Penn National Gaming, Inc. (NASDAQ:PENN) CEO Timothy J. Wilmott sold 11,159 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $24.03, for a total value of $268,150.77. Following the completion of the transaction, the chief executive officer now directly owns 456,100 shares of the company’s stock, valued at $10,960,083. The sale was disclosed in a filing with the SEC, which is available through this link.
Penn National Gaming, Inc. (NASDAQ PENN) traded up 3.41% during mid-day trading on Friday, hitting $25.50. The stock had a trading volume of 1,844,531 shares. The company has a market cap of $2.32 billion, a P/E ratio of 32.04 and a beta of 0.97. Penn National Gaming, Inc. has a 1-year low of $11.93 and a 1-year high of $25.91. The company has a 50-day moving average price of $23.43 and a 200 day moving average price of $21.08.
Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, missing the consensus estimate 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 business had revenue of $796.50 million for the quarter, compared to the consensus estimate of $788.65 million. During the same period last year, the firm earned $0.37 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Penn National Gaming, Inc. will post $0.61 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. Telsey Advisory Group lowered Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price target for the company. in a research note on Friday. Morgan Stanley increased their price target on Penn National Gaming from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Investment Research raised Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Saturday, October 7th. BidaskClub raised Penn National Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, ValuEngine lowered Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.91.
A number of large investors have recently modified their holdings of PENN. First Trust Advisors LP bought a new stake in Penn National Gaming during the 1st quarter worth about $1,419,000. Ameriprise Financial Inc. bought a new stake in Penn National Gaming during the 1st quarter worth about $8,010,000. Parametric Portfolio Associates LLC lifted its position in Penn National Gaming by 12.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 217,624 shares of the company’s stock worth $4,011,000 after buying an additional 23,836 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Penn National Gaming during the 1st quarter worth about $128,000. Finally, Mason Street Advisors LLC bought a new stake in Penn National Gaming during the 1st quarter worth about $358,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.
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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