Jane Scaccetti Buys 2,500 Shares of Penn National Gaming, Inc (PENN) Stock

Penn National Gaming, Inc (NASDAQ:PENN) Director Jane Scaccetti bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $27.51 per share, for a total transaction of $68,775.00. Following the acquisition, the director now directly owns 14,831 shares in the company, valued at approximately $408,000.81. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Penn National Gaming, Inc (NASDAQ:PENN) traded up $0.02 during mid-day trading on Tuesday, reaching $27.85. 1,214,174 shares of the company’s stock were exchanged, compared to its average volume of 1,215,378. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36. Penn National Gaming, Inc has a fifty-two week low of $13.73 and a fifty-two week high of $33.30. The stock has a market cap of $2,512.44, a PE ratio of 5.28 and a beta of 1.05.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($3.40) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($3.58). Penn National Gaming had a net margin of 15.97% and a negative return on equity of 22.76%. The business had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $766.82 million. During the same period last year, the company posted $0.05 EPS. Penn National Gaming’s revenue for the quarter was up 3.5% on a year-over-year basis. sell-side analysts forecast that Penn National Gaming, Inc will post 1.39 earnings per share for the current fiscal year.

PENN has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Penn National Gaming from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Tuesday, January 9th. Jefferies Group initiated coverage on shares of Penn National Gaming in a report on Thursday, January 18th. They set a “buy” rating and a $39.00 target price on the stock. Deutsche Bank upped their target price on shares of Penn National Gaming from $29.00 to $32.00 in a report on Monday, December 18th. BidaskClub cut shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 5th. Finally, Barclays boosted their price target on shares of Penn National Gaming from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.09.

Several institutional investors have recently made changes to their positions in PENN. LS Investment Advisors LLC purchased a new stake in shares of Penn National Gaming in the 4th quarter valued at $127,000. Ameritas Investment Partners Inc. boosted its stake in shares of Penn National Gaming by 6.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after purchasing an additional 482 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Penn National Gaming by 209.1% in the 2nd quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock valued at $212,000 after purchasing an additional 6,692 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Penn National Gaming in the 4th quarter valued at $212,000. Finally, Meeder Asset Management Inc. boosted its position in Penn National Gaming by 82.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock valued at $214,000 after buying an additional 4,138 shares during the period. 97.32% of the stock is owned by institutional investors.

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About Penn National Gaming

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.

Insider Buying and Selling by Quarter for Penn National Gaming (NASDAQ:PENN)

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