Is Penn National Gaming Incorporated (NASDAQ:PENN)’s Fuel Running Low? Reports Show More Sellers

February 17, 2018 - By Kurt Siggers

 Is Penn National Gaming Incorporated (NASDAQ:PENN)’s Fuel Running Low? Reports Show More Sellers

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.09, from 1.26 in 2017Q2. It increased, as 20 investors sold Penn National Gaming, Inc. shares while 57 reduced holdings. 38 funds opened positions while 66 raised stakes. 87.76 million shares or 3.65% more from 84.67 million shares in 2017Q2 were reported.
Rk Mgmt Ltd Liability Corp holds 433,198 shares or 2.36% of its portfolio. Lord Abbett And Limited Com invested 0.07% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN). Tudor Investment Et Al has 212,663 shares. Hap Trading Lc accumulated 35,343 shares. Barclays Plc owns 81,006 shares for 0% of their portfolio. Scopus Asset Management L P, New York-based fund reported 1.70 million shares. Financial Bank Of Ny Mellon owns 2.24M shares for 0.01% of their portfolio. Gamco Investors Et Al reported 20,000 shares. Tiaa Cref Inv Management Limited Liability holds 0.01% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN) for 388,261 shares. Great West Life Assurance Communications Can holds 164,947 shares or 0.01% of its portfolio. Bogle Inv Mgmt Lp De stated it has 1.03% in Penn National Gaming, Inc. (NASDAQ:PENN). 753,778 were reported by Geode Capital Management Limited Liability. First Advisors Limited Partnership accumulated 145,092 shares. Convergence Inv Partners Limited Liability Co reported 137,907 shares stake. Us Bankshares De invested 0% in Penn National Gaming, Inc. (NASDAQ:PENN).

Since August 25, 2017, it had 0 insider buys, and 9 insider sales for $8.97 million activity. 20,000 shares valued at $440,000 were sold by Sottosanti Carl on Thursday, August 31. $2.76M worth of Penn National Gaming, Inc. (NASDAQ:PENN) shares were sold by Snowden Jay A.

The stock of Penn National Gaming Incorporated (NASDAQ:PENN) registered an increase of 1.95% in short interest. PENN’s total short interest was 9.68 million shares in February as published by FINRA. Its up 1.95% from 9.49 million shares, reported previously. With 860,700 shares average volume, it will take short sellers 11 days to cover their PENN’s short positions. The short interest to Penn National Gaming Incorporated’s float is 12.62%.

The stock decreased 0.43% or $0.12 during the last trading session, reaching $28.06. About 1.11M shares traded. Penn National Gaming, Inc. (NASDAQ:PENN) has risen 33.06% since February 17, 2017 and is uptrending. It has outperformed by 16.36% the S&P500.

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 has market cap of $2.55 billion. The firm operates through Northeast, South/West, and Midwest divisions. It has a 5.21 P/E ratio. As of December 31, 2016, 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.

Penn National Gaming, Inc. (NASDAQ:PENN) Ratings Coverage

Among 12 analysts covering Penn National Gaming (NASDAQ:PENN), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Penn National Gaming had 31 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 22 by Deutsche Bank. The stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Neutral” rating given on Thursday, January 5 by JP Morgan. The company was maintained on Monday, January 22 by Deutsche Bank. The stock of Penn National Gaming, Inc. (NASDAQ:PENN) earned “Buy” rating by Deutsche Bank on Friday, February 9. On Tuesday, January 12 the stock rating was downgraded by Bank of America to “Neutral”. On Friday, February 10 the stock rating was initiated by Suntrust Robinson with “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $20 target in Friday, February 5 report. Stifel Nicolaus maintained the shares of PENN in report on Thursday, October 26 with “Buy” rating. The firm earned “Buy” rating on Thursday, July 27 by Stifel Nicolaus. The firm earned “Overweight” rating on Monday, November 20 by Barclays Capital.

More notable recent Penn National Gaming, Inc. (NASDAQ:PENN) news were published by: Stltoday.com which released: “Merger could affect four of six St. Louis area casinos” on November 30, 2017, also Fool.com with their article: “Penn National Gaming Is Taking Over Regional Gaming” published on February 14, 2018, Reuters.com published: “Casino operator Penn National to buy Pinnacle in $2.8 billion deal” on December 18, 2017. More interesting news about Penn National Gaming, Inc. (NASDAQ:PENN) were released by: Toledoblade.com and their article: “Gambling revenue down across Ohio and at Hollywood Casino” published on February 12, 2018 as well as Businesswire.com‘s news article titled: “Penn National Gaming Reports Record Fourth Quarter Revenue of $769.0 Million” with publication date: February 08, 2018.

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