State of Alaska Department of Revenue increased its position in Penn National Gaming, Inc. (NASDAQ:PENN) by 78.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,312 shares of the company’s stock after buying an additional 7,162 shares during the period. State of Alaska Department of Revenue’s holdings in Penn National Gaming were worth $349,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in PENN. Nine Chapters Capital Management LLC raised its position in shares of Penn National Gaming by 4.1% in the first quarter. Nine Chapters Capital Management LLC now owns 17,700 shares of the company’s stock worth $326,000 after buying an additional 700 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Penn National Gaming by 11.8% in the first quarter. Van ECK Associates Corp now owns 10,543 shares of the company’s stock worth $194,000 after buying an additional 1,114 shares during the last quarter. Adams Diversified Equity Fund Inc. raised its position in shares of Penn National Gaming by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 77,400 shares of the company’s stock worth $1,426,000 after buying an additional 2,200 shares during the last quarter. American International Group Inc. raised its position in shares of Penn National Gaming by 7.1% in the first quarter. American International Group Inc. now owns 45,896 shares of the company’s stock worth $846,000 after buying an additional 3,027 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Penn National Gaming by 6.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,309 shares of the company’s stock worth $964,000 after buying an additional 3,176 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.
Shares of Penn National Gaming, Inc. (NASDAQ:PENN) traded up 1.03% during midday trading on Friday, reaching $20.52. The company’s stock had a trading volume of 1,021,076 shares. Penn National Gaming, Inc. has a 52-week low of $11.93 and a 52-week high of $22.19. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 27.65 and a beta of 1.01. The stock has a 50 day moving average price of $21.07 and a 200-day moving average price of $17.96.
Penn National Gaming (NASDAQ:PENN) last posted its earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The company had revenue of $796.50 million for the quarter, compared to the consensus estimate of $788.65 million. Penn National Gaming had a negative return on equity of 16.50% and a net margin of 2.39%. Penn National Gaming’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. Equities research analysts expect that Penn National Gaming, Inc. will post $0.64 EPS for the current year.
A number of brokerages have issued reports on PENN. ValuEngine lowered Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. BidaskClub lowered Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Deutsche Bank AG reissued a “buy” rating and set a $25.00 price target (up from $22.00) on shares of Penn National Gaming in a research report on Thursday, June 22nd. Finally, Barclays PLC upped their price target on Penn National Gaming from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.00.
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.
Receive News & Ratings for Penn National Gaming Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
