Penn National Gaming, Inc (PENN) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in Penn National Gaming, Inc (NASDAQ:PENN) by 236.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,273 shares of the company’s stock after purchasing an additional 70,443 shares during the period. Schroder Investment Management Group owned about 0.11% of Penn National Gaming worth $2,327,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its position in shares of Penn National Gaming by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock worth $159,000 after acquiring an additional 482 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Penn National Gaming during the second quarter worth $206,000. Royal Bank of Canada lifted its position in shares of Penn National Gaming by 209.1% during the second quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock worth $212,000 after acquiring an additional 6,692 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Penn National Gaming during the second quarter worth $213,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Penn National Gaming by 82.8% during the third quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock worth $214,000 after acquiring an additional 4,138 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

In other news, CEO Timothy J. Wilmott sold 4,900 shares of the firm’s stock in a transaction dated 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 directly owns 460,600 shares of the company’s stock, valued at $10,603,012. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Wilmott sold 94,200 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $23.16, for a total value of $2,181,672.00. Following the transaction, the chief executive officer now directly owns 479,119 shares in the company, valued at $11,096,396.04. The disclosure for this sale can be found here. Insiders have sold 350,813 shares of company stock worth $8,441,682 over the last ninety days. Insiders own 10.17% of the company’s stock.

Several research analysts have recently weighed in on the stock. Morgan Stanley upped 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 report on Tuesday, October 24th. Barclays upped their price target on shares of Penn National Gaming from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Zacks Investment Research cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Telsey Advisory Group cut shares of Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price target on the stock. in a report on Friday, October 27th. 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 assigned a buy rating to the stock. Penn National Gaming presently has a consensus rating of “Hold” and an average target price of $22.55.

Penn National Gaming, Inc (NASDAQ:PENN) opened at $29.00 on Thursday. Penn National Gaming, Inc has a 12 month low of $13.00 and a 12 month high of $29.84. The stock has a market capitalization of $2,603.51, a PE ratio of 38.62, a PEG ratio of 7.26 and a beta of 1.04. 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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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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Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

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