HAP Trading LLC grew its holdings in shares of Penn National Gaming, Inc. (NASDAQ:PENN) by 42.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,386 shares of the company’s stock after buying an additional 73,752 shares during the quarter. HAP Trading LLC owned 0.27% of Penn National Gaming worth $5,337,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nine Chapters Capital Management LLC lifted its stake in Penn National Gaming by 4.1% during the first quarter. Nine Chapters Capital Management LLC now owns 17,700 shares of the company’s stock worth $326,000 after purchasing an additional 700 shares during the last quarter. Turner Investments LLC lifted its stake in Penn National Gaming by 6.3% during the second quarter. Turner Investments LLC now owns 17,000 shares of the company’s stock worth $364,000 after purchasing an additional 1,000 shares during the last quarter. Van ECK Associates Corp lifted its stake in Penn National Gaming by 11.8% during the first quarter. Van ECK Associates Corp now owns 10,543 shares of the company’s stock worth $194,000 after purchasing an additional 1,114 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Penn National Gaming by 2.1% during the second quarter. Alliancebernstein L.P. now owns 114,550 shares of the company’s stock worth $2,451,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its stake in Penn National Gaming by 2.1% during the second quarter. Engineers Gate Manager LP now owns 121,495 shares of the company’s stock worth $2,600,000 after purchasing an additional 2,546 shares during the last quarter. Institutional investors own 95.31% of the company’s stock.

In other Penn National Gaming news, insider Jay A. Snowden sold 50,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $20.86, for a total value of $1,043,000.00. Following the transaction, the insider now owns 86,281 shares of the company’s stock, valued at $1,799,821.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Carl Sottosanti sold 20,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $22.00, for a total value of $440,000.00. Following the completion of the transaction, the executive vice president now directly owns 45,831 shares in the company, valued at approximately $1,008,282. The disclosure for this sale can be found here. 11.10% of the stock is owned by insiders.

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Penn National Gaming, Inc. (NASDAQ PENN) traded down 0.44% during midday trading on Tuesday, reaching $22.50. The company’s stock had a trading volume of 170,750 shares. The firm has a 50 day moving average price of $21.12 and a 200 day moving average price of $19.40. Penn National Gaming, Inc. has a 1-year low of $11.93 and a 1-year high of $23.03. The firm has a market capitalization of $2.05 billion, a PE ratio of 28.27 and a beta of 0.99.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.07). The company had revenue of $796.50 million during the quarter, compared to analyst estimates of $788.65 million. Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.72%. Penn National Gaming’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. On average, analysts predict that Penn National Gaming, Inc. will post $0.61 EPS for the current year.

PENN has been the topic of several research analyst reports. BidaskClub cut Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Instinet restated a “neutral” rating and set a $21.00 price objective (up from $19.00) on shares of Penn National Gaming in a research note on Monday, June 19th. ValuEngine cut Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Finally, Stifel Nicolaus raised their price objective on Penn National Gaming from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.00.

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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Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

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