PDT Partners LLC cut its holdings in shares of Penn National Gaming, Inc. (NASDAQ:PENN) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,600 shares of the company’s stock after selling 1,389 shares during the period. PDT Partners LLC owned approximately 0.20% of Penn National Gaming worth $3,822,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Penn National Gaming by 138,953.6% in the 1st quarter. BlackRock Inc. now owns 8,898,040 shares of the company’s stock worth $163,992,000 after buying an additional 8,891,641 shares in the last quarter. FMR LLC raised its position in Penn National Gaming by 689.3% in the 2nd quarter. FMR LLC now owns 5,132,702 shares of the company’s stock worth $109,840,000 after buying an additional 4,482,402 shares during the last quarter. JPMorgan Chase & Co. raised its position in Penn National Gaming by 1,387.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,839,178 shares of the company’s stock worth $33,896,000 after buying an additional 1,715,562 shares during the last quarter. Bank of New York Mellon Corp raised its position in Penn National Gaming by 310.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,771,232 shares of the company’s stock worth $32,644,000 after buying an additional 1,339,468 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Penn National Gaming in the 1st quarter worth about $22,228,000. 95.31% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on PENN shares. BidaskClub upgraded shares of Penn National Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine lowered shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Instinet reissued a “neutral” rating and set a $21.00 price objective (up from $19.00) on shares of Penn National Gaming in a report on Monday, June 19th. Finally, Telsey Advisory Group boosted their price objective on shares of Penn National Gaming from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $21.00.

In other Penn National Gaming news, CEO Timothy J. Wilmott sold 23,419 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $23.27, for a total transaction of $544,960.13. Following the sale, the chief executive officer now directly owns 479,119 shares of the company’s stock, valued at approximately $11,149,099.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Wilmott sold 94,200 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $23.16, for a total value of $2,181,672.00. Following the sale, the chief executive officer now directly owns 479,119 shares in the company, valued at $11,096,396.04. The disclosure for this sale can be found here. Insiders have sold 198,319 shares of company stock valued at $4,455,938 over the last 90 days. 10.17% of the stock is currently owned by insiders.

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Penn National Gaming, Inc. (NASDAQ:PENN) opened at 23.31 on Tuesday. The stock has a market cap of $2.12 billion, a P/E ratio of 29.28 and a beta of 0.97. The company has a 50 day moving average of $22.06 and a 200-day moving average of $20.30. Penn National Gaming, Inc. has a 12-month low of $11.93 and a 12-month high of $23.55.

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

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 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.

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

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