The stock of Penn National Gaming, Inc (NASDAQ:PENN) is a huge mover today! About 523,228 shares traded hands. Penn National Gaming, Inc (NASDAQ:PENN) has declined 4.18% since March 3, 2016 and is downtrending. It has underperformed by 12.53% the S&P500.
The move comes after 5 months positive chart setup for the $1.17 billion company. It was reported on Oct, 6 by Barchart.com. We have $22.45 PT which if reached, will make NASDAQ:PENN worth $690.30M more.
Analysts await Penn National Gaming, Inc (NASDAQ:PENN) to report earnings on October, 27. PENN’s profit will be $24.03 million for 12.17 P/E if the $0.29 EPS becomes a reality. After $0.37 actual EPS reported by Penn National Gaming, Inc for the previous quarter, Wall Street now forecasts -21.62% negative EPS growth.
Penn National Gaming, Inc (NASDAQ:PENN) Ratings Coverage
Out of 5 analysts covering Penn National Gaming (NASDAQ:PENN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Penn National Gaming has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, July 29, the company rating was maintained by Telsey Advisory Group. The stock of Penn National Gaming, Inc (NASDAQ:PENN) earned “Outperform” rating by Telsey Advisory Group on Friday, February 5. The company was upgraded on Tuesday, January 19 by Telsey Advisory Group. The stock of Penn National Gaming, Inc (NASDAQ:PENN) has “Buy” rating given on Friday, February 5 by Stifel Nicolaus. The firm earned “Neutral” rating on Tuesday, January 12 by Bank of America.
According to Zacks Investment Research, “Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.32, from 1.34 in 2016Q1. The ratio dropped, as 22 funds sold all Penn National Gaming, Inc shares owned while 60 reduced positions. 31 funds bought stakes while 53 increased positions. They now own 82.51 million shares or 3.32% more from 79.86 million shares in 2016Q1.
Fred Alger holds 0% of its portfolio in Penn National Gaming, Inc (NASDAQ:PENN) for 187 shares. Massmutual Fsb Adv accumulated 2,400 shares or 0% of the stock. Adams Diversified Equity Fund holds 21,500 shares or 0.02% of its portfolio. Boothbay Fund Ltd Liability holds 0.1% or 15,193 shares in its portfolio. Metropolitan Life Communications Ny last reported 0.01% of its portfolio in the stock. Vantage Inv Ltd Com holds 0% or 67 shares in its portfolio. Bogle Investment Management Lp De has invested 0.09% of its portfolio in Penn National Gaming, Inc (NASDAQ:PENN). Comml Bank Of Montreal Can last reported 808 shares in the company. Moreover, Hsbc Holdings Public Ltd Company has 0% invested in Penn National Gaming, Inc (NASDAQ:PENN) for 10,443 shares. Teachers last reported 119,728 shares in the company. Northern owns 884,390 shares or 0% of their US portfolio. Princeton Alpha Lp holds 0.05% or 19,563 shares in its portfolio. Jpmorgan Chase & holds 1,040 shares or 0% of its portfolio. Secor Cap Advsrs Ltd Partnership has 0.19% invested in the company for 106,951 shares. Tygh Capital Mngmt Inc has invested 0.85% of its portfolio in Penn National Gaming, Inc (NASDAQ:PENN).
Insider Transactions: Since May 24, 2016, the stock had 1 buying transaction, and 0 insider sales for $14,680 net activity. 1,000 shares were bought by NAPLES RONALD J, worth $14,680.
More recent Penn National Gaming, Inc (NASDAQ:PENN) news were published by: Fool.com which released: “Penn National Gaming, Inc’s Profit Jumps on U.S. Gaming Growth” on April 28, 2016. Also Businesswire.com published the news titled: “Penn National Gaming Acquires Leading Social Casino Game Developer, Rocket …” on August 03, 2016. Fool.com‘s news article titled: “Why Penn National Gaming, Inc’s Shares Popped 21% in March” with publication date: April 07, 2016 was also an interesting one.
PENN Company Profile
Penn National Gaming, Inc. (Penn), incorporated on December 16, 1982, is an owner and manager of gaming and racing facilities and video gaming terminal activities with a focus on slot machine entertainment. The Company’s divisions include the East/Midwest, the West and the Southern Plains segment. The East/Midwest segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, and Plainridge Park Casino. It also includes the Company’s Casino Rama management service contract. The West segment consists of various properties, which include Zia Park Casino, M Resort, Tropicana Las Vegas and Hollywood Casino Jamul-San Diego project. The Southern Plains segment consists of various properties, including Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, Hollywood Casino St. Louis and Prairie State Gaming, and includes the Company’s investment in Kansas Entertainment, LLC, which owns the Hollywood Casino at Kansas Speedway. The Other category consists of the Company’s standalone racing operations, Rosecroft Raceway, Sanford-Orlando Kennel Club, and the Company’s joint venture interests in Sam Houston Race Park, Valley Race Park and Freehold Raceway.
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