Macquarie Group Ltd. Invests $377,000 in Penn National Gaming, Inc (PENN)

Macquarie Group Ltd. purchased a new stake in shares of Penn National Gaming, Inc (NASDAQ:PENN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,100 shares of the company’s stock, valued at approximately $377,000.

Other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its holdings in shares of Penn National Gaming by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after acquiring an additional 482 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Penn National Gaming in the second quarter worth $206,000. Royal Bank of Canada boosted its holdings in Penn National Gaming by 209.1% in the second quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock worth $212,000 after purchasing an additional 6,692 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Penn National Gaming in the second quarter worth $213,000. Finally, Meeder Asset Management Inc. boosted its holdings in Penn National Gaming by 82.8% in the third quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock worth $214,000 after purchasing an additional 4,138 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

A number of brokerages recently issued reports on PENN. BidaskClub upgraded shares of Penn National Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday. TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b+” rating in a report on Monday, November 13th. Telsey Advisory Group upped their price objective on shares of Penn National Gaming from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Saturday, October 7th. Finally, Barclays upped their price objective on shares of Penn National Gaming from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.55.

Penn National Gaming, Inc (NASDAQ:PENN) opened at $29.69 on Friday. The firm has a market cap of $2,664.55, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 7.43 and a beta of 1.04. 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 52-week low of $13.00 and a 52-week high of $29.84.

In other Penn National Gaming news, CEO Timothy J. Wilmott sold 4,900 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $23.02, for a total transaction of $112,798.00. Following the completion of the transaction, the chief executive officer now owns 460,600 shares of the company’s stock, valued at approximately $10,603,012. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay A. Snowden sold 110,000 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $25.07, for a total transaction of $2,757,700.00. Following the transaction, the insider now directly owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 350,813 shares of company stock valued at $8,441,682. Company insiders own 10.17% of the company’s stock.

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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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Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

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