AMP Capital Investors Ltd Has $201,000 Position in Penn National Gaming, Inc (PENN)

AMP Capital Investors Ltd reduced its stake in shares of Penn National Gaming, Inc (NASDAQ:PENN) by 63.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,990 shares of the company’s stock after selling 10,400 shares during the quarter. AMP Capital Investors Ltd’s holdings in Penn National Gaming were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Penn National Gaming by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 663,202 shares of the company’s stock valued at $17,415,000 after buying an additional 20,624 shares in the last quarter. Systematic Financial Management LP purchased a new stake in Penn National Gaming during the 2nd quarter valued at approximately $1,003,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Penn National Gaming during the 2nd quarter valued at approximately $8,296,000. Piedmont Investment Advisors LLC grew its holdings in Penn National Gaming by 3.6% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 48,816 shares of the company’s stock valued at $1,640,000 after buying an additional 1,685 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in Penn National Gaming by 13.7% during the 2nd quarter. Aperio Group LLC now owns 15,423 shares of the company’s stock valued at $518,000 after buying an additional 1,859 shares in the last quarter. 98.95% of the stock is owned by institutional investors and hedge funds.

PENN has been the subject of a number of research analyst reports. BidaskClub lowered shares of Penn National Gaming from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Morgan Stanley increased their price objective on shares of Penn National Gaming from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, June 26th. UBS Group lowered shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. JPMorgan Chase & Co. initiated coverage on shares of Penn National Gaming in a report on Friday, June 8th. They set an “overweight” rating and a $40.00 price objective for the company. Finally, Bank of America increased their price objective on shares of Penn National Gaming from $36.50 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, July 17th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Penn National Gaming currently has a consensus rating of “Buy” and a consensus price target of $36.45.

In other Penn National Gaming news, CEO Timothy J. Wilmott bought 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average cost of $30.85 per share, with a total value of $3,085,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Wilmott sold 94,013 shares of the firm’s stock in a transaction on Friday, July 13th. The shares were sold at an average price of $36.43, for a total transaction of $3,424,893.59. Following the completion of the transaction, the chief executive officer now directly owns 513,967 shares of the company’s stock, valued at $18,723,817.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,134 shares of company stock valued at $6,909,612. 10.56% of the stock is currently owned by insiders.

PENN stock opened at $32.34 on Wednesday. Penn National Gaming, Inc has a fifty-two week low of $22.40 and a fifty-two week high of $36.90. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 162.63. The firm has a market capitalization of $3.00 billion, a P/E ratio of 3.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.61.

Penn National Gaming (NASDAQ:PENN) last posted its earnings results on Thursday, July 26th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Penn National Gaming had a net margin of 18.02% and a return on equity of 268.43%. The firm had revenue of $826.91 million during the quarter, compared to analyst estimates of $840.15 million. During the same period last year, the firm posted $0.18 earnings per share. Penn National Gaming’s revenue for the quarter was up 3.8% compared to the same quarter last year. analysts predict that Penn National Gaming, Inc will post 1.75 earnings per share for the current year.

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 Northeast, South/West, and Midwest segments. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

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

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