Penn National Gaming, Inc. (NASDAQ:PENN) CEO Timothy J. Wilmott sold 4,900 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $23.02, for a total transaction of $112,798.00. Following the completion of the transaction, the chief executive officer now owns 460,600 shares of the company’s stock, valued at approximately $10,603,012. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Penn National Gaming, Inc. (PENN) traded down 0.04% on Wednesday, reaching $22.79. 623,694 shares of the company’s stock traded hands. The firm’s 50-day moving average is $21.46 and its 200 day moving average is $19.78. The firm has a market cap of $2.08 billion, a PE ratio of 28.63 and a beta of 0.99. Penn National Gaming, Inc. has a 12 month low of $11.93 and a 12 month high of $23.08.

Penn National Gaming (NASDAQ:PENN) last announced its earnings results on Thursday, July 27th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The business had revenue of $796.50 million for the quarter, compared to the consensus estimate 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 revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. Equities analysts predict that Penn National Gaming, Inc. will post $0.61 EPS for the current year.

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A number of brokerages recently issued reports on PENN. BidaskClub upgraded shares of Penn National Gaming from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 price objective (up previously from $22.00) on shares of Penn National Gaming in a report on Thursday, June 22nd. Instinet reiterated a “neutral” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Penn National Gaming in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, July 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 price objective on shares of Penn National Gaming in a report on Friday, July 14th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.00.

Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its holdings in shares of Penn National Gaming by 1,461.6% during the second quarter. Meeder Asset Management Inc. now owns 4,997 shares of the company’s stock valued at $107,000 after acquiring an additional 4,677 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Penn National Gaming during the first quarter valued at approximately $128,000. Oppenheimer Asset Management Inc. bought a new position in shares of Penn National Gaming during the first quarter valued at approximately $134,000. Van ECK Associates Corp raised its holdings in shares of Penn National Gaming by 11.8% during the first quarter. Van ECK Associates Corp now owns 10,543 shares of the company’s stock valued at $194,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of Penn National Gaming during the first quarter valued at approximately $195,000. Institutional investors own 95.31% of the company’s stock.

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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