Pinnacle Entertainment Inc (PNK) Shares Bought by GSA Capital Partners LLP
GSA Capital Partners LLP grew its position in shares of Pinnacle Entertainment Inc (NASDAQ:PNK) by 60.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,464 shares of the company’s stock after purchasing an additional 48,797 shares during the period. GSA Capital Partners LLP owned approximately 0.23% of Pinnacle Entertainment worth $2,759,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Pinnacle Entertainment in the third quarter worth about $150,000. Meeder Asset Management Inc. grew its position in Pinnacle Entertainment by 35.5% in the third quarter. Meeder Asset Management Inc. now owns 8,266 shares of the company’s stock worth $176,000 after acquiring an additional 2,166 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Pinnacle Entertainment in the third quarter worth about $202,000. Pacad Investment Ltd. grew its position in Pinnacle Entertainment by 212.3% in the second quarter. Pacad Investment Ltd. now owns 9,680 shares of the company’s stock worth $191,000 after acquiring an additional 6,580 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Pinnacle Entertainment in the third quarter worth about $271,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Shares of Pinnacle Entertainment Inc (NASDAQ:PNK) opened at $31.10 on Friday. The company has a debt-to-equity ratio of -11.36, a current ratio of 0.71 and a quick ratio of 0.68. The stock has a market cap of $1,774.13, a PE ratio of 40.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.44. Pinnacle Entertainment Inc has a 12 month low of $13.61 and a 12 month high of $33.59.
Several research analysts recently commented on the company. BidaskClub upgraded Pinnacle Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Stifel Nicolaus lifted their price target on Pinnacle Entertainment from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Barclays lifted their price target on Pinnacle Entertainment from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. ValuEngine lowered Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Deutsche Bank lifted their price target on Pinnacle Entertainment from $20.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $27.57.
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About Pinnacle Entertainment
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.
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