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.

Pinnacle Entertainment (NASDAQ:PNK) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $647.40 million during the quarter, compared to the consensus estimate of $652.13 million. Pinnacle Entertainment had a net margin of 1.23% and a negative return on equity of 13.12%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) earnings per share. equities analysts forecast that Pinnacle Entertainment Inc will post 0.81 EPS for the current year.

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.

Institutional Ownership by Quarter for Pinnacle Entertainment (NASDAQ:PNK)

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