Penn National Gaming, Inc. (NASDAQ:PENN) CEO Timothy J. Wilmott sold 4,900 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $23.02, for a total value of $112,798.00. Following the transaction, the chief executive officer now owns 460,600 shares in the company, valued at $10,603,012. The sale was disclosed in a document filed with the SEC, which is available at this link.

Penn National Gaming (NASDAQ:PENN) last posted its earnings results on Thursday, July 27th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Penn National Gaming had a net margin of 2.39% and a negative return on equity of 16.72%. The firm had revenue of $796.50 million during the quarter, compared to the consensus estimate of $788.65 million. During the same period in the prior year, the company posted $0.37 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year.

ILLEGAL ACTIVITY NOTICE: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/21/penn-national-gaming-inc-penn-ceo-timothy-j-wilmott-sells-4900-shares-of-stock.html.

A number of hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new position in Penn National Gaming in the second quarter valued at about $20,760,000. Piedmont Investment Advisors LLC bought a new position in Penn National Gaming in the second quarter valued at about $385,000. Sterling Capital Management LLC lifted its holdings in Penn National Gaming by 140.1% in the second quarter. Sterling Capital Management LLC now owns 77,839 shares of the company’s stock valued at $1,665,000 after acquiring an additional 45,420 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Penn National Gaming by 6.9% in the second 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 during the period. Finally, California State Teachers Retirement System lifted its holdings in Penn National Gaming by 2.3% in the second quarter. California State Teachers Retirement System now owns 150,218 shares of the company’s stock valued at $3,215,000 after acquiring an additional 3,398 shares during the period. 95.31% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on PENN. BidaskClub upgraded Penn National Gaming from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective (up from $22.00) on shares of Penn National Gaming in a research note on Thursday, June 22nd. Instinet restated a “neutral” rating and set a $21.00 price objective (up from $19.00) on shares of Penn National Gaming in a research note on Monday, June 19th. Zacks Investment Research upgraded Penn National Gaming from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $23.00 price objective on shares of Penn National Gaming in a research note on Friday, July 14th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus 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.

Receive News & Ratings for Penn National Gaming Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming Inc. and related companies with MarketBeat.com's FREE daily email newsletter.