Insider Change: An Insider Carl Sottosanti Unloaded 37598 shares of Penn National Gaming, Inc (NASDAQ:PENN)

November 23, 2016 - By Ellis Scott

Insider Change: An Insider Carl Sottosanti Unloaded 37598 shares of Penn National Gaming, Inc (NASDAQ:PENN)

Carl Sottosanti Insider Sell

The EVP – Gen Counsel & Secretary of Penn National Gaming Inc, Carl Sottosanti is in the stock market news today. It was made public in a form filled by Carl Sottosanti and submitted to the SEC on November 23, 2016, he sold 37,598 shares from the Pinksheet-listed Penn National Gaming Inc having a market value of $521,022 U.S Dollars. The shares average price was $13.9. And, It’s sure Carl’s trade isn’t going to remain hidden as he currently is owning 19,052 shares – ( 0.02% of Penn National Gaming Inc’s Market Cap ).

Penn National Gaming, Inc (NASDAQ:PENN) Ratings Coverage

Out of 5 analysts covering Penn National Gaming (NASDAQ:PENN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $27.0 is the highest target while $17 is the lowest. The $20.30 average target is 45.73% above today’s ($13.93) stock price. Penn National Gaming has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, July 29. The rating was downgraded by Bank of America on Tuesday, January 12 to “Neutral”. The firm has “Outperform” rating by Telsey Advisory Group given on Tuesday, January 19. The stock of Penn National Gaming, Inc (NASDAQ:PENN) has “Outperform” rating given on Friday, October 28 by Telsey Advisory Group. On Friday, February 5 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The stock of Penn National Gaming, Inc (NASDAQ:PENN) has “Buy” rating given on Friday, February 5 by Stifel Nicolaus.

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.04, from 1.02 in 2016Q1. The ratio worsened, as 22 funds sold all Penn National Gaming, Inc shares owned while 60 reduced positions. 31 funds bought stakes while 53 increased positions. They now own 82.51 million shares or 3.32% more from 79.86 million shares in 2016Q1.

National Bank & Trust Of Montreal Can reported 808 shares or 0% of all its holdings. Cornerstone Cap Mngmt Limited Liability Company holds 0.01% or 83,900 shares in its portfolio. Moreover, Invesco Ltd has 0.02% invested in Penn National Gaming, Inc (NASDAQ:PENN) for 3.26 million shares. Legal General Gp Incorporated Public Ltd Com last reported 20,613 shares in the company. Eagle Asset Management has 138,505 shares for 0.01% of their US portfolio. Highline L P holds 0.78% of its portfolio in Penn National Gaming, Inc (NASDAQ:PENN) for 1.46M shares. Pnc has 0% invested in the company for 1,163 shares. Marshall Wace Llp holds 0.05% or 418,097 shares in its portfolio. Pacad Invest Limited owns 75,500 shares or 0.15% of their US portfolio. Blackrock Institutional Trust Na has invested 0% of its portfolio in Penn National Gaming, Inc (NASDAQ:PENN). Emerald Mutual Fund Advisers Trust holds 0.64% or 811,806 shares in its portfolio. Suntrust Banks Incorporated holds 0% or 12,742 shares in its portfolio. Moreover, Cowen Group Inc Incorporated Inc has 0.11% invested in Penn National Gaming, Inc (NASDAQ:PENN) for 112,313 shares. Tci Wealth accumulated 41 shares or 0% of the stock. Bamco Inc Ny reported 7.44 million shares or 0.55% of all its holdings.

The stock closed at $13.93 during the last session. It is down 18.20% since April 21, 2016 and is downtrending. It has underperformed by 23.53% the S&P500.

Penn National Gaming, Inc. is an owner and manager of gaming and racing facilities and video gaming terminal activities with a focus on slot machine entertainment. The company has a market cap of $1.17 billion. The Company’s divisions include the East/Midwest, the West and the Southern Plains segment. It has a 13.42 P/E ratio. East/Midwest segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway and Plainridge Park Casino.

According to Zacks Investment Research, “Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations.”

Analysts await Penn National Gaming, Inc (NASDAQ:PENN) to report earnings on January, 26. After $0.51 actual EPS reported by Penn National Gaming, Inc for the previous quarter, Wall Street now forecasts -127.45% negative EPS growth.

More recent Penn National Gaming, Inc (NASDAQ:PENN) news were published by: Fool.com which released: “Penn National Gaming, Inc’s Profit Jumps on U.S. Gaming Growth” on April 28, 2016. Also Businesswire.com published the news titled: “Penn National Gaming Acquires Leading Social Casino Game Developer, Rocket ..” on August 03, 2016. Nasdaq.com‘s news article titled: “Penn National Gaming Inc Q3 Profit Rises 850%” with publication date: October 27, 2016 was also an interesting one.

PENN Company Profile

Penn National Gaming, Inc. (Penn), incorporated on December 16, 1982, is an owner and manager of gaming and racing facilities and video gaming terminal activities with a focus on slot machine entertainment. The Company’s divisions include the East/Midwest, the West and the Southern Plains segment. The East/Midwest segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, 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, and Plainridge Park Casino. It also includes the Company’s Casino Rama management service contract. The West segment consists of various properties, which include Zia Park Casino, M Resort, Tropicana Las Vegas and Hollywood Casino Jamul-San Diego project. The Southern Plains segment consists of various properties, including Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Argosy Casino Riverside, Hollywood Casino Tunica, Hollywood Casino Gulf Coast, Boomtown Biloxi, Hollywood Casino St. Louis and Prairie State Gaming, and includes the Company’s investment in Kansas Entertainment, LLC, which owns the Hollywood Casino at Kansas Speedway. The Other category consists of the Company’s standalone racing operations, Rosecroft Raceway, Sanford-Orlando Kennel Club, and the Company’s joint venture interests in Sam Houston Race Park, Valley Race Park and Freehold Raceway.

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