Thrivent Financial For Lutherans acquired a new stake in shares of Penn National Gaming, Inc. (NASDAQ:PENN) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 46,040 shares of the company’s stock, valued at approximately $849,000. Thrivent Financial For Lutherans owned 0.05% of Penn National Gaming at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in PENN. Quantitative Investment Management LLC bought a new stake in shares of Penn National Gaming during the first quarter valued at approximately $1,537,000. Stifel Financial Corp boosted its position in shares of Penn National Gaming by 17.6% in the first quarter. Stifel Financial Corp now owns 146,352 shares of the company’s stock worth $2,729,000 after buying an additional 21,947 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Penn National Gaming during the first quarter worth about $168,000. Turner Investments LLC acquired a new position in shares of Penn National Gaming during the first quarter worth about $295,000. Finally, Laurion Capital Management LP boosted its position in shares of Penn National Gaming by 937.0% in the first quarter. Laurion Capital Management LP now owns 428,300 shares of the company’s stock worth $7,894,000 after buying an additional 387,000 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.
Penn National Gaming, Inc. (NASDAQ PENN) traded up 1.03% during midday trading on Friday, reaching $20.52. 1,021,076 shares of the company were exchanged. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 27.65 and a beta of 1.01. The firm’s 50-day moving average price is $21.07 and its 200 day moving average price is $17.96. Penn National Gaming, Inc. has a 52-week low of $11.93 and a 52-week high of $22.19.
Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. The company had revenue of $796.50 million during the quarter, compared to analysts’ expectations of $788.65 million. Penn National Gaming had a negative return on equity of 16.50% and a net margin of 2.39%. Penn National Gaming’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Equities analysts predict that Penn National Gaming, Inc. will post $0.64 earnings per share for the current year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Wednesday. Telsey Advisory Group lifted their price target on shares of Penn National Gaming from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Penn National Gaming from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, FBR & Co reiterated an “outperform” rating and set a $23.00 price target (up from $20.00) on shares of Penn National Gaming in a report on Monday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.00.
Penn National Gaming Company 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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