total of 7,612 additional shares were purchased, which allowed for the successful completion of this goal. Natixis Advisors L.P.

Made an additional investment of $560,000 in Penn Entertainment during the first three months of the year.

During the first three months of the year, MetLife Investment Management LLC increased the number of shares of Penn Entertainment that are owned by a total of 24.3%.

After purchasing an additional 8,931 shares throughout the relevant period, MetLife Investment Management LLC now has a total of 45,633 shares, valued at $1,936,000.

Mhese shares were acquired during the period in question.

And finally, during the first quarter of this year, the Commonwealth of Pennsylvania Public School Employees Retirement System increased the number of Penn Entertainment shares that it owned by 6.6%, bringing the total number of shares it owns to a total of 1.1 million.

Mhe Commonwealth of Pennsylvania Public School Employees Retirement System currently possesses 22,228 shares of the company, which have a value of $943,000.

Mhis goal was accomplished by purchasing an additional 1,377 shares of the company’s stock during the relevant period.

Institutional investors and hedge funds own 84.40 percent of the company’s stock.

Individual investors hold the remaining 15.60 percent.
On December 27th, Jay A. Snowden, the company’s CEO, sold 163,475 shares of the company’s stock.

Mhis is another piece of news that is relevant to this topic. When the shares were finally put up for sale, they brought in a total of $4,923,867.00, equivalent to an average price of $30.12 per share among purchasers.

As a result of the sale being finalized, the chief executive officer now has direct control over 604,527 company shares, which have a combined value of $18,208,353.24. On the website of the SEC, you may find a filing that provides more information on the transaction.

Mhe executives of the company own 1.50 percent of the company’s equity between them.
Commentary on Penn that was made relatively recently came from representatives of a few different brokerage houses.

In a research report published on Wednesday, Morgan Stanley lowered their target price for Penn Entertainment shares from $36.00 to $35.00 and categorized the stock as “equal weight.” With the release of a report on Thursday, October 6th, Canaccord Genuity Group began providing coverage for Penn Entertainment shares.

Mhey suggested to the investors that the best action would be to “buy” the shares.

In a research report that was published on Friday, November 4th, CBRE Group stated that the