Goldentree Asset Management Lp adds Penn National Gaming Inc (PENN) to its portfolio

Penn National Gaming Inc (PENN) : Goldentree Asset Management Lp added new position in Penn National Gaming Inc during the most recent quarter end. The investment management firm now holds 1,600,600 shares of Penn National Gaming Inc which is valued at $21,544,076 , the company said in a statement filed on Nov 14, 2016 with the SEC.Penn National Gaming Inc makes up approximately 6.84% of Goldentree Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Peak6 Investments boosted its stake in PENN in the latest quarter, The investment management firm added 16,264 additional shares and now holds a total of 39,220 shares of Penn National Gaming Inc which is valued at $527,901. Penn National Gaming Inc makes up approx 0.03% of Peak6 Investments’s portfolio.Cipher Capital Lp boosted its stake in PENN in the latest quarter, The investment management firm added 146,294 additional shares and now holds a total of 507,022 shares of Penn National Gaming Inc which is valued at $6,586,216. Penn National Gaming Inc makes up approx 0.41% of Cipher Capital Lp’s portfolio.Hap Trading reduced its stake in PENN by selling 86,858 shares or 74.57% in the most recent quarter. The Hedge Fund company now holds 29,615 shares of PENN which is valued at $375,518. Penn National Gaming Inc makes up approx 0.02% of Hap Trading’s portfolio.

Penn National Gaming Inc (PENN) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.84 and reached the intraday high at $13.95. The bulls started the profit booking and pushed the shares to intraday low of $13.731. The trading session was marked by a volume range of 6,66,209 shares exchanging hands. The 52-week high of the shares is $17.4 and the 52-week low is $11.93. The market cap of the company stands at $1,156 M and there are 8,35,22,580 shares in public circulation.

On the company’s financial health, Penn National Gaming Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.28. The company had revenue of $765.60 million for the quarter, compared to analysts expectations of $767.18 million. The company’s revenue was up 3.6% compared to the same quarter last year.

Many Wall Street Analysts have commented on Penn National Gaming Inc. Shares were Reiterated by Telsey Advisory Group on Oct 28, 2016 to “Outperform” and Lowered the Price Target to $ 20 from a previous price target of $21 .

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.

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