As Penn Natl Gaming INC (PENN) Stock Rose, Shareholder Hg Vora Capital Management LLC Decreased by $52.33 Million Its Holding

March 14, 2018 - By Migdalia James

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.09, from 1.26 in 2017Q2. It increased, as 20 investors sold PENN 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. California State Teachers Retirement invested in 135,745 shares or 0.01% of the stock. Goldman Sachs Group Incorporated reported 0.01% stake. 2.13 million were accumulated by Victory Capital Mgmt Inc. Aperio Ltd Limited Liability Company invested in 0% or 10,578 shares. Penn Capital Mgmt Co holds 0.77% in Penn National Gaming, Inc. (NASDAQ:PENN) or 449,943 shares. D E Shaw And stated it has 0% in Penn National Gaming, Inc. (NASDAQ:PENN). 6.05 million are owned by Hg Vora Management Ltd Llc. Quinn Opportunity Prns Llc reported 0.12% stake. Wealthtrust owns 10 shares for 0% of their portfolio. Moreover, Cipher Cap Limited Partnership has 0.11% invested in Penn National Gaming, Inc. (NASDAQ:PENN). Blackrock holds 0.01% or 8.94 million shares in its portfolio. 1.08M are held by Renaissance Technologies Lc. Wolverine Asset Management Ltd stated it has 0% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN). Schroder Investment Management Gp has invested 0% in Penn National Gaming, Inc. (NASDAQ:PENN). Macquarie has 0% invested in Penn National Gaming, Inc. (NASDAQ:PENN).

Since September 18, 2017, it had 2 insider buys, and 7 sales for $7.14 million activity. $68,775 worth of Penn National Gaming, Inc. (NASDAQ:PENN) shares were bought by SCACCETTI JANE. Snowden Jay A sold $2.76 million worth of stock or 110,000 shares.

Parag Vora decreased its stake in Penn Natl Gaming Inc (PENN) by 27.33% based on its latest 2017Q3 regulatory filing with the SEC. Hg Vora Capital Management Llc sold 2.28 million shares as the company’s stock rose 37.89% with the market. The hedge fund run by Parag Vora held 6.05M shares of the consumer services company at the end of 2017Q3, valued at $141.51 million, down from 8.33M at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Penn Natl Gaming Inc for a number of months, seems to be less bullish one the $2.46B market cap company. The stock increased 0.48% or $0.13 during the last trading session, reaching $27.08. About 2.43M shares traded or 67.30% up from the average. Penn National Gaming, Inc. (NASDAQ:PENN) has risen 33.06% since March 14, 2017 and is uptrending. It has outperformed by 16.36% the S&P500.

Hg Vora Capital Management Llc, which manages about $2.19 billion and $740.50M US Long portfolio, upped its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 2.25M shares to 7.00M shares, valued at $224.35 million in 2017Q3, according to the filing.

Analysts await Penn National Gaming, Inc. (NASDAQ:PENN) to report earnings on April, 26. They expect $0.41 EPS, up 70.83 % or $0.17 from last year’s $0.24 per share. PENN’s profit will be $37.26 million for 16.51 P/E if the $0.41 EPS becomes a reality. After $-0.04 actual EPS reported by Penn National Gaming, Inc. for the previous quarter, Wall Street now forecasts -1,125.00 % EPS growth.

More important recent Penn National Gaming, Inc. (NASDAQ:PENN) news were published by: which released: “Penn National Gaming Bets Big on Pennsylvania Mini-Casino” on March 05, 2018, also published article titled: “Penn National Gaming Is Taking Over Regional Gaming”, published: “Penn National Gaming, Inc. Announces March 29, 2018 as Date for Special Meeting” on February 28, 2018. More interesting news about Penn National Gaming, Inc. (NASDAQ:PENN) was released by: and their article: “Penn National Gaming Becomes Oversold (PENN)” with publication date: March 05, 2018.

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. Suntrust Robinson initiated Penn National Gaming, Inc. (NASDAQ:PENN) on Friday, February 10 with “Hold” rating. Stifel Nicolaus maintained the shares of PENN in report on Friday, February 5 with “Buy” rating. JP Morgan downgraded the shares of PENN in report on Thursday, January 5 to “Neutral” rating. On Monday, November 20 the stock rating was maintained by Barclays Capital with “Overweight”. The firm earned “Buy” rating on Thursday, July 27 by Stifel Nicolaus. The firm earned “Outperform” rating on Tuesday, January 19 by Telsey Advisory Group. The stock has “Buy” rating by Deutsche Bank on Thursday, July 27. On Friday, October 28 the stock rating was maintained by Telsey Advisory Group with “Outperform”. As per Thursday, October 5, the company rating was maintained by Stifel Nicolaus. The stock of Penn National Gaming, Inc. (NASDAQ:PENN) earned “Buy” rating by Jefferies on Friday, February 9.

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