Pinnacle Entertainment Inc (NASDAQ:PNK) Shares Bought by Bamco Inc. NY

Bamco Inc. NY increased its position in shares of Pinnacle Entertainment Inc (NASDAQ:PNK) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,203,966 shares of the company’s stock after purchasing an additional 275,100 shares during the quarter. Bamco Inc. NY owned 9.06% of Pinnacle Entertainment worth $110,897,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PNK. Teachers Advisors LLC increased its position in shares of Pinnacle Entertainment by 3.5% in the first quarter. Teachers Advisors LLC now owns 97,240 shares of the company’s stock valued at $1,898,000 after buying an additional 3,245 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Pinnacle Entertainment by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 234,222 shares of the company’s stock valued at $4,573,000 after buying an additional 12,960 shares in the last quarter. State Street Corp increased its position in shares of Pinnacle Entertainment by 1.6% in the first quarter. State Street Corp now owns 1,085,120 shares of the company’s stock valued at $21,185,000 after buying an additional 17,018 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Pinnacle Entertainment by 73.8% in the second quarter. Russell Investments Group Ltd. now owns 277,276 shares of the company’s stock valued at $5,480,000 after buying an additional 117,739 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Pinnacle Entertainment by 77.4% in the second quarter. Bank of New York Mellon Corp now owns 1,167,335 shares of the company’s stock valued at $23,065,000 after buying an additional 509,133 shares in the last quarter. Institutional investors own 82.19% of the company’s stock.

PNK has been the subject of several research reports. Zacks Investment Research upgraded Pinnacle Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Saturday, November 11th. Bank of America boosted their price target on Pinnacle Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. BidaskClub raised Pinnacle Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Deutsche Bank boosted their price objective on Pinnacle Entertainment from $20.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Finally, Stifel Nicolaus boosted their price objective on Pinnacle Entertainment from $23.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pinnacle Entertainment currently has an average rating of “Hold” and a consensus price target of $27.57.

Pinnacle Entertainment Inc (PNK) traded down $0.56 on Tuesday, reaching $32.17. The company had a trading volume of 525,439 shares, compared to its average volume of 634,200. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of -11.36. Pinnacle Entertainment Inc has a 1 year low of $13.61 and a 1 year high of $33.59. The firm has a market cap of $2,121.68, a price-to-earnings ratio of 64.34 and a beta of 1.45.

Pinnacle Entertainment (NASDAQ:PNK) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Pinnacle Entertainment had a negative return on equity of 13.12% and a net margin of 1.23%. The company had revenue of $647.40 million for the quarter, compared to the consensus estimate of $652.13 million. During the same quarter in the prior year, the business earned ($0.01) EPS. Pinnacle Entertainment’s revenue was up 8.8% on a year-over-year basis. research analysts anticipate that Pinnacle Entertainment Inc will post 0.81 earnings per share for the current year.

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Pinnacle Entertainment Profile

Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.

Institutional Ownership by Quarter for Pinnacle Entertainment (NASDAQ:PNK)

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