Hanlon Investment Management buys $8.3 Million stake in Penn National Gaming Inc (PENN)

Penn National Gaming Inc (PENN) : Hanlon Investment Management scooped up 310,000 additional shares in Penn National Gaming Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 537,244 shares of Penn National Gaming Inc which is valued at $8.3 Million.Penn National Gaming Inc makes up approximately 0.75% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Group One Trading boosted its stake in PENN in the latest quarter, The investment management firm added 18,058 additional shares and now holds a total of 23,645 shares of Penn National Gaming Inc which is valued at $367,207. Penn National Gaming Inc makes up approx 0.04% of Group One Trading’s portfolio. Airain Ltd added PENN to its portfolio by purchasing 15,380 company shares during the most recent quarter which is valued at $238,851. Penn National Gaming Inc makes up approx 0.02% of Airain Ltd’s portfolio.New York State Common Retirement Fund boosted its stake in PENN in the latest quarter, The investment management firm added 130,297 additional shares and now holds a total of 527,342 shares of Penn National Gaming Inc which is valued at $8.4 Million. Penn National Gaming Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.

Penn National Gaming Inc (PENN) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.66 and reached the intraday high at $14.842. The bulls started the profit booking and pushed the shares to intraday low of $14.375. The trading session was marked by a volume range of 7,76,669 shares exchanging hands. The 52-week high of the shares is $20.23 and the 52-week low is $12.51. The market cap of the company stands at $1,186,378 M and there are 81,53,80,00,000 shares in public circulation.

On the company’s financial health, Penn National Gaming Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 23, 2015. Analyst had a consensus of $0.14. The company had revenue of $701.00 million for the quarter, compared to analysts expectations of $681.52 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Penn National Gaming Inc. is an owner and manager of gaming and pari-mutuel properties. The Company’s segments include the East/Midwest segment the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races Hollywood Casino at Penn National Race Course Hollywood Casino Lawrenceburg Hollywood Casino Toledo Hollywood Casino Columbus Hollywood Gaming at Dayton Raceway Hollywood Gaming at Mahoning Valley Race Course Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora Hollywood Casino Joliet Argosy Casino Alton Hollywood Casino Gulf Coast Argosy Casino Riverside Hollywood Casino Tunica Boomtown Biloxi Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino Inc. is a subsidiary of the Company.

Leave a Reply

Penn National Gaming Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Penn National Gaming Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.