Bamco Inc. NY Has $129.16 Million Position in Penn National Gaming, Inc (NASDAQ:PENN)

Bamco Inc. NY grew its stake in Penn National Gaming, Inc (NASDAQ:PENN) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,521,824 shares of the company’s stock after purchasing an additional 35,400 shares during the quarter. Bamco Inc. NY owned approximately 6.06% of Penn National Gaming worth $129,155,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PENN. GRT Capital Partners L.L.C. grew its position in Penn National Gaming by 0.5% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 19,086 shares of the company’s stock worth $408,000 after purchasing an additional 86 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Penn National Gaming by 3.8% in the second quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock valued at $235,000 after acquiring an additional 405 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Penn National Gaming by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after acquiring an additional 482 shares in the last quarter. Turner Investments LLC boosted its holdings in shares of Penn National Gaming by 6.3% in the second quarter. Turner Investments LLC now owns 17,000 shares of the company’s stock valued at $364,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Penn National Gaming by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 436,175 shares of the company’s stock valued at $9,334,000 after acquiring an additional 1,587 shares in the last quarter. Institutional investors and hedge funds own 97.53% of the company’s stock.

PENN has been the subject of a number of research reports. Deutsche Bank raised their target price on shares of Penn National Gaming from $29.00 to $32.00 in a report on Monday, December 18th. TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research report on Monday, November 13th. Union Gaming Research upped their price target on shares of Penn National Gaming to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Penn National Gaming in a research report on Monday, December 18th. Finally, Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Saturday, October 7th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.00.

Penn National Gaming, Inc (NASDAQ PENN) traded down $0.59 during midday trading on Tuesday, reaching $30.74. 1,212,751 shares of the company’s stock traded hands, compared to its average volume of 1,053,200. The firm has a market cap of $2,856.13, a price-to-earnings ratio of 3.53, a price-to-earnings-growth ratio of 7.96 and a beta of 1.04. Penn National Gaming, Inc has a 52 week low of $13.00 and a 52 week high of $31.65. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 18.36.

In other news, CEO Timothy J. Wilmott sold 11,159 shares of Penn National Gaming stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $24.03, for a total transaction of $268,150.77. Following the completion of the sale, the chief executive officer now owns 456,100 shares in the company, valued at approximately $10,960,083. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jay A. Snowden sold 110,000 shares of Penn National Gaming stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the sale, the insider now owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The disclosure for this sale can be found here. Insiders have sold a total of 222,494 shares of company stock valued at $5,468,744 over the last ninety days. 10.17% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Bamco Inc. NY Has $129.16 Million Position in Penn National Gaming, Inc (NASDAQ:PENN)” was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.truebluetribune.com/2018/01/03/bamco-inc-ny-increases-stake-in-penn-national-gaming-inc-penn-2.html.

Penn National Gaming Company Profile

Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.

Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

Receive News & Ratings for Penn National Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply