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Penn National Gaming (NASDAQ:PENN) VP Carl Sottosanti unloaded 2,569 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $11.21, for a total value of $28,798.49. Following the completion of the transaction, the vice president now directly owns 5,266 shares in the company, valued at approximately $59,032. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Penn National Gaming (NASDAQ:PENN) traded up 3.02% during mid-day trading on Friday, hitting $11.61. The stock had a trading volume of 1,397,790 shares. Penn National Gaming has a 52-week low of $10.84 and a 52-week high of $15.50. The stock’s 50-day moving average is $12.17 and its 200-day moving average is $12.9. The company’s market cap is $894.6 million.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($11.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $11.53. The company had revenue of $644.70 million for the quarter, compared to the consensus estimate of $655.57 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, analysts predict that Penn National Gaming will post $0.26 earnings per share for the current fiscal year.

PENN has been the subject of a number of recent research reports. Analysts at Morgan Stanley cut their price target on shares of Penn National Gaming from $13.00 to $12.00 in a research note on Monday, February 10th. They now have an “equal weight” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Penn National Gaming from $16.00 to $14.00 in a research note on Friday, February 7th. Finally, analysts at Brean Capital cut their price target on shares of Penn National Gaming from $17.00 to $15.00 in a research note on Thursday, February 6th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.24.

Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.

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