Penn National Gaming Inc. (NASDAQ:PENN) EVP Carl Sottosanti sold 37,598 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $13.86, for a total transaction of $521,108.28. Following the sale, the executive vice president now directly owns 35,696 shares in the company, valued at $494,746.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Penn National Gaming Inc. (NASDAQ:PENN) remained flat at $13.93 during midday trading on Wednesday. 502,713 shares of the company were exchanged. 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 $1.16 billion, a PE ratio of 13.33 and a beta of 0.89. The company has a 50-day moving average price of $13.35 and a 200 day moving average price of $14.11.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.23. Penn National Gaming had a negative return on equity of 15.31% and a net margin of 3.15%. The company had revenue of $765.60 million for the quarter, compared to analysts’ expectations of $757.06 million. Penn National Gaming’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Penn National Gaming Inc. will post $1.01 earnings per share for the current year.

Several research firms have commented on PENN. Union Gaming Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. Telsey Advisory Group dropped their price objective on shares of Penn National Gaming from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of Penn National Gaming from a “hold” rating to a “sell” rating in a report on Friday, October 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.77.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Penn National Gaming by 169.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,743 shares of the company’s stock valued at $108,000 after buying an additional 4,866 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Penn National Gaming by 40.6% in the second quarter. Acrospire Investment Management LLC now owns 8,436 shares of the company’s stock valued at $118,000 after buying an additional 2,436 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Penn National Gaming during the third quarter valued at about $137,000. Teacher Retirement System of Texas boosted its stake 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 during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Penn National Gaming during the second quarter valued at about $142,000.

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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’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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