Shares of Penn National Gaming, Inc (NASDAQ:PENN) saw unusually-high trading volume on Monday . Approximately 2,769,894 shares traded hands during mid-day trading, an increase of 122% from the previous session’s volume of 1,247,920 shares.The stock last traded at $28.79 and had previously closed at $28.53.

A number of research analysts have recently issued reports on the stock. TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research report on Monday, November 13th. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Saturday, October 7th. Morgan Stanley lifted their price objective on shares of Penn National Gaming from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Telsey Advisory Group downgraded shares of Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price objective on the stock. in a research report on Friday, October 27th. Finally, Barclays lifted their price objective on shares of Penn National Gaming from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Penn National Gaming currently has a consensus rating of “Hold” and an average price target of $22.55.

The company has a market cap of $2,622.64, a PE ratio of 38.90, a price-to-earnings-growth ratio of 7.31 and a beta of 1.04. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 18.36.

In related news, insider Jay A. Snowden sold 110,000 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $25.07, for a total value of $2,757,700.00. Following the completion of the transaction, the insider now directly owns 46,281 shares in the company, valued at approximately $1,160,264.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy J. Wilmott sold 4,900 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $23.02, for a total transaction of $112,798.00. Following the transaction, the chief executive officer now owns 460,600 shares of the company’s stock, valued at $10,603,012. The disclosure for this sale can be found here. Over the last quarter, insiders sold 350,813 shares of company stock valued at $8,441,682. Company insiders own 10.17% of the company’s stock.

A number of large investors have recently bought and sold shares of PENN. Teachers Advisors LLC boosted its stake in Penn National Gaming by 9.8% during the first quarter. Teachers Advisors LLC now owns 136,251 shares of the company’s stock worth $2,511,000 after buying an additional 12,186 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Penn National Gaming by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 817,726 shares of the company’s stock worth $15,071,000 after purchasing an additional 63,458 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Penn National Gaming during the second quarter worth about $220,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Penn National Gaming during the second quarter worth about $418,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of Penn National Gaming by 23.2% during the second quarter. Great West Life Assurance Co. Can now owns 140,572 shares of the company’s stock worth $3,006,000 after purchasing an additional 26,470 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

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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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