Pinnacle Entertainment, Inc. (PNK) Files Form 4 Insider Buying : Anthony Michael Sanfilippo Buys 81,000 Shares

Pinnacle Entertainment, Inc. (PNK): Anthony Michael Sanfilippo , CEO of Pinnacle Entertainment, Inc. purchased 81,000 shares on Jun 3, 2016. The Insider buying transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.88 per share for a total value of $884,426.44 , 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 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.Also, On Jan 19, 2016, John A Godfrey (EVP, Sec. & GC) sold 1,000 shares at $7.22 per share price.

Pinnacle Entertainment Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in Pinnacle Entertainment Inc which led to swings in the share price. The shares opened for trading at $11 and hit $11.05 on the upside , eventually ending the session at $11.01, with a gain of 0.36% or 0.04 points. The heightened volatility saw the trading volume jump to 6,50,988 shares. The 52-week high of the share price is $41.66 and the company has a market cap of $672 M . The 52-week low of the share price is at $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.

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