Shares are trading at $22.80 a bit higher than the 50 day moving average which is $21.46 and a great deal higher than the 200 day moving average of $19.78. The 50 day moving average was up by +6.22% and the 200 day average went up $3.02 or +15.26%. Trading volume for Penn National Gaming, Inc. was 372K by the end of trading on Wednesday. Trading volume was down 67.23% under the stocks average daily volume.
Traders are a little more bearish on the company recently as evidenced by the change in short interest. The firm recorded a rise in short interest between August 15, 2017 and August 31, 2017 of 8.00%. Short shares grew from 11,733,247 to 12,671,878 over that period. The short-interest ratio increased to 18.0 and the percentage of shorted shares is 0.14% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (PENN). Waterfront Capital Partners, LLC augmented its holdings by buying 566,913 shares an increase of 110.0%. Waterfront Capital Partners, LLC now controls 1,082,055 shares worth $23,156,000. The value of the position overall is up by 143.9%. Ahl Partners Llp grew its stake by buying 125,481 shares an increase of 226.7% as of 06/30/2017. Ahl Partners Llp owns 180,831 shares with a value of $3,870,000. The total value of its holdings increased 279.0%.
Engineers Gate Manager Lp bolstered its position by buying 2,546 shares an increase of 2.1% in the quarter. Engineers Gate Manager Lp currently owns 121,495 shares valued at $2,600,000. The total value of its holdings increased 18.6%. As of the end of the quarter Jane Street Group, LLC had acquired a total of 85,868 shares growing its holdings by 603.3%. The value of the investment in PENN went from $262,000 to $2,142,000 a change of 717.6% for the reporting period.
Penn National Gaming, Inc. currently has a P/E ratio of 28.64 and the market cap is 2.08B. In the latest earnings report the EPS was $0.80 and is expected to be $0.61 for the current year with 91,059,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.16 and the next full year EPS is anticipated to be $1.19.
Penn National Gaming, Inc. (Penn), launched on December 16, 1982, is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. As of December 31, 2016, the Company operated 27 facilities in 17 jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, California and Ontario..