Penn National Gaming, Inc (PENN) Position Boosted by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Penn National Gaming, Inc (NASDAQ:PENN) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,787 shares of the company’s stock after acquiring an additional 4,400 shares during the quarter. Rhumbline Advisers owned 0.19% of Penn National Gaming worth $4,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HAP Trading LLC lifted its holdings in shares of Penn National Gaming by 42.0% in the 2nd quarter. HAP Trading LLC now owns 249,386 shares of the company’s stock worth $5,337,000 after buying an additional 73,752 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Penn National Gaming by 15.9% in the 2nd quarter. Voya Investment Management LLC now owns 39,066 shares of the company’s stock worth $836,000 after buying an additional 5,354 shares during the period. Strs Ohio purchased a new stake in shares of Penn National Gaming in the 3rd quarter worth $3,508,000. State Street Corp lifted its holdings in shares of Penn National Gaming by 8.6% in the 2nd quarter. State Street Corp now owns 1,971,391 shares of the company’s stock worth $42,183,000 after buying an additional 156,455 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of Penn National Gaming by 9.8% in the 1st quarter. Teachers Advisors LLC now owns 136,251 shares of the company’s stock worth $2,511,000 after buying an additional 12,186 shares during the period. Institutional investors own 97.64% of the company’s stock.

Shares of Penn National Gaming, Inc (NASDAQ PENN) opened at $28.59 on Wednesday. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $2,625.38, a price-to-earnings ratio of 38.95, a P/E/G ratio of 7.32 and a beta of 1.04. Penn National Gaming, Inc has a 12 month low of $13.00 and a 12 month high of $29.84.

Several brokerages have weighed in on PENN. Morgan Stanley upped their target price on Penn National Gaming from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Barclays upped their target price on Penn National Gaming from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. BidaskClub upgraded Penn National Gaming from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research cut Penn National Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Telsey Advisory Group cut Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.55.

In related news, insider Jay A. Snowden sold 110,000 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the completion of the sale, the insider now directly owns 46,281 shares in the company, valued at approximately $1,160,264.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Wilmott sold 1,661 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $24.01, for a total value of $39,880.61. The disclosure for this sale can be found here. Insiders have sold a total of 350,813 shares of company stock valued at $8,441,682 over the last 90 days. 10.17% of the stock is currently owned by company insiders.

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About Penn National Gaming

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.

Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

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