609 institutions hold shares in Penn National Gaming Inc. (PENN), with 6.75M shares held by insiders accounting for 4.33% while institutional investors hold 94.99% of the company’s shares. The shares outstanding are 155.30M, and float is at 148.59M with Short Float at 6.79%. Institutions hold 90.88% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 20.55 million shares valued at $1.78 billion. The investor’s holdings represent 13.13% of the PENN Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 19.26 million shares valued at $1.66 billion to account for 12.31% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 13.87 million shares representing 8.86% and valued at over $1.2 billion, while BAMCO Inc. holds 7.28% of the shares totaling 11.39 million with a market value of $984.12 million.
Penn National Gaming Inc. (NASDAQ: PENN) is 23.70% higher on its value in year-to-date trading and has touched a low of $8.69 and a high of $142.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PENN stock was last observed hovering at around $107.52 in the last trading session, with the day’s loss setting it -0.68% off its average median price target of $131.00 for the next 12 months. It is also 30.17% off the consensus price target high of $153.00 offered by 14 analysts, but current levels are -244.65% lower than the price target low of $31.00 for the same period.
Currently trading at $106.84, the stock is -6.71% and -6.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing -0.63% at the moment leaves the stock 43.49% off its SMA200. PENN registered 1060.04% gain for a year compared to 6-month gain of 44.24%. The firm has a 50-day simple moving average (SMA 50) of $115.77 and a 200-day simple moving average (SMA200) of $89.36.
The stock witnessed a -1.88% loss in the last 1 month and extending the period to 3 months gives it a 23.70%, and is 0.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.78% over the week and 7.52% over the month.
Penn National Gaming Inc. (PENN) has around 18321 employees, a market worth around $16.30B and $3.58B in sales. Fwd P/E is 41.78. Profit margin for the company is -18.70%. Distance from 52-week low is 1129.44% and -24.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.60%).
Penn National Gaming Inc. (PENN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Penn National Gaming Inc. (PENN) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Penn National Gaming Inc. is expected to release its quarterly report on 07/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $1.13B over the same period.The EPS is expected to grow by 135.40% this year, but quarterly earnings will post 39.20% year-over-year. Quarterly sales are estimated to grow 1.50% in year-over-year returns.
Penn National Gaming Inc. (PENN) Insider Activity
A total of 105 insider transactions have happened at Penn National Gaming Inc. (PENN) in the last six months, with sales accounting for 56 and purchases happening 49 times. The most recent transaction is an insider sale by Snowden Jay A, the company’s President and CEO. SEC filings show that Snowden Jay A sold 71,540 shares of the company’s common stock on Mar 15 at a price of $140.61 per share for a total of $10.06 million. Following the sale, the insider now owns 0.19 million shares.
Penn National Gaming Inc. disclosed in a document filed with the SEC on Feb 08 that SCACCETTI JANE (Director) bought a total of 820 shares of the company’s common stock. The trade occurred on Feb 08 and was made at $120.99 per share for $99212.0. Following the transaction, the insider now directly holds 41978.0 shares of the PENN stock.
Still, SEC filings show that on Feb 08, CARLINO PETER M (Chairman Emeritus) disposed off 3,000,000 shares at an average price of $123.80 for $371.4 million. The insider now directly holds 1,520,481 shares of Penn National Gaming Inc. (PENN).
Penn National Gaming Inc. (PENN): Who are the competitors?
The company’s main competitors (and peers) include Monarch Casino & Resort Inc. (MCRI) that is trading 148.38% up over the past 12 months and Churchill Downs Incorporated (CHDN) that is 182.43% higher over the same period. Boyd Gaming Corporation (BYD) is 411.65% up on the 1-year trading charts. Short interest in the company’s stock has fallen -6.85% from the last report on Feb 11, 2021 to stand at a total of 10.77 million short shares sold with a short interest ratio of 2.34.