Dimensional Fund Advisors LP reduced its holdings in Penn National Gaming, Inc. (NASDAQ:PENN) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,078 shares of the company’s stock after selling 648 shares during the period. Dimensional Fund Advisors LP owned about 0.90% of Penn National Gaming worth $17,486,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. GRT Capital Partners L.L.C. lifted its stake in shares of Penn National Gaming by 0.5% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 19,086 shares of the company’s stock valued at $408,000 after purchasing an additional 86 shares during the period. Amalgamated Bank lifted its stake in shares of Penn National Gaming by 3.8% in the 2nd quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock valued at $235,000 after purchasing an additional 405 shares during the period. Turner Investments LLC lifted its stake in shares of Penn National Gaming by 6.3% in the 2nd quarter. Turner Investments LLC now owns 17,000 shares of the company’s stock valued at $364,000 after purchasing an additional 1,000 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Penn National Gaming by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 436,175 shares of the company’s stock valued at $9,334,000 after purchasing an additional 1,587 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Penn National Gaming by 2.1% in the 2nd quarter. Alliancebernstein L.P. now owns 114,550 shares of the company’s stock valued at $2,451,000 after purchasing an additional 2,400 shares during the period. 93.87% of the stock is currently owned by institutional investors and hedge funds.

Penn National Gaming, Inc. (NASDAQ:PENN) opened at $26.88 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 18.36. The firm has a market cap of $2,467.78, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 6.88 and a beta of 0.97. Penn National Gaming, Inc. has a 12-month low of $12.77 and a 12-month high of $27.27.

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In other Penn National Gaming news, insider Jay A. Snowden sold 110,000 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the completion of the transaction, the insider now directly owns 46,281 shares in the company, valued at $1,160,264.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay A. Snowden sold 50,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $20.86, for a total transaction of $1,043,000.00. Following the transaction, the insider now owns 86,281 shares of the company’s stock, valued at $1,799,821.66. The disclosure for this sale can be found here. Insiders have sold 420,813 shares of company stock valued at $9,924,682 over the last 90 days. 10.17% of the stock is currently owned by company insiders.

PENN has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 target price on shares of Penn National Gaming in a research note on Friday, July 14th. BidaskClub cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Telsey Advisory Group boosted their target price on shares of Penn National Gaming from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. ValuEngine cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.91.

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.

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

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