Dupont Capital Management Corp lifted its stake in shares of Penn National Gaming, Inc (NASDAQ:PENN) by 16.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,507 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Dupont Capital Management Corp’s holdings in Penn National Gaming were worth $251,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PENN. Quantamental Technologies LLC acquired a new stake in shares of Penn National Gaming during the 4th quarter worth $25,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Penn National Gaming during the 4th quarter worth $42,000. Advisors Asset Management Inc. boosted its stake in Penn National Gaming by 9.7% in the fourth quarter. Advisors Asset Management Inc. now owns 4,714 shares of the company’s stock valued at $89,000 after buying an additional 417 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Penn National Gaming in the fourth quarter valued at about $97,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Penn National Gaming in the fourth quarter valued at about $101,000. 95.02% of the stock is currently owned by institutional investors.
NASDAQ:PENN opened at $19.77 on Tuesday. The stock has a market capitalization of $2.38 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.38 and a beta of 1.85. The company has a current ratio of 0.78, a quick ratio of 0.92 and a debt-to-equity ratio of 5.65. Penn National Gaming, Inc has a twelve month low of $17.30 and a twelve month high of $36.90.
PENN has been the topic of several research analyst reports. Nomura raised Penn National Gaming from a “neutral” rating to a “buy” rating and set a $24.17 price objective on the stock in a research note on Thursday, January 17th. BidaskClub raised Penn National Gaming from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Morgan Stanley set a $25.00 price objective on Penn National Gaming and gave the company a “hold” rating in a research note on Thursday, February 14th. Bank of America raised Penn National Gaming from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, ValuEngine lowered Penn National Gaming from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.60.
Penn National Gaming Profile
Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions.
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