KCG Holdings Inc. Cuts Position in Penn National Gaming, Inc. (NASDAQ:PENN)

KCG Holdings Inc. lowered its position in Penn National Gaming, Inc. (NASDAQ:PENN) by 45.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,141 shares of the company’s stock after selling 21,075 shares during the period. KCG Holdings Inc.’s holdings in Penn National Gaming were worth $463,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Nine Chapters Capital Management LLC boosted its position in shares of Penn National Gaming by 4.1% in the first quarter. Nine Chapters Capital Management LLC now owns 17,700 shares of the company’s stock worth $326,000 after buying an additional 700 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Penn National Gaming by 11.8% in the first quarter. Van ECK Associates Corp now owns 10,543 shares of the company’s stock worth $194,000 after buying an additional 1,114 shares during the last quarter. Adams Diversified Equity Fund Inc. boosted its position in shares of Penn National Gaming by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 77,400 shares of the company’s stock worth $1,426,000 after buying an additional 2,200 shares during the last quarter. American International Group Inc. boosted its position in shares of Penn National Gaming by 7.1% in the first quarter. American International Group Inc. now owns 45,896 shares of the company’s stock worth $846,000 after buying an additional 3,027 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Penn National Gaming by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 124,065 shares of the company’s stock worth $1,711,000 after buying an additional 4,337 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Shares of Penn National Gaming, Inc. (PENN) traded down 2.48% on Tuesday, reaching $20.41. The company’s stock had a trading volume of 729,642 shares. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 27.51 and a beta of 1.01. The stock has a 50-day moving average of $20.96 and a 200 day moving average of $18.01. Penn National Gaming, Inc. has a 52-week low of $11.93 and a 52-week high of $22.19.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.25 by $0.07. Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.50%. The business had revenue of $796.50 million for the quarter, compared to analysts’ expectations of $788.65 million. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that Penn National Gaming, Inc. will post $0.64 earnings per share for the current year.

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A number of brokerages recently commented on PENN. BidaskClub cut Penn National Gaming from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine cut Penn National Gaming from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Telsey Advisory Group lifted their target price on Penn National Gaming from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 target price on shares of Penn National Gaming in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.00.

Penn National Gaming Company 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.

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

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