WINTON GROUP Ltd Acquires New Position in Penn National Gaming, Inc (PENN)

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WINTON GROUP Ltd acquired a new stake in shares of Penn National Gaming, Inc (NASDAQ:PENN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 40,041 shares of the company’s stock, valued at approximately $1,051,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PENN. Raymond James Financial Services Advisors Inc. purchased a new stake in Penn National Gaming during the 4th quarter valued at about $212,000. PHH Investments Ltd. purchased a new stake in Penn National Gaming during the 4th quarter valued at about $235,000. Mackay Shields LLC purchased a new stake in Penn National Gaming during the 1st quarter valued at about $247,000. Cambria Investment Management L.P. purchased a new stake in Penn National Gaming during the 1st quarter valued at about $292,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Penn National Gaming during the 1st quarter valued at about $296,000. 97.24% of the stock is owned by institutional investors.

Penn National Gaming opened at $33.59 on Friday, Marketbeat reports. Penn National Gaming, Inc has a 1-year low of $19.98 and a 1-year high of $36.29. The company has a debt-to-equity ratio of -138.00, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $3.08 billion, a PE ratio of 37.64 and a beta of 1.46.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.09. Penn National Gaming had a net margin of 17.04% and a negative return on equity of 92.84%. The business had revenue of $816.10 million during the quarter, compared to analysts’ expectations of $805.70 million. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts forecast that Penn National Gaming, Inc will post 1.69 earnings per share for the current fiscal year.

In other news, CEO Timothy J. Wilmott sold 84,084 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $30.30, for a total value of $2,547,745.20. Following the transaction, the chief executive officer now directly owns 580,093 shares in the company, valued at approximately $17,576,817.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy J. Wilmott sold 102,528 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $30.41, for a total transaction of $3,117,876.48. Following the completion of the transaction, the chief executive officer now owns 615,395 shares in the company, valued at $18,714,161.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 319,584 shares of company stock worth $10,208,193. Company insiders own 10.56% of the company’s stock.

PENN has been the subject of several research reports. Morgan Stanley upped their price objective on shares of Penn National Gaming from $29.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, April 30th. SunTrust Banks raised shares of Penn National Gaming from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. BidaskClub raised shares of Penn National Gaming from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 3rd. Finally, TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b-” rating in a research note on Monday, May 21st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $35.60.

About Penn National Gaming

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 operates through Northeast, South/West, and Midwest segments. As of December 31, 2017, 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.

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

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