46,040 Shares in Penn National Gaming, Inc. (PENN) Acquired by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans bought a new position in shares of Penn National Gaming, Inc. (NASDAQ:PENN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 46,040 shares of the company’s stock, valued at approximately $849,000. Thrivent Financial For Lutherans owned approximately 0.05% of Penn National Gaming at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in Penn National Gaming during the first quarter worth about $128,000. State of Alaska Department of Revenue bought a new stake in Penn National Gaming during the first quarter worth about $168,000. Van ECK Associates Corp raised its stake in Penn National Gaming by 11.8% in the first quarter. Van ECK Associates Corp now owns 10,543 shares of the company’s stock worth $194,000 after buying an additional 1,114 shares during the period. Janney Montgomery Scott LLC bought a new stake in Penn National Gaming during the first quarter worth about $240,000. Finally, Turner Investments LLC bought a new stake in Penn National Gaming during the first quarter worth about $295,000. Institutional investors and hedge funds own 94.55% of the company’s stock.

Shares of Penn National Gaming, Inc. (PENN) opened at 20.78 on Wednesday. The company has a market cap of $1.89 billion, a P/E ratio of 21.04 and a beta of 1.02. Penn National Gaming, Inc. has a one year low of $11.93 and a one year high of $22.19. The company has a 50 day moving average price of $20.39 and a 200 day moving average price of $16.85.

Penn National Gaming (NASDAQ:PENN) last released its quarterly earnings data on Thursday, April 27th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $776.20 million for the quarter, compared to analyst estimates of $769.81 million. Penn National Gaming had a net margin of 2.97% and a negative return on equity of 19.08%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that Penn National Gaming, Inc. will post $0.64 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “46,040 Shares in Penn National Gaming, Inc. (PENN) Acquired by Thrivent Financial For Lutherans” was originally reported by BBNS and is owned by of BBNS. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://baseballnewssource.com/markets/46040-shares-in-penn-national-gaming-inc-penn-acquired-by-thrivent-financial-for-lutherans/1179896.html.

A number of research firms have recently issued reports on PENN. Zacks Investment Research upgraded Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, July 5th. Instinet reiterated a “neutral” rating and issued a $21.00 target price (up previously from $19.00) on shares of Penn National Gaming in a research note on Monday, June 19th. BidaskClub upgraded Penn National Gaming from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. FBR & Co reiterated an “outperform” rating and issued a $23.00 target price (up previously from $20.00) on shares of Penn National Gaming in a research note on Monday, April 10th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 target price (up previously from $22.00) on shares of Penn National Gaming in a research note on Thursday, June 22nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Penn National Gaming presently has a consensus rating of “Buy” and a consensus target price of $20.60.

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.

Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

Receive News & Ratings for Penn National Gaming Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana


Leave a Reply

 
© 2006-2017 BBNS.