Penn National Gaming, Inc (PENN) Director Buys $11,065.00 in Stock

Penn National Gaming, Inc (NASDAQ:PENN) Director Ronald J. Naples purchased 500 shares of Penn National Gaming stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average price of $22.13 per share, with a total value of $11,065.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $44,260. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ PENN opened at $22.58 on Friday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.85. Penn National Gaming, Inc has a 52 week low of $18.76 and a 52 week high of $36.90. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 63.61.

Penn National Gaming (NASDAQ:PENN) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). Penn National Gaming had a negative net margin of 5.41% and a negative return on equity of 6,177.13%. The business had revenue of $789.70 million for the quarter, compared to analysts’ expectations of $807.79 million. During the same period last year, the company earned $0.25 earnings per share. Penn National Gaming’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Penn National Gaming, Inc will post 0.89 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Aperio Group LLC lifted its holdings in shares of Penn National Gaming by 13.7% in the second quarter. Aperio Group LLC now owns 15,423 shares of the company’s stock worth $518,000 after buying an additional 1,859 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Penn National Gaming by 13.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,291 shares of the company’s stock worth $668,000 after buying an additional 2,415 shares in the last quarter. Strs Ohio lifted its holdings in shares of Penn National Gaming by 1.5% in the second quarter. Strs Ohio now owns 180,200 shares of the company’s stock worth $6,052,000 after buying an additional 2,600 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Penn National Gaming by 16.3% in the second quarter. United Services Automobile Association now owns 19,023 shares of the company’s stock worth $639,000 after buying an additional 2,673 shares in the last quarter. Finally, Cowen Inc. lifted its holdings in shares of Penn National Gaming by 2.8% in the second quarter. Cowen Inc. now owns 107,588 shares of the company’s stock worth $3,614,000 after buying an additional 2,911 shares in the last quarter. 79.66% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on PENN. BidaskClub upgraded shares of Penn National Gaming from a “strong sell” rating to a “sell” rating in a research report on Friday. TheStreet lowered shares of Penn National Gaming from a “b-” rating to a “c” rating in a research report on Monday, December 3rd. Zacks Investment Research downgraded shares of Penn National Gaming from a “hold” rating to a “strong sell” rating in a report on Friday, November 30th. Morgan Stanley set a $31.00 price objective on shares of Penn National Gaming and gave the company a “hold” rating in a report on Monday, November 5th. Finally, ValuEngine raised shares of Penn National Gaming from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.82.

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About Penn National Gaming

Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through Northeast, South/West, and Midwest segments. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

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

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