Penn National Gaming, Inc (PENN) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in shares of Penn National Gaming, Inc (NASDAQ:PENN) by 125.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 693,720 shares of the company’s stock after acquiring an additional 386,057 shares during the quarter. New York State Common Retirement Fund owned about 0.76% of Penn National Gaming worth $16,226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PENN. FMR LLC boosted its position in shares of Penn National Gaming by 689.3% during the 2nd quarter. FMR LLC now owns 5,132,702 shares of the company’s stock worth $109,840,000 after purchasing an additional 4,482,402 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Penn National Gaming during the 2nd quarter worth about $20,760,000. Renaissance Technologies LLC boosted its position in shares of Penn National Gaming by 384.9% during the 2nd quarter. Renaissance Technologies LLC now owns 929,500 shares of the company’s stock worth $19,891,000 after purchasing an additional 737,800 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Penn National Gaming by 35.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,393,714 shares of the company’s stock worth $51,225,000 after purchasing an additional 622,482 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Penn National Gaming by 331.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 551,890 shares of the company’s stock worth $11,810,000 after purchasing an additional 424,090 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Timothy J. Wilmott sold 4,900 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $23.02, for a total value of $112,798.00. Following the transaction, the chief executive officer now owns 460,600 shares of the company’s stock, valued at approximately $10,603,012. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy J. Wilmott sold 94,200 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $23.16, for a total transaction of $2,181,672.00. Following the completion of the transaction, the chief executive officer now directly owns 479,119 shares in the company, valued at approximately $11,096,396.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 350,813 shares of company stock worth $8,441,682. 10.17% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on PENN shares. Telsey Advisory Group cut shares of Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price objective on the stock. in a research report on Friday, October 27th. TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research report on Monday, November 13th. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Saturday, October 7th. Morgan Stanley increased their price objective on shares of Penn National Gaming from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Finally, BidaskClub raised shares of Penn National Gaming from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Penn National Gaming presently has an average rating of “Buy” and a consensus price target of $22.55.

Penn National Gaming, Inc (NASDAQ:PENN) opened at $29.69 on Friday. Penn National Gaming, Inc has a 1 year low of $13.00 and a 1 year high of $29.84. The firm has a market cap of $2,641.77, a PE ratio of 39.19, a P/E/G ratio of 7.36 and a beta of 1.04. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82.

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About Penn National Gaming

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.

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

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