Simplex Trading buys $277,945 stake in Penn National Gaming Inc (PENN)

Penn National Gaming Inc (PENN) : Simplex Trading scooped up 17,164 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 Oct 7, 2016. The investment management firm now holds a total of 19,369 shares of Penn National Gaming Inc which is valued at $277,945.Penn National Gaming Inc makes up approximately 0.04% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in PENN in the latest quarter, The investment management firm added 1,398 additional shares and now holds a total of 9,141 shares of Penn National Gaming Inc which is valued at $125,597.

Penn National Gaming Inc opened for trading at $14.05 and hit $14.36 on the upside on Friday, eventually ending the session at $14.35, with a gain of 2.57% or 0.36 points. The heightened volatility saw the trading volume jump to 14,59,449 shares. Company has a market cap of $1,197 M.

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. 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.

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