Penn National Gaming, Inc. (NASDAQ:PENN) Director Jane Scaccetti purchased 3,300 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was purchased at an average price of $14.34 per share, for a total transaction of $47,322.00. Following the transaction, the director now directly owns 6,857 shares in the company, valued at approximately $98,329.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Penn National Gaming, Inc. (NASDAQ:PENN) traded up 3.70% during mid-day trading on Wednesday, hitting $14.30. 713,590 shares of the stock traded hands. The firm’s 50-day moving average is $13.78 and its 200 day moving average is $13.81. Penn National Gaming, Inc. has a 52-week low of $11.93 and a 52-week high of $17.40. The firm has a market cap of $1.19 billion, a P/E ratio of 12.02 and a beta of 0.88.
Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.19. The business earned $742.90 million during the quarter, compared to analyst estimates of $747.56 million. Penn National Gaming had a negative return on equity of 18.12% and a net margin of 3.60%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) earnings per share. Equities analysts predict that Penn National Gaming, Inc. will post $0.41 EPS for the current fiscal year.
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A number of research analysts have recently issued reports on PENN shares. Telsey Advisory Group dropped their price target on shares of Penn National Gaming from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Deutsche Bank AG boosted their target price on shares of Penn National Gaming from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, December 7th. J P Morgan Chase & Co downgraded shares of Penn National Gaming from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $16.00 in a research report on Thursday, January 5th. Zacks Investment Research downgraded shares of Penn National Gaming from a “hold” rating to a “sell” rating in a research report on Thursday, December 29th. Finally, Buckingham Research assumed coverage on shares of Penn National Gaming in a research report on Friday, January 27th. They set a “buy” rating and a $17.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Penn National Gaming has a consensus rating of “Buy” and a consensus price target of $17.40.
A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of Penn National Gaming by 9.2% in the fourth quarter. Van ECK Associates Corp now owns 9,429 shares of the company’s stock valued at $130,000 after buying an additional 795 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Penn National Gaming by 12.6% in the second quarter. Teacher Retirement System of Texas now owns 9,998 shares of the company’s stock valued at $139,000 after buying an additional 1,119 shares in the last quarter. Sterling Capital Management LLC purchased a new position in shares of Penn National Gaming during the second quarter valued at approximately $242,000. Connable Office Inc. purchased a new position in shares of Penn National Gaming during the third quarter valued at approximately $252,000. Finally, Acrospire Investment Management LLC raised its position in shares of Penn National Gaming by 121.4% in the third quarter. Acrospire Investment Management LLC now owns 18,679 shares of the company’s stock valued at $253,000 after buying an additional 10,243 shares in the last quarter. 99.25% of the stock is owned by institutional investors and hedge funds.
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’s segments include the East/Midwest, the West and the Southern Plains segment. East/Midwest segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway and Plainridge Park Casino.
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