Penn National Gaming, Inc (PENN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Penn National Gaming, Inc (NASDAQ:PENN) by 31.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,447,457 shares of the company’s stock after selling 679,025 shares during the quarter. Victory Capital Management Inc.’s holdings in Penn National Gaming were worth $45,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Amalgamated Bank grew its position in shares of Penn National Gaming by 3.8% in the 2nd quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock valued at $235,000 after purchasing an additional 405 shares during the period. Ameritas Investment Partners Inc. grew its position 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 during the period. Ameriprise Financial Inc. grew its position in shares of Penn National Gaming by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 436,175 shares of the company’s stock valued at $9,334,000 after purchasing an additional 1,587 shares during the period. Alliancebernstein L.P. grew its position in shares of Penn National Gaming by 2.1% in the 2nd quarter. Alliancebernstein L.P. now owns 114,550 shares of the company’s stock valued at $2,451,000 after purchasing an additional 2,400 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Penn National Gaming by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 649,676 shares of the company’s stock valued at $15,196,000 after purchasing an additional 2,544 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Several equities analysts recently issued reports on the company. Jefferies Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Penn National Gaming in a research report on Tuesday. TheStreet upgraded Penn National Gaming from a “c+” rating to a “b+” rating in a research report on Monday, November 13th. Telsey Advisory Group boosted their price objective on Penn National Gaming from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Deutsche Bank reiterated a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of Penn National Gaming in a research report on Monday, January 22nd. Finally, Union Gaming Research boosted their target price on Penn National Gaming to $35.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Penn National Gaming currently has an average rating of “Buy” and a consensus target price of $28.73.

Shares of Penn National Gaming, Inc (PENN) opened at $29.45 on Thursday. The company has a market capitalization of $2,795.05, a P/E ratio of 41.43 and a beta of 1.05. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.82 and a quick ratio of 0.82. Penn National Gaming, Inc has a 12 month low of $13.73 and a 12 month high of $33.30.

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Penn National Gaming Profile

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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