Penn National Gaming Inc (NASDAQ:PENN) Institutional Investors Quarterly Sentiment

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Sentiment for Penn National Gaming Inc (NASDAQ:PENN)

Penn National Gaming Inc (NASDAQ:PENN) institutional sentiment decreased to 1.18 in Q2 2018. Its down -0.16, from 1.34 in 2018Q1. The ratio dropped, as 116 funds increased or started new positions, while 98 sold and decreased their stock positions in Penn National Gaming Inc. The funds in our partner’s database reported: 86.01 million shares, up from 84.43 million shares in 2018Q1. Also, the number of funds holding Penn National Gaming Inc in their top 10 positions increased from 0 to 2 for an increase of 2. Sold All: 32 Reduced: 66 Increased: 71 New Position: 45.

Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company has market cap of $2.63 billion. The firm operates through Northeast, South/West, and Midwest divisions. It currently has negative earnings. As of December 31, 2016, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.

The stock increased 0.23% or $0.05 during the last trading session, reaching $22.19. About 330,181 shares traded. Penn National Gaming, Inc. (NASDAQ:PENN) has risen 44.78% since December 6, 2017 and is uptrending. It has outperformed by 29.16% the S&P500.

Analysts await Penn National Gaming, Inc. (NASDAQ:PENN) to report earnings on February, 14. They expect $-0.35 EPS, down 775.00 % or $0.31 from last year’s $-0.04 per share. After $0.38 actual EPS reported by Penn National Gaming, Inc. for the previous quarter, Wall Street now forecasts -192.11 % negative EPS growth.

Miura Global Management Llc holds 5.55% of its portfolio in Penn National Gaming, Inc. for 700,000 shares. Waterfront Capital Partners Llc owns 735,500 shares or 2.92% of their US portfolio. Moreover, Rk Capital Management Llc has 2.14% invested in the company for 289,259 shares. The Connecticut-based Tide Point Capital Management Lp has invested 2.07% in the stock. Ardsley Advisory Partners, a Connecticut-based fund reported 300,000 shares.

Since January 1, 0001, it had 2 buys, and 5 sales for $4.28 million activity.

Penn National Gaming, Inc. (NASDAQ:PENN) Ratings Coverage

Ratings analysis reveals 25% of Penn National Gaming’s analysts are positive. Out of 4 Wall Street analysts rating Penn National Gaming, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $30 while the high is $38. The stock’s average target of $35.25 is 58.86% above today’s ($22.19) share price. PENN was included in 4 notes of analysts from June 26, 2018. The company was maintained on Tuesday, July 17 by Bank of America. JP Morgan maintained Penn National Gaming, Inc. (NASDAQ:PENN) rating on Friday, November 2. JP Morgan has “Overweight” rating and $37 target. Nomura maintained it with “Neutral” rating and $30 target in Friday, November 2 report. The firm earned “Equal-Weight” rating on Tuesday, June 26 by Morgan Stanley.

More notable recent Penn National Gaming, Inc. (NASDAQ:PENN) news were published by: which released: “Implied IJH Analyst Target Price: $214 – Nasdaq” on December 03, 2018, also with their article: “Penn National Gaming to acquire operations of Greektown Casino-Hotel – Seeking Alpha” published on November 14, 2018, published: “YRC Worldwide Launches HNRY Logistics – Nasdaq” on December 03, 2018. More interesting news about Penn National Gaming, Inc. (NASDAQ:PENN) were released by: and their article: “3 Great REITs to Buy Right Now – Nasdaq” published on November 19, 2018 as well as‘s news article titled: “SL Green to Fortify Office Portfolio Through Redevelopment – Nasdaq” with publication date: December 04, 2018.

Penn National Gaming, Inc. (NASDAQ:PENN) Institutional Positions Chart

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