Penn National Gaming Inc (PENN) : Hanlon Investment Management scooped up 539 additional shares in Penn National Gaming Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 537,783 shares of Penn National Gaming Inc which is valued at $7,953,811.Penn National Gaming Inc makes up approximately 0.68% of Hanlon Investment Management’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in PENN by selling 13,257 shares or 7.82% in the most recent quarter. The Hedge Fund company now holds 156,320 shares of PENN which is valued at $2,311,973.Davenport Co reduced its stake in PENN by selling 149,992 shares or 17.15% in the most recent quarter. The Hedge Fund company now holds 724,651 shares of PENN which is valued at $10,101,635. Penn National Gaming Inc makes up approx 0.15% of Davenport Co’s portfolio. Cutler Group Lp sold out all of its stake in PENN during the most recent quarter. The investment firm sold 1,189 shares of PENN which is valued $16,575.
Penn National Gaming Inc closed down -0.04 points or -0.27% at $14.81 with 14,67,186 shares getting traded on Monday. Post opening the session at $14.9, the shares hit an intraday low of $14.74 and an intraday high of $15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Penn National Gaming Inc reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.28. The company had revenue of $769.40 million for the quarter, compared to analysts expectations of $777.71 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on Penn National Gaming Inc. Shares were Reiterated by Telsey Advisory Group on Jul 29, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $25 .Penn National Gaming Inc was Upgraded by Macquarie to ” Outperform” on Jun 30, 2016. Penn National Gaming Inc was Upgraded by Morgan Stanley to ” Equal-Weight” on Jun 2, 2016.
Penn National Gaming Inc. is an owner and manager of gaming and pari-mutuel properties. The Company’s segments include the East/Midwest segment the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races Hollywood Casino at Penn National Race Course Hollywood Casino Lawrenceburg Hollywood Casino Toledo Hollywood Casino Columbus Hollywood Gaming at Dayton Raceway Hollywood Gaming at Mahoning Valley Race Course Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora Hollywood Casino Joliet Argosy Casino Alton Hollywood Casino Gulf Coast Argosy Casino Riverside Hollywood Casino Tunica Boomtown Biloxi Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino Inc. is a subsidiary of the Company.