Penn National Gaming, Inc (PENN) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Penn National Gaming, Inc (NASDAQ:PENN) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,627,039 shares of the company’s stock after selling 311,239 shares during the period. Victory Capital Management Inc.’s holdings in Penn National Gaming were worth $32,703,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new stake in Penn National Gaming during the 4th quarter worth $25,000. Advisors Asset Management Inc. raised its stake in Penn National Gaming by 9.7% during the 4th quarter. Advisors Asset Management Inc. now owns 4,714 shares of the company’s stock worth $89,000 after acquiring an additional 417 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Penn National Gaming during the 4th quarter worth $97,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Penn National Gaming during the 4th quarter worth $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Penn National Gaming by 44.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,241 shares of the company’s stock worth $136,000 after acquiring an additional 2,224 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

NASDAQ PENN traded up $0.17 during trading on Friday, reaching $21.57. The company’s stock had a trading volume of 478,582 shares, compared to its average volume of 2,339,448. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $2.38 billion, a PE ratio of 23.19, a P/E/G ratio of 1.38 and a beta of 1.85. Penn National Gaming, Inc has a twelve month low of $17.30 and a twelve month high of $36.90.



Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. Penn National Gaming had a net margin of 2.20% and a return on equity of 13.24%. The company’s revenue for the quarter was up 57.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Research analysts predict that Penn National Gaming, Inc will post 1.47 earnings per share for the current year.

Several brokerages recently commented on PENN. ValuEngine lowered shares of Penn National Gaming from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Nomura upgraded shares of Penn National Gaming from a “neutral” rating to a “buy” rating and set a $24.17 price target on the stock in a research note on Thursday, January 17th. BidaskClub upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Bank of America upgraded shares of Penn National Gaming from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Morgan Stanley upgraded shares of Penn National Gaming from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.60.

In other Penn National Gaming news, insider Jay A. Snowden acquired 10,875 shares of the company’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $19.51 per share, for a total transaction of $212,171.25. Following the completion of the purchase, the insider now owns 104,433 shares in the company, valued at approximately $2,037,487.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William J. Fair acquired 11,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was acquired at an average price of $19.54 per share, for a total transaction of $214,940.00. Following the completion of the purchase, the chief financial officer now owns 46,998 shares of the company’s stock, valued at approximately $918,340.92. The disclosure for this purchase can be found here. Insiders own 10.56% of the company’s stock.

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

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