OxFORD Asset Management LLP reduced its position in shares of Penn National Gaming, Inc (NASDAQ:PENN) by 33.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,003 shares of the company’s stock after selling 42,655 shares during the quarter. OxFORD Asset Management LLP owned about 0.09% of Penn National Gaming worth $1,990,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its stake in Penn National Gaming by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock worth $159,000 after buying an additional 482 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Penn National Gaming in the second quarter worth approximately $206,000. Royal Bank of Canada raised its stake in shares of Penn National Gaming by 209.1% in the second quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock worth $212,000 after purchasing an additional 6,692 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Penn National Gaming in the second quarter worth approximately $213,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Penn National Gaming by 82.8% in the third quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock worth $214,000 after purchasing an additional 4,138 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Penn National Gaming, Inc (NASDAQ:PENN) opened at $29.25 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36. The company has a market capitalization of $2,660.00, a P/E ratio of 38.62, a P/E/G ratio of 7.26 and a beta of 1.38. Penn National Gaming, Inc has a 52-week low of $13.00 and a 52-week high of $29.84.

PENN has been the subject of several analyst reports. TheStreet raised Penn National Gaming from a “c+” rating to a “b+” rating in a research note on Monday, November 13th. Zacks Investment Research raised Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Saturday, October 7th. Morgan Stanley increased their price objective on Penn National Gaming from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Telsey Advisory Group downgraded Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price objective for the company. in a research note on Friday, October 27th. Finally, Barclays increased their price objective on Penn National Gaming from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Penn National Gaming currently has a consensus rating of “Hold” and an average price target of $22.55.

In related news, insider Jay A. Snowden sold 110,000 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the completion of the sale, the insider now directly owns 46,281 shares of the company’s stock, valued at $1,160,264.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Wilmott sold 11,159 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $24.03, for a total value of $268,150.77. Following the sale, the chief executive officer now directly owns 456,100 shares of the company’s stock, valued at $10,960,083. The disclosure for this sale can be found here. Insiders have sold 350,813 shares of company stock valued at $8,441,682 over the last ninety days. 10.17% of the stock is currently owned by company insiders.

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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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