NumerixS Investment Technologies Inc cut its position in Penn National Gaming, Inc (NASDAQ:PENN) by 69.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,601 shares of the company’s stock after selling 26,199 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Penn National Gaming were worth $223,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in PENN. Bessemer Group Inc. acquired a new stake in Penn National Gaming during the 2nd quarter valued at $29,000. MUFG Americas Holdings Corp acquired a new stake in Penn National Gaming during the 2nd quarter valued at $34,000. Quantamental Technologies LLC acquired a new stake in Penn National Gaming during the 2nd quarter valued at $57,000. Manchester Capital Management LLC acquired a new stake in Penn National Gaming during the 1st quarter valued at $63,000. Finally, Pearl River Capital LLC acquired a new stake in Penn National Gaming during the 2nd quarter valued at $130,000. 99.39% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Wolfe Research assumed coverage on Penn National Gaming in a report on Friday, June 14th. They set a “peer perform” rating for the company. Susquehanna Bancshares assumed coverage on Penn National Gaming in a report on Wednesday, July 24th. They set a “positive” rating and a $25.00 price target for the company. Deutsche Bank reaffirmed a “buy” rating and set a $27.00 price target on shares of Penn National Gaming in a report on Sunday, August 4th. Union Gaming Research raised Penn National Gaming from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Morgan Stanley set a $27.00 price target on Penn National Gaming and gave the company a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.02.
Shares of PENN traded down $0.26 during midday trading on Thursday, reaching $19.80. 36,598 shares of the stock were exchanged, compared to its average volume of 1,405,360. Penn National Gaming, Inc has a twelve month low of $16.72 and a twelve month high of $34.72. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 5.89. The company has a market cap of $2.42 billion, a P/E ratio of 21.30, a PEG ratio of 1.35 and a beta of 1.72. The stock’s 50 day simple moving average is $18.93 and its 200 day simple moving average is $20.02.
Penn National Gaming (NASDAQ:PENN) last posted its earnings results on Thursday, August 1st. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.10. Penn National Gaming had a return on equity of 7.61% and a net margin of 1.90%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue was up 60.0% on a year-over-year basis. As a group, analysts predict that Penn National Gaming, Inc will post 1.55 earnings per share for the current year.
About Penn National Gaming
Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions.
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