Contrarius Investment Management Ltd lowered its stake in shares of PENN Entertainment, Inc. ( NASDAQ:PENN – Get Rating ) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 683,132 shares of the company's stock after selling 371,118 shares during the period. PENN Entertainment accounts for 1.2% of Contrarius Investment Management Ltd's investment portfolio, making the stock its 19th largest position. Contrarius Investment Management Ltd's holdings in PENN Entertainment were worth $20,289,000 as of its most recent filing with the SEC.

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