HAP Trading LLC reduced its position in shares of Penn National Gaming, Inc. (NASDAQ:PENN) by 85.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,343 shares of the company’s stock after selling 214,043 shares during the quarter. HAP Trading LLC’s holdings in Penn National Gaming were worth $827,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in shares of Penn National Gaming by 13.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 493,463 shares of the company’s stock valued at $11,542,000 after purchasing an additional 57,288 shares during the period. 361 Capital LLC bought a new stake in shares of Penn National Gaming during the 3rd quarter valued at about $2,153,000. SG Americas Securities LLC grew its stake in shares of Penn National Gaming by 242.3% during the 3rd quarter. SG Americas Securities LLC now owns 23,658 shares of the company’s stock valued at $553,000 after purchasing an additional 16,746 shares during the period. Rhumbline Advisers grew its stake in shares of Penn National Gaming by 2.6% during the 3rd quarter. Rhumbline Advisers now owns 173,787 shares of the company’s stock valued at $4,065,000 after purchasing an additional 4,400 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Penn National Gaming by 62.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 31,630 shares of the company’s stock valued at $740,000 after purchasing an additional 12,100 shares during the period. Institutional investors and hedge funds own 93.77% of the company’s stock.

Shares of Penn National Gaming, Inc. (PENN) traded up $0.35 during trading hours on Friday, hitting $27.27. The company had a trading volume of 831,900 shares, compared to its average volume of 1,268,980. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36. Penn National Gaming, Inc. has a 52 week low of $12.77 and a 52 week high of $27.64. The company has a market cap of $2,452.29, a P/E ratio of 36.38, a PEG ratio of 6.84 and a beta of 0.97.

In related news, insider Jay A. Snowden sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $25.07, for a total value of $2,757,700.00. Following the transaction, the insider now directly owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy J. Wilmott sold 84,436 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $24.12, for a total value of $2,036,596.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 420,813 shares of company stock worth $9,924,682. 10.17% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the company. TheStreet upgraded Penn National Gaming from a “c+” rating to a “b+” rating in a research note on Monday. BidaskClub upgraded Penn National Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Telsey Advisory Group boosted their price target on Penn National Gaming from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Penn National Gaming presently has an average rating of “Hold” and an average target price of $21.91.

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Penn National Gaming 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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