Trade Report: The Penn National Gaming Inc. (PENN) EVP Sold $521,108.28 in Stock

The Penn National Gaming Inc. (PENN) EVP Sold $521,108.28 in Stock

Penn National Gaming Inc. (NASDAQ:PENN) EVP Carl Sottosanti sold 37,598 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $13.86, for a total transaction of $521,108.28. Following the sale, the executive vice president now directly owns 35,696 shares of the company’s stock, valued at approximately $494,746.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Penn National Gaming Inc. (NASDAQ:PENN) opened at 13.98 on Monday. The firm has a market capitalization of $1.17 billion, a PE ratio of 13.38 and a beta of 0.89. The firm has a 50-day moving average of $13.36 and a 200 day moving average of $14.10. Penn National Gaming Inc. has a 12 month low of $11.93 and a 12 month high of $17.40.

Penn National Gaming (NASDAQ:PENN) last posted its earnings results on Thursday, October 27th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.23. The firm earned $765.60 million during the quarter, compared to the consensus estimate of $757.06 million. Penn National Gaming had a net margin of 3.15% and a negative return on equity of 15.31%. The company’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Penn National Gaming Inc. will post $1.01 earnings per share for the current year.

A number of research firms recently issued reports on PENN. Union Gaming Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating in a research report on Tuesday, October 4th. Zacks Investment Research cut shares of Penn National Gaming from a “hold” rating to a “sell” rating in a research report on Friday, October 7th. Finally, Telsey Advisory Group lowered their price objective on shares of Penn National Gaming from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.77.

Several institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. increased its position in Penn National Gaming by 4.9% in the second quarter. Suntrust Banks Inc. now owns 12,742 shares of the company’s stock valued at $177,000 after buying an additional 592 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in Penn National Gaming during the second quarter valued at $147,000. Quantbot Technologies LP acquired a new position in Penn National Gaming during the second quarter valued at $165,000. Emerald Advisers Inc. PA increased its position in Penn National Gaming by 19.6% in the second quarter. Emerald Advisers Inc. PA now owns 1,463,743 shares of the company’s stock valued at $20,419,000 after buying an additional 240,370 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in Penn National Gaming by 19.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 811,806 shares of the company’s stock valued at $11,325,000 after buying an additional 134,590 shares during the last quarter.

Penn National Gaming Company Profile

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