Penn National Gaming Target of Unusually High Options Trading (PENN)
Penn National Gaming, Inc (NASDAQ:PENN) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 4,798 call options on the stock. This is an increase of 2,042% compared to the average volume of 224 call options.
Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on Penn National Gaming from $22.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Barclays boosted their price target on Penn National Gaming from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. BidaskClub raised Penn National Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded Penn National Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Telsey Advisory Group downgraded Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 price objective for the company. in a report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $22.55.
In other Penn National Gaming news, CEO Timothy J. Wilmott sold 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $23.02, for a total value of $124,308.00. Following the transaction, the chief executive officer now directly owns 460,600 shares of the company’s stock, valued at $10,603,012. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy J. Wilmott sold 4,900 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $23.02, for a total value of $112,798.00. Following the completion of the transaction, the chief executive officer now directly owns 460,600 shares in the company, valued at $10,603,012. The disclosure for this sale can be found here. Over the last three months, insiders sold 350,813 shares of company stock worth $8,441,682. Insiders own 10.17% of the company’s stock.
Shares of Penn National Gaming (NASDAQ:PENN) opened at $28.92 on Friday. The company has a market capitalization of $2,630.00, a P/E ratio of 37.68, a PEG ratio of 7.08 and a beta of 1.32. Penn National Gaming has a 1-year low of $12.81 and a 1-year high of $29.25. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36.
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Penn National Gaming Company Profile
Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.
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