Great West Life Assurance Co. Can Buys 24,375 Shares of Penn National Gaming, Inc (PENN)

Great West Life Assurance Co. Can boosted its stake in Penn National Gaming, Inc (NASDAQ:PENN) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,947 shares of the company’s stock after purchasing an additional 24,375 shares during the period. Great West Life Assurance Co. Can owned approximately 0.18% of Penn National Gaming worth $3,834,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GRT Capital Partners L.L.C. boosted its position in Penn National Gaming by 0.5% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 19,086 shares of the company’s stock valued at $408,000 after buying an additional 86 shares during the last quarter. Amalgamated Bank boosted its position in Penn National Gaming by 3.8% in the 2nd quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock valued at $235,000 after buying an additional 405 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Penn National Gaming by 6.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after buying an additional 482 shares during the last quarter. Turner Investments LLC boosted its position in Penn National Gaming by 6.3% in the 2nd quarter. Turner Investments LLC now owns 17,000 shares of the company’s stock valued at $364,000 after buying an additional 1,000 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Penn National Gaming by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 436,175 shares of the company’s stock valued at $9,334,000 after buying an additional 1,587 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Penn National Gaming, Inc (PENN) opened at $28.53 on Monday. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82. Penn National Gaming, Inc has a 12-month low of $13.00 and a 12-month high of $29.84. The company has a market cap of $2,598.96, a PE ratio of 38.55, a PEG ratio of 7.25 and a beta of 1.04.

In other Penn National Gaming news, CEO Timothy J. Wilmott sold 4,900 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $23.02, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Wilmott sold 5,400 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $23.02, for a total transaction of $124,308.00. Following the completion of the transaction, the chief executive officer now directly owns 460,600 shares in the company, valued at approximately $10,603,012. The disclosure for this sale can be found here. Insiders have sold 350,813 shares of company stock worth $8,441,682 in the last ninety days. Corporate insiders own 10.17% of the company’s stock.

A number of equities analysts have weighed in 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. Telsey Advisory Group upped their price objective on shares of Penn National Gaming from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Saturday, October 7th. Barclays increased their price target 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. Finally, Morgan Stanley increased their price target 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. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.55.

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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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