Penn National Gaming, Inc. (NASDAQ:PENN) CEO Timothy J. Wilmott sold 11,159 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $24.03, for a total value of $268,150.77. Following the sale, the chief executive officer now owns 456,100 shares in the company, valued at $10,960,083. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Penn National Gaming, Inc. (NASDAQ:PENN) traded up 5.13% during trading on Wednesday, reaching $25.20. The company’s stock had a trading volume of 2,000,632 shares. The company has a market cap of $2.29 billion, a PE ratio of 31.66 and a beta of 0.97. The company has a 50 day moving average of $22.81 and a 200 day moving average of $20.73. Penn National Gaming, Inc. has a 12-month low of $11.93 and a 12-month high of $25.21.
Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.72%. The business had revenue of $796.50 million for the quarter, compared to analyst estimates of $788.65 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts anticipate that Penn National Gaming, Inc. will post $0.61 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Penn National Gaming by 138,953.6% during the 1st quarter. BlackRock Inc. now owns 8,898,040 shares of the company’s stock valued at $163,992,000 after purchasing an additional 8,891,641 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Penn National Gaming by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,344,994 shares of the company’s stock valued at $157,183,000 after purchasing an additional 405,172 shares during the last quarter. FMR LLC lifted its holdings in Penn National Gaming by 689.3% during the 2nd quarter. FMR LLC now owns 5,132,702 shares of the company’s stock valued at $109,840,000 after purchasing an additional 4,482,402 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Penn National Gaming by 35.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,393,714 shares of the company’s stock valued at $51,225,000 after purchasing an additional 622,482 shares during the last quarter. Finally, State Street Corp lifted its holdings in Penn National Gaming by 8.6% during the 2nd quarter. State Street Corp now owns 1,971,391 shares of the company’s stock valued at $42,183,000 after purchasing an additional 156,455 shares during the last quarter. 95.31% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. Telsey Advisory Group boosted their price objective on Penn National Gaming from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Saturday, October 7th. BidaskClub upgraded Penn National Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine lowered Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $23.00 price objective on shares of Penn National Gaming in a research note on Friday, July 14th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.50.
Penn National Gaming Company Profile
Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.
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