4,141 Shares in Penn National Gaming, Inc (NASDAQ:PENN) Bought by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC acquired a new position in Penn National Gaming, Inc (NASDAQ:PENN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,141 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nachman Norwood & Parrott Inc purchased a new position in Penn National Gaming during the third quarter valued at $36,000. Signaturefd LLC lifted its position in Penn National Gaming by 89.5% during the second quarter. Signaturefd LLC now owns 813 shares of the company’s stock valued at $25,000 after purchasing an additional 384 shares in the last quarter. James Investment Research Inc. lifted its position in Penn National Gaming by 54.9% during the third quarter. James Investment Research Inc. now owns 880 shares of the company’s stock valued at $64,000 after purchasing an additional 312 shares in the last quarter. Private Capital Group LLC lifted its position in Penn National Gaming by 132.8% during the second quarter. Private Capital Group LLC now owns 1,257 shares of the company’s stock valued at $38,000 after purchasing an additional 717 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in Penn National Gaming by 357.1% during the third quarter. North Star Investment Management Corp. now owns 1,280 shares of the company’s stock valued at $93,000 after purchasing an additional 1,000 shares in the last quarter. 87.81% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on PENN shares. Bank of America lifted their target price on Penn National Gaming from $59.75 to $85.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Union Gaming Research lifted their target price on Penn National Gaming from $62.00 to $100.00 in a research report on Thursday, October 1st. ValuEngine upgraded Penn National Gaming from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Penn National Gaming from $22.00 to $31.00 and gave the company a “sell” rating in a research report on Thursday, October 1st. They noted that the move was a valuation call. Finally, Goldman Sachs Group boosted their price objective on Penn National Gaming from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Penn National Gaming currently has a consensus rating of “Buy” and an average target price of $63.75.

In other news, CAO Christine Labombard sold 13,400 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $66.36, for a total transaction of $889,224.00. Following the transaction, the chief accounting officer now owns 19,052 shares of the company’s stock, valued at $1,264,290.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Saul Reibstein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $69.55, for a total value of $1,391,000.00. Following the transaction, the director now directly owns 54,181 shares in the company, valued at approximately $3,768,288.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,221 shares of company stock worth $5,973,002. Insiders own 1.81% of the company’s stock.

Shares of NASDAQ PENN opened at $59.75 on Monday. The business’s 50 day moving average is $66.20 and its two-hundred day moving average is $39.97. The company has a debt-to-equity ratio of 4.81, a current ratio of 1.99 and a quick ratio of 1.99. Penn National Gaming, Inc has a 1-year low of $3.75 and a 1-year high of $76.62. The stock has a market capitalization of $9.74 billion, a P/E ratio of -8.52 and a beta of 2.59.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($1.69) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.06) by $0.37. Penn National Gaming had a negative return on equity of 15.63% and a negative net margin of 21.16%. The company had revenue of $305.50 million for the quarter, compared to analysts’ expectations of $242.94 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was down 76.9% on a year-over-year basis. As a group, equities research analysts anticipate that Penn National Gaming, Inc will post -0.36 earnings per share for the current fiscal year.

Penn National Gaming Company Profile

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 four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions.

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

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