Bamco Inc. NY Has $97.39 Million Position in Pinnacle Entertainment, Inc. (PNK)
Bamco Inc. NY boosted its position in shares of Pinnacle Entertainment, Inc. (NASDAQ:PNK) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,928,866 shares of the company’s stock after acquiring an additional 60,712 shares during the period. Bamco Inc. NY owned 8.70% of Pinnacle Entertainment worth $97,394,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Prudential Financial Inc. raised its holdings in shares of Pinnacle Entertainment by 0.8% in the second quarter. Prudential Financial Inc. now owns 39,897 shares of the company’s stock worth $788,000 after buying an additional 330 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Pinnacle Entertainment by 10.4% in the first quarter. SG Americas Securities LLC now owns 14,145 shares of the company’s stock worth $276,000 after buying an additional 1,338 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Pinnacle Entertainment by 7.5% in the second quarter. Voya Investment Management LLC now owns 28,303 shares of the company’s stock worth $559,000 after buying an additional 1,974 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Pinnacle Entertainment by 5.3% in the second quarter. Nationwide Fund Advisors now owns 48,356 shares of the company’s stock worth $956,000 after buying an additional 2,428 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Pinnacle Entertainment by 3.5% in the first quarter. Teachers Advisors LLC now owns 97,240 shares of the company’s stock worth $1,898,000 after buying an additional 3,245 shares during the last quarter. 89.59% of the stock is owned by institutional investors.
Shares of Pinnacle Entertainment, Inc. (NASDAQ PNK) traded down 0.2806% on Thursday, hitting $21.2901. 67,016 shares of the company traded hands. The company has a market capitalization of $1.23 billion, a PE ratio of 75.4968 and a beta of 1.31. Pinnacle Entertainment, Inc. has a 12 month low of $11.36 and a 12 month high of $21.36. The stock’s 50-day moving average price is $19.42 and its 200-day moving average price is $19.42.
Pinnacle Entertainment (NASDAQ:PNK) last issued its earnings results on Thursday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.07). Pinnacle Entertainment had a net margin of 0.68% and a negative return on equity of 8.88%. The company had revenue of $653.60 million during the quarter, compared to analyst estimates of $647.36 million. During the same quarter in the previous year, the company posted ($8.04) EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities analysts predict that Pinnacle Entertainment, Inc. will post $0.79 earnings per share for the current year.
PNK has been the subject of a number of research analyst reports. BidaskClub raised shares of Pinnacle Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price target on shares of Pinnacle Entertainment in a report on Friday, August 11th. Finally, Zacks Investment Research raised shares of Pinnacle Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Pinnacle Entertainment currently has a consensus rating of “Hold” and an average target price of $21.83.
In related news, EVP Neil E. Walkoff sold 60,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $19.14, for a total value of $1,148,400.00. Following the completion of the sale, the executive vice president now owns 282,076 shares in the company, valued at approximately $5,398,934.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Anthony Michael Sanfilippo purchased 21,600 shares of Pinnacle Entertainment stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $18.85 per share, with a total value of $407,160.00. Following the transaction, the chairman now owns 828,562 shares in the company, valued at $15,618,393.70. The disclosure for this purchase can be found here. 8.33% of the stock is owned by corporate insiders.
Pinnacle Entertainment Company Profile
Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.
Want to see what other hedge funds are holding PNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinnacle Entertainment, Inc. (NASDAQ:PNK).
Receive News & Stock Ratings for Pinnacle Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Entertainment Inc. and related stocks with our FREE daily email newsletter.