Economy

Penn National wins mini-casino bid despite gaming expansion lawsuit

Penn National wins mini-casino bid despite gaming expansion lawsuit

About 691,134 shares traded. (NASDAQ:PENN) has risen 33.06% since January 10, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

More notable recent Penn National Gaming, Inc. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. Therefore 14% are positive. Costco Wholesale had 118 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, December 7 by Deutsche Bank. First Trust Advisors LP now owns 132,454 shares of the company's stock worth $2,835,000 after acquiring an additional 55,466 shares during the last quarter. (NASDAQ:PENN) rating on Friday, February 5. The stock now has a consensus rating of Buy and a consensus target price of $26.55.

The company filed a federal lawsuit against the state Tuesday, Jan. 9, in an effort to eliminate the potential for these Category 4 casinos, citing a "significant and unique" harm the new law could have on its Harrisburg casino. On Monday, November 20 the stock rating was maintained by Barclays Capital with "Overweight". The firm has "Buy" rating given on Friday, July 7 by Cowen & Co. Principal Fincl Group Inc owns 649,676 shares. (NASDAQ:AAPL) rating on Monday, June 19. Stifel Nicolaus has "Buy" rating and $2300 target. The firm has "Buy" rating by Nomura given on Wednesday, August 2. D E Shaw & invested in 12,786 shares. 15 funds opened positions while 40 raised stakes. Amp Invsts Ltd, a Australia-based fund reported 16,390 shares. (NASDAQ:FIVE). Quantitative Inv Llc reported 0.04% of its portfolio in Five Below, Inc. Natl Bank Of America De reported 90,101 shares or 0% of all its holdings. Pinebridge Invs Lp holds 0.05% or 93,584 shares. Wealthtrust Fairport Lc holds 29,120 shares. Annex Advisory Ser Ltd holds 28,743 shares.

Since September 29, 2017, it had 0 buys, and 3 sales for $10.21 million activity. Carderock Capital Management Inc sold 4,868 shares as the company's stock rose 1.54% with the market. Envestnet Asset Mngmt holds 3,764 shares. The average 12 month price target among brokers that have updated their coverage on the stock in the previous year is $18.28. $43.15M worth of Apple Inc. Alexandria Real Estate Equities, Inc. (NYSE:AMP) by 21,400 shares to 6,953 shares, valued at $1.03 million in 2017Q3, according to the filing.

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Investors sentiment increased to 1.35 in Q3 2017. Its down 0.37, from 1.82 in 2017Q2.

A number of other hedge funds have also bought and sold shares of PENN. Ameritas Investment Partners Inc. raised its position in Penn National Gaming by 6.9% during the second quarter. 9,779 were reported by Tower Rech Cap (Trc). Millennium Limited Liability Company reported 1.95M shares or 0.07% of all its holdings. (NASDAQ:PENN). Metropolitan Life Ins New York reported 114,878 shares. Oppenheimer Asset owns 0% invested in Penn National Gaming, Inc. Ameriprise Fincl holds 493,463 shares or 0.01% of its portfolio. Ellington Group Inc Ltd invested in 16,700 shares or 0.07% of the stock.

Wall Street brokerages expect Penn National Gaming, Inc (NASDAQ:PENN) to post earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks Investment Research. (NASDAQ:PENN). Employees Retirement Association Of Colorado stated it has 20,615 shares. 58 are owned by Asset. 67,037 are owned by Gp. It worsened, as 11 investors sold AT shares while 27 reduced holdings.

Among 11 analysts covering Penn National Gaming (NASDAQ:PENN), 4 have Buy rating, 0 Sell and 7 Hold. It also reduced Encore Wire Corp (NASDAQ:WIRE) stake by 111,111 shares and now owns 174,645 shares. Dynamic Technology Lab Private Ltd increased its position in Penn National Gaming by 143.9% in the second quarter. Therefore 36% are positive. Finally, Morgan Stanley increased their price target on Penn National Gaming from $22.00 to $26.00 and gave the company an "equal weight" rating in a report on Tuesday, October 24th. On Thursday, July 27 the stock rating was maintained by Stifel Nicolaus with "Buy". (NASDAQ:PENN) rating on Thursday, July 27. The firm has "Outperform" rating given on Friday, October 28 by Telsey Advisory Group. (NASDAQ:PENN) has "Outperform" rating given on Tuesday, January 19 by Telsey Advisory Group. Stifel Nicolaus has "Buy" rating and $20 target. The company was maintained on Tuesday, October 24 by SunTrust. (NASDAQ:PENN) rating on Thursday, October 5. On Friday, May 27 the stock rating was maintained by Citigroup with "Neutral".