Penn National Gaming, Inc. (NASDAQ:PENN) CEO Timothy J. Wilmott sold 23,419 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $23.27, for a total transaction of $544,960.13. Following the sale, the chief executive officer now owns 479,119 shares of the company’s stock, valued at $11,149,099.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Penn National Gaming, Inc. (NASDAQ PENN) opened at 23.39 on Friday. The firm’s 50 day moving average is $21.46 and its 200-day moving average is $19.78. The firm has a market capitalization of $2.13 billion, a PE ratio of 29.38 and a beta of 0.99. Penn National Gaming, Inc. has a 12 month low of $11.93 and a 12 month high of $23.50.

Penn National Gaming (NASDAQ:PENN) last released its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.07). The firm had revenue of $796.50 million during the quarter, compared to analysts’ expectations of $788.65 million. Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.72%. Penn National Gaming’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. On average, analysts expect that Penn National Gaming, Inc. will post $0.61 EPS for the current fiscal year.

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PENN has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $23.00 price objective on shares of Penn National Gaming in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective (up from $22.00) on shares of Penn National Gaming in a research report on Thursday, June 22nd. BidaskClub cut shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, ValuEngine cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $21.00.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Penn National Gaming by 138,953.6% during the 1st quarter. BlackRock Inc. now owns 8,898,040 shares of the company’s stock worth $163,992,000 after acquiring an additional 8,891,641 shares during the period. BlueMar Capital Management LLC purchased a new position in shares of Penn National Gaming during the 1st quarter worth about $808,000. HAP Trading LLC lifted its holdings in shares of Penn National Gaming by 42.0% during the 2nd quarter. HAP Trading LLC now owns 249,386 shares of the company’s stock worth $5,337,000 after acquiring an additional 73,752 shares during the period. Stifel Financial Corp lifted its holdings in shares of Penn National Gaming by 17.6% during the 1st quarter. Stifel Financial Corp now owns 146,352 shares of the company’s stock worth $2,729,000 after acquiring an additional 21,947 shares during the period. Finally, Peregrine Capital Management LLC lifted its holdings in shares of Penn National Gaming by 2.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 793,030 shares of the company’s stock worth $16,971,000 after acquiring an additional 15,863 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Penn National Gaming (NASDAQ:PENN)

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