Telsey Advisory Group began coverage on shares of Penn National Gaming (NASDAQ:PENN) in a report published on Tuesday morning, The Fly reports. The firm issued an outperform rating on the stock.
Other equities research analysts have also issued research reports about the company. Deutsche Bank upped their price target on Penn National Gaming from $29.00 to $32.00 in a research report 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 target on shares of Penn National Gaming in a research report on Tuesday, February 6th. BidaskClub lowered Penn National Gaming from a strong-buy rating to a buy rating in a research report on Friday, January 5th. Finally, Union Gaming Research upped their price target on Penn National Gaming to $35.00 and gave the company a buy rating in a research report on Wednesday, December 20th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $30.60.
Shares of Penn National Gaming (NASDAQ:PENN) opened at $26.95 on Tuesday. Penn National Gaming has a 52-week low of $14.98 and a 52-week high of $33.30. The company has a market capitalization of $2,470.00, a PE ratio of 3.46 and a beta of 1.51. The company has a debt-to-equity ratio of -64.22, a current ratio of 0.76 and a quick ratio of 0.76.
In other Penn National Gaming news, Director Jane Scaccetti bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $27.51 per share, for a total transaction of $68,775.00. Following the transaction, the director now directly owns 14,831 shares in the company, valued at $408,000.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jay A. Snowden bought 10,560 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $25.98 per share, for a total transaction of $274,348.80. Following the transaction, the insider now owns 72,567 shares in the company, valued at $1,885,290.66. The disclosure for this purchase can be found here. 10.17% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in Penn National Gaming by 0.4% in the third quarter. Principal Financial Group Inc. now owns 649,676 shares of the company’s stock worth $15,196,000 after acquiring an additional 2,544 shares in the last quarter. Aperio Group LLC boosted its holdings in Penn National Gaming by 32.2% in the fourth quarter. Aperio Group LLC now owns 13,979 shares of the company’s stock worth $438,000 after acquiring an additional 3,401 shares in the last quarter. American International Group Inc. boosted its holdings in Penn National Gaming by 6.1% in the third quarter. American International Group Inc. now owns 67,037 shares of the company’s stock worth $1,568,000 after acquiring an additional 3,835 shares in the last quarter. Swiss National Bank boosted its holdings in Penn National Gaming by 2.8% in the fourth quarter. Swiss National Bank now owns 147,800 shares of the company’s stock worth $4,631,000 after acquiring an additional 4,000 shares in the last quarter. Finally, LS Investment Advisors LLC bought a new position in Penn National Gaming in the fourth quarter worth approximately $127,000. Institutional investors own 98.54% of the company’s stock.
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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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