How Many Penn National Gaming, Inc. (NASDAQ:PENN)’s Analysts Are Bearish?

June 18, 2018 - By Winifred Garcia

Penn National Gaming, Inc. (NASDAQ:PENN) LogoInvestors sentiment increased to 1.34 in 2018 Q1. Its up 0.30, from 1.04 in 2017Q4. It improved, as 23 investors sold Penn National Gaming, Inc. shares while 68 reduced holdings. 52 funds opened positions while 70 raised stakes. 84.43 million shares or 0.51% less from 84.87 million shares in 2017Q4 were reported.
1.11 million are held by Scopus Asset Ltd Partnership. Hood River Capital Lc stated it has 0% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN). Fort Washington Invest Oh holds 0.17% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN) for 624,643 shares. Ubs Asset Americas, a Illinois-based fund reported 70,429 shares. The Connecticut-based Quantitative Systematic Strategies Limited Liability Corporation has invested 0.06% in Penn National Gaming, Inc. (NASDAQ:PENN). Moreover, Acadian Asset Lc has 0.04% invested in Penn National Gaming, Inc. (NASDAQ:PENN) for 384,253 shares. Sg Americas Secs Ltd Liability Co has invested 0% in Penn National Gaming, Inc. (NASDAQ:PENN). Natl Bank Of Mellon stated it has 0.01% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN). Deutsche Comml Bank Ag stated it has 798,851 shares or 0.01% of all its holdings. Bamco Inc holds 6.48M shares. Moreover, Mason Street Advsr Limited Liability Company has 0.01% invested in Penn National Gaming, Inc. (NASDAQ:PENN) for 23,398 shares. Laurion Cap Lp invested 0.02% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN). Riggs Asset Managment Inc accumulated 800 shares. Employees Retirement Of Texas holds 0.02% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN) for 69,000 shares. Ameritas Investment Prns reported 7,441 shares stake.

Since February 9, 2018, it had 3 insider buys, and 4 sales for $8.71 million activity. $2.55M worth of Penn National Gaming, Inc. (NASDAQ:PENN) was sold by WILMOTT TIMOTHY J. CARLINO PETER M also sold $2.85M worth of Penn National Gaming, Inc. (NASDAQ:PENN) shares. Sottosanti Carl also sold $567,701 worth of Penn National Gaming, Inc. (NASDAQ:PENN) shares. Shares for $274,349 were bought by Snowden Jay A on Friday, March 2.

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

Among 7 analysts covering Penn National Gaming (NASDAQ:PENN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Penn National Gaming had 13 analyst reports since January 19, 2018 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Monday, January 22 report. Deutsche Bank maintained the stock with “Buy” rating in Thursday, April 26 report. The stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Buy” rating given on Friday, February 9 by Jefferies. The stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Buy” rating given on Friday, February 9 by Deutsche Bank. The stock of Penn National Gaming, Inc. (NASDAQ:PENN) has “Hold” rating given on Monday, February 5 by SunTrust. The rating was upgraded by SunTrust on Thursday, April 26 to “Buy”. The rating was maintained by Morgan Stanley on Monday, April 30 with “Equal-Weight”. The company was maintained on Friday, February 9 by Morgan Stanley. The firm earned “Buy” rating on Tuesday, February 6 by Susquehanna. Nomura maintained the stock with “Neutral” rating in Thursday, May 24 report. Below is a list of Penn National Gaming, Inc. (NASDAQ:PENN) latest ratings and price target changes.

24/05/2018 Broker: Nomura Old Rating: Neutral New Rating: Neutral Old Target: $30 New Target: $35 Maintain
30/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $29 New Target: $31 Maintain
26/04/2018 Broker: Deutsche Bank Rating: Buy New Target: $37.0000 Maintain
26/04/2018 Broker: SunTrust Rating: Buy Upgrade
24/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $31 New Target: $29 Maintain
14/03/2018 Broker: Telsey Advisory Group Rating: Outperform New Target: $33 Initiates Coverage On
09/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $33 New Target: $31 Maintain
09/02/2018 Broker: Jefferies Rating: Buy New Target: $37.0 Maintain
09/02/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $38 New Target: $37 Maintain
06/02/2018 Broker: Susquehanna Rating: Buy New Target: $35.0 Maintain

The stock increased 0.12% or $0.04 during the last trading session, reaching $33.11. About 248,441 shares traded. Penn National Gaming, Inc. (NASDAQ:PENN) has risen 73.85% since June 18, 2017 and is uptrending. It has outperformed by 61.28% 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 $3.03 billion. The firm operates through Northeast, South/West, and Midwest divisions. It has a 6.07 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.

More important recent Penn National Gaming, Inc. (NASDAQ:PENN) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: ConocoPhillips, Domino’s Pizza, Eli Lilly, Occidental Petroleum, PayPal, Penn …” on June 08, 2018, also Businesswire.com published article titled: “Penn National Gaming Enters into Agreements to Exit Jamul Casino Term Loan C Facility and the Project”, Investorplace.com published: “3 Casino Stocks to Buy Now” on May 24, 2018. More interesting news about Penn National Gaming, Inc. (NASDAQ:PENN) was released by: Finance.Yahoo.com and their article: “4 Stocks to Bet on as Sports Betting Is Legalized” with publication date: June 03, 2018.

Penn National Gaming, Inc. (NASDAQ:PENN) Institutional Positions Chart

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