BidaskClub downgraded shares of Penn National Gaming (NASDAQ:PENN) from a buy rating to a hold rating in a research note released on Saturday.
Other analysts have also recently issued reports about the company. Deutsche Bank upped their price target on Penn National Gaming from $29.00 to $32.00 in a research note on Monday, December 18th. TheStreet upgraded Penn National Gaming from a c+ rating to a b+ rating in a research report on Monday, November 13th. Jefferies Group reiterated a buy rating and issued a $35.00 price objective on shares of Penn National Gaming in a research report on Tuesday, February 6th. Union Gaming Research boosted their price objective on Penn National Gaming to $35.00 and gave the company a buy rating in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $33.00 price objective on shares of Penn National Gaming in a research report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $30.60.
Shares of Penn National Gaming (NASDAQ:PENN) opened at $27.18 on Friday. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $2,431.31, a PE ratio of 5.16 and a beta of 1.05. Penn National Gaming has a 52 week low of $14.19 and a 52 week high of $33.30.
In other Penn National Gaming news, Director Jane Scaccetti acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $27.51 per share, for a total transaction of $68,775.00. Following the transaction, the director now owns 14,831 shares of the company’s stock, valued at $408,000.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.17% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. PHH Investments Ltd. acquired a new position in Penn National Gaming during the 4th quarter worth approximately $235,000. MetLife Investment Advisors LLC acquired a new position in Penn National Gaming during the 4th quarter worth approximately $1,244,000. PEAK6 Investments L.P. acquired a new position in Penn National Gaming during the 4th quarter worth approximately $1,758,000. TIAA CREF Investment Management LLC boosted its position in Penn National Gaming by 33.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 517,395 shares of the company’s stock worth $16,210,000 after acquiring an additional 129,134 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Penn National Gaming by 9.8% during the 4th quarter. Raymond James & Associates now owns 64,856 shares of the company’s stock worth $2,032,000 after acquiring an additional 5,789 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.
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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