PEAK6 Investments L.P. acquired a new stake in shares of Penn National Gaming, Inc (NASDAQ:PENN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,098 shares of the company’s stock, valued at approximately $1,758,000. PEAK6 Investments L.P. owned about 0.06% of Penn National Gaming at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Bamco Inc. NY raised its position in shares of Penn National Gaming by 4.3% during the fourth quarter. Bamco Inc. NY now owns 5,757,807 shares of the company’s stock valued at $180,392,000 after buying an additional 235,983 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of Penn National Gaming during the fourth quarter valued at approximately $71,807,000. Earnest Partners LLC bought a new stake in shares of Penn National Gaming during the third quarter valued at approximately $36,544,000. Arrowstreet Capital Limited Partnership raised its position in shares of Penn National Gaming by 113.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,344,104 shares of the company’s stock valued at $42,111,000 after buying an additional 714,928 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Penn National Gaming during the fourth quarter valued at approximately $35,347,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.
In other Penn National Gaming news, insider Jay A. Snowden acquired 10,560 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was bought at an average cost of $25.98 per share, with a total value of $274,348.80. Following the completion of the purchase, the insider now directly owns 72,567 shares in the company, valued at $1,885,290.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane Scaccetti acquired 2,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $27.51 per share, with a total value of $68,775.00. Following the completion of the purchase, the director now owns 14,831 shares of the company’s stock, valued at $408,000.81. The disclosure for this purchase can be found here. 10.17% of the stock is currently owned by insiders.
Shares of Penn National Gaming, Inc (PENN) opened at $27.66 on Wednesday. The stock has a market cap of $2,470.00, a price-to-earnings ratio of 3.46 and a beta of 1.51. Penn National Gaming, Inc has a one year low of $15.06 and a one year high of $33.30. The company has a debt-to-equity ratio of -64.22, a quick ratio of 0.76 and a current ratio of 0.76.
Penn National Gaming (NASDAQ:PENN) last issued its earnings results 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). The company had revenue of $769.00 million for the quarter, compared to analysts’ expectations of $766.82 million. Penn National Gaming had a net margin of 15.97% and a negative return on equity of 27.80%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. sell-side analysts predict that Penn National Gaming, Inc will post 1.48 EPS for the current fiscal year.
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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.
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