361 Capital LLC Invests $2.15 Million in Penn National Gaming, Inc. (PENN) Stock

361 Capital LLC acquired a new stake in shares of Penn National Gaming, Inc. (NASDAQ:PENN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 92,035 shares of the company’s stock, valued at approximately $2,153,000. 361 Capital LLC owned about 0.10% of Penn National Gaming as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in PENN. BlackRock Inc. grew its position in Penn National Gaming by 138,953.6% during the 1st quarter. BlackRock Inc. now owns 8,898,040 shares of the company’s stock valued at $163,992,000 after purchasing an additional 8,891,641 shares during the last quarter. FMR LLC grew its position in Penn National Gaming by 689.3% during the 2nd quarter. FMR LLC now owns 5,132,702 shares of the company’s stock valued at $109,840,000 after purchasing an additional 4,482,402 shares during the last quarter. Vanguard Group Inc. grew its position in Penn National Gaming by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 6,939,822 shares of the company’s stock valued at $127,901,000 after purchasing an additional 1,043,087 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Penn National Gaming during the 2nd quarter valued at about $20,760,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Penn National Gaming by 3,365.0% during the 2nd quarter. Acadian Asset Management LLC now owns 951,792 shares of the company’s stock valued at $20,368,000 after acquiring an additional 924,323 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors.

In other Penn National Gaming news, insider Jay A. Snowden sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the sale, the insider now 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 available through this hyperlink. Also, CEO Timothy J. Wilmott sold 84,436 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $24.12, for a total transaction of $2,036,596.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 420,813 shares of company stock worth $9,924,682. 10.17% of the stock is owned by company insiders.

A number of analysts have recently issued reports on the stock. ValuEngine downgraded shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of Penn National Gaming from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Morgan Stanley raised their price target on shares of Penn National Gaming from $22.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Finally, TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b+” rating in a report on Monday, November 13th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.91.

Penn National Gaming, Inc. (NASDAQ PENN) traded down $0.09 during midday trading on Friday, reaching $27.18. 836,393 shares of the company’s stock were exchanged, compared to its average volume of 982,369. Penn National Gaming, Inc. has a 12 month low of $12.77 and a 12 month high of $27.64. The company has a market cap of $2,480.00, a PE ratio of 36.70, a price-to-earnings-growth ratio of 6.90 and a beta of 1.32. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82.

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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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Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

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