Victory Capital Management Inc. Has $49.74 Million Position in Penn National Gaming, Inc. (NASDAQ:PENN)

Victory Capital Management Inc. raised its stake in Penn National Gaming, Inc. (NASDAQ:PENN) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,126,482 shares of the company’s stock after buying an additional 4,217 shares during the period. Victory Capital Management Inc. owned 2.34% of Penn National Gaming worth $49,738,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Penn National Gaming by 138,953.6% during the first quarter. BlackRock Inc. now owns 8,898,040 shares of the company’s stock valued at $163,992,000 after acquiring an additional 8,891,641 shares during the last quarter. FMR LLC raised its stake in shares of Penn National Gaming by 689.3% during the second quarter. FMR LLC now owns 5,132,702 shares of the company’s stock valued at $109,840,000 after acquiring an additional 4,482,402 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Penn National Gaming by 17.7% during the first quarter. Vanguard Group Inc. now owns 6,939,822 shares of the company’s stock valued at $127,901,000 after acquiring an additional 1,043,087 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Penn National Gaming during the second quarter valued at $20,760,000. Finally, Acadian Asset Management LLC raised its stake in shares of Penn National Gaming by 3,365.0% during the second quarter. Acadian Asset Management LLC now owns 951,792 shares of the company’s stock valued at $20,368,000 after acquiring an additional 924,323 shares during the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.

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Shares of Penn National Gaming, Inc. (NASDAQ:PENN) opened at $27.16 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 18.36. The company has a market cap of $2,473.25, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 6.90 and a beta of 0.97. Penn National Gaming, Inc. has a twelve month low of $12.77 and a twelve month high of $27.43.

Several research firms have recently issued reports on PENN. Telsey Advisory Group raised their price target on shares of Penn National Gaming from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley lifted their target price on shares of Penn National Gaming from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. BidaskClub downgraded shares of Penn National Gaming from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $21.91.

In other news, insider Jay A. Snowden sold 110,000 shares of Penn National Gaming stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the completion of the transaction, the insider now directly owns 46,281 shares in the company, valued at $1,160,264.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Wilmott sold 5,400 shares of Penn National Gaming stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $23.02, for a total transaction of $124,308.00. Following the transaction, the chief executive officer now owns 460,600 shares of the company’s stock, valued at $10,603,012. The disclosure for this sale can be found here. Insiders sold 420,813 shares of company stock valued at $9,924,682 over the last 90 days. Corporate insiders own 10.17% of the company’s stock.

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.

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

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