Teachers Advisors LLC increased its stake in Penn National Gaming, Inc. (NASDAQ:PENN) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,251 shares of the company’s stock after buying an additional 12,186 shares during the period. Teachers Advisors LLC’s holdings in Penn National Gaming were worth $2,511,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in Penn National Gaming during the first quarter valued at $128,000. State of Alaska Department of Revenue bought a new stake in Penn National Gaming during the first quarter valued at $168,000. Van ECK Associates Corp increased 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 in the last quarter. Janney Montgomery Scott LLC bought a new stake in Penn National Gaming during the first quarter valued at $240,000. Finally, Alambic Investment Management L.P. bought a new stake in Penn National Gaming during the first quarter valued at $297,000. 93.36% of the stock is currently owned by institutional investors.

Penn National Gaming, Inc. (NASDAQ:PENN) traded up 0.47% during mid-day trading on Wednesday, hitting $21.30. 20,889 shares of the stock traded hands. The stock has a market cap of $1.94 billion, a PE ratio of 26.76 and a beta of 1.01. Penn National Gaming, Inc. has a 12-month low of $11.93 and a 12-month high of $22.19. The company has a 50 day moving average of $20.84 and a 200-day moving average of $18.45.

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

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Several analysts have weighed in on PENN shares. Stifel Nicolaus reissued a “buy” rating and set a $23.00 target price on shares of Penn National Gaming in a research report on Friday, July 14th. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, July 5th. Deutsche Bank AG reissued a “buy” rating and set a $25.00 target price (up previously from $22.00) on shares of Penn National Gaming in a research report on Thursday, June 22nd. BidaskClub downgraded shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, ValuEngine downgraded shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Penn National Gaming currently has an average rating of “Buy” and an average price target of $21.00.

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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