Pinnacle Entertainment, Inc. (PNK) Files Form 4 Insider Buying : Anthony Michael Sanfilippo Buys 153,500 Shares

Pinnacle Entertainment, Inc. (PNK): Anthony Michael Sanfilippo , CEO of Pinnacle Entertainment, Inc. purchased 153,500 shares on Jun 13, 2016. The Insider buying transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.11 per share for a total value of $1,711,384.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Troy A Stremming (EVP, Gov’t Relations) purchased 15,000 shares at $11.40 per share price.On Jun 7, 2016, Anthony Michael Sanfilippo (CEO) purchased 81,000 shares at $10.88 per share price.Also, On Jun 7, 2016, Carlos Ruisanchez (CFO) purchased 30,000 shares at $11.02 per share price.On May 13, 2016, James L Martineau (director other) purchased 10,000 shares at $11.40 per share price.

Shares of Pinnacle Entertainment Inc (PNK) ended Tuesday, Jun 14, 2016 session in red amid volatile trading. The shares closed down -0.33 points or -2.95% at $10.85 with 13,64,347 shares getting traded. Post opening the session at $11.14, the shares hit an intraday low of $10.68 and an intraday high of $11.16 and the price vacillated in this range throughout the day. The company has a market cap of $662 M and the number of outstanding shares has been calculated to be 6,10,54,313 shares. The 52-week high of Pinnacle Entertainment Inc is $41.66 and the 52-week low is $9.72.

Pinnacle Entertainment Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pinnacle Entertainment Inc is Upgraded by Telsey Advisory Group to Outperform while Lowering the Price Target of the company shares to $ 19 from a previous price target of $31 . Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on May 11, 2016.Pinnacle Entertainment Inc is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $28 .The Rating was issued on Apr 5, 2016.Pinnacle Entertainment Inc is Resumed by JP Morgan to Overweight. The Rating was issued on Apr 1, 2016.

Pinnacle Entertainment Inc. (Pinnacle) is an owner operator and developer of casinos and related hospitality and entertainment facilities. The key properties in the Company’s Midwest segment include Ameristar Council Bluffs Ameristar East Chicago Ameristar Kansas City Ameristar St. Charles Belterra River City and Belterra Park. The key properties in the Company’s South segment include Ameristar Vicksburg Boomtown Bossier City Boomtown New Orleans L’Auberge Baton Rouge and L’Auberge Lake Charles. The key properties in the Company’s West segment include Ameristar Black Hawk and Cactus Petes and Horseshu. The Company owns and operates around 15 gaming entertainment properties in Colorado Indiana Iowa Louisiana Mississippi Missouri Nevada and Ohio. It also holds a majority interest in the racing license owner as well as a management contract for Retama Park Racetrack located outside of San Antonio Texas.

Leave a Reply

Pinnacle Entertainment Inc - Is it time to Sell?

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