Nisa Investment Advisors LLC continued to hold its stake in Penn National Gaming, Inc. (NASDAQ:PENN) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,200 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Penn National Gaming were worth $441,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PENN. Nine Chapters Capital Management LLC boosted its stake in 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 valued at $326,000 after buying an additional 700 shares during the period. Van ECK Associates Corp boosted its stake in Penn National Gaming by 11.8% in the first quarter. Van ECK Associates Corp now owns 10,543 shares of the company’s stock valued at $194,000 after buying an additional 1,114 shares during the period. Adams Diversified Equity Fund Inc. boosted its stake in 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 valued at $1,426,000 after buying an additional 2,200 shares during the period. American International Group Inc. boosted its stake in Penn National Gaming by 7.1% in the first quarter. American International Group Inc. now owns 45,896 shares of the company’s stock valued at $846,000 after buying an additional 3,027 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in 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 valued at $964,000 after buying an additional 3,176 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Penn National Gaming, Inc. (NASDAQ:PENN) traded down 0.72% on Friday, reaching $20.73. The company’s stock had a trading volume of 234,329 shares. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 26.04 and a beta of 1.01. The stock has a 50 day moving average price of $20.90 and a 200-day moving average price of $18.23. Penn National Gaming, Inc. has a 1-year low of $11.93 and a 1-year high of $22.19.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. Penn National Gaming had a negative return on equity of 16.72% and a net margin of 2.39%. The company had revenue of $796.50 million for the quarter, compared to analyst estimates of $788.65 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Penn National Gaming, Inc. will post $0.62 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on the company. ValuEngine cut Penn National Gaming from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research cut Penn National Gaming from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 target price (up previously from $22.00) on shares of Penn National Gaming in a report on Thursday, June 22nd. BidaskClub cut Penn National Gaming from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Barclays PLC lifted their target price on Penn National Gaming from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Penn National Gaming currently has an average rating of “Hold” and an average price target 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.

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

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