Out of 4 analysts covering Penn National Gaming (NASDAQ:PENN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Penn National Gaming has been the topic of 8 analyst reports since October 23, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained the stock on July 29 with “Outperform” rating. Below is a list of Penn National Gaming, Inc (NASDAQ:PENN) latest ratings and price target changes.
29/07/2016 Broker: Telsey Advisory Group Rating: Outperform Old Target: $25.00 New Target: $21.00 Maintain
The stock decreased 1.88% or $0.26 during the last trading session, hitting $13.56. About 1.03M shares traded hands or 19.10% up from the average. Penn National Gaming, Inc (NASDAQ:PENN) has risen 7.38% since February 8, 2016 and is uptrending. It has underperformed by 9.11% the S&P500.
Penn National Gaming, Inc. is an owner and manager of gaming and racing facilities and video gaming terminal activities with a focus on slot machine entertainment. The company has a market cap of $1.16 billion. The Company’s divisions include the East/Midwest, the West and the Southern Plains segment. It has a 26.14 P/E ratio. East/Midwest segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway and Plainridge Park Casino.
The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.32, from 1.34 in 2016Q1. The ratio turned negative, as 22 funds sold all Penn National Gaming, Inc shares owned while 60 reduced positions. 31 funds bought stakes while 53 increased positions. They now own 82.51 million shares or 3.32% more from 79.86 million shares in 2016Q1.
Addison Clark Management L.L.C. holds 6.03% of its portfolio in Penn National Gaming, Inc for 274,037 shares. Rk Capital Management Llc owns 1.75 million shares or 4.36% of their US portfolio. Moreover, Covalent Partners Llc has 3.47% invested in the company for 722,287 shares. The New York-based Hg Vora Capital Management Llc has invested 3.15% in the stock. Campbell & Co Investment Adviser Llc, a Maryland-based fund reported 35,657 shares.
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