Penn National Gaming, Inc. (NASDAQ:PENN) CEO Timothy J. Wilmott sold 5,400 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $23.02, for a total transaction of $124,308.00. Following the completion of the transaction, the chief executive officer now owns 460,600 shares in the company, valued at $10,603,012. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Penn National Gaming, Inc. (PENN) traded down 0.04% during trading on Wednesday, hitting $22.79. 623,694 shares of the stock were exchanged. Penn National Gaming, Inc. has a 52 week low of $11.93 and a 52 week high of $23.08. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 28.63 and a beta of 0.99. The firm has a 50-day moving average of $21.46 and a 200-day moving average of $19.78.

Penn National Gaming (NASDAQ:PENN) last released its quarterly earnings data 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). Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.72%. The company had revenue of $796.50 million during the quarter, compared to analyst estimates of $788.65 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Penn National Gaming’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Penn National Gaming, Inc. will post $0.61 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in PENN. BlackRock Inc. grew its stake in shares of Penn National Gaming by 138,953.6% in the first quarter. BlackRock Inc. now owns 8,898,040 shares of the company’s stock valued at $163,992,000 after acquiring an additional 8,891,641 shares in the last quarter. FMR LLC grew its stake in shares of Penn National Gaming by 689.3% in the second quarter. FMR LLC now owns 5,132,702 shares of the company’s stock valued at $109,840,000 after acquiring an additional 4,482,402 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Penn National Gaming by 1,387.8% in the first quarter. JPMorgan Chase & Co. now owns 1,839,178 shares of the company’s stock valued at $33,896,000 after acquiring an additional 1,715,562 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Penn National Gaming by 310.2% in the first quarter. Bank of New York Mellon Corp now owns 1,771,232 shares of the company’s stock valued at $32,644,000 after acquiring an additional 1,339,468 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Penn National Gaming in the first quarter valued at about $22,228,000. Institutional investors and hedge funds own 95.31% of the company’s stock.

Several analysts have issued reports on PENN shares. Telsey Advisory Group raised their price target on shares of Penn National Gaming from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Instinet restated a “neutral” rating and issued a $21.00 price target (up from $19.00) on shares of Penn National Gaming in a research report on Monday, June 19th. Stifel Nicolaus restated a “buy” rating and issued a $23.00 price target on shares of Penn National Gaming in a research report on Friday, July 14th. BidaskClub upgraded shares of Penn National Gaming from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus 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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