California State Teachers Retirement System Has $3.18 Million Position in Penn National Gaming, Inc (PENN)

California State Teachers Retirement System decreased its holdings in Penn National Gaming, Inc (NASDAQ:PENN) by 9.6% during the 3rd quarter, Holdings Channel reports. The firm owned 135,745 shares of the company’s stock after selling 14,473 shares during the period. California State Teachers Retirement System’s holdings in Penn National Gaming were worth $3,175,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its position in Penn National Gaming by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after acquiring an additional 482 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Penn National Gaming during the second quarter valued at $206,000. Royal Bank of Canada boosted its position in Penn National Gaming by 209.1% during the second quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock valued at $212,000 after acquiring an additional 6,692 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Penn National Gaming by 82.8% during the third quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock valued at $214,000 after acquiring an additional 4,138 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Penn National Gaming by 3.8% during the second quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock valued at $235,000 after acquiring an additional 405 shares during the last quarter. 97.53% of the stock is currently owned by institutional investors.

Penn National Gaming, Inc (NASDAQ:PENN) opened at $31.00 on Thursday. The stock has a market cap of $2,830.00, a PE ratio of 3.55, a PEG ratio of 4.11 and a beta of 1.38. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36. Penn National Gaming, Inc has a 1 year low of $13.00 and a 1 year high of $31.65.

In related news, CEO Timothy J. Wilmott sold 13,903 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $24.05, for a total value of $334,367.15. Following the sale, the chief executive officer now owns 456,100 shares in the company, valued at approximately $10,969,205. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay A. Snowden sold 110,000 shares of the company’s stock in a transaction dated 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 owns 46,281 shares in the company, valued at approximately $1,160,264.67. The disclosure for this sale can be found here. Insiders have sold a total of 137,123 shares of company stock worth $3,409,699 in the last three months. Insiders own 10.17% of the company’s stock.

PENN has been the topic of a number of research analyst reports. Deutsche Bank upped their price target on shares of Penn National Gaming from $29.00 to $32.00 in a research report on Monday, December 18th. TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research report on Monday, November 13th. BidaskClub cut shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Union Gaming Research upped their price target on shares of Penn National Gaming to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price target on shares of Penn National Gaming in a research report on Monday, December 18th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Penn National Gaming has an average rating of “Buy” and a consensus price target of $26.55.

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

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