The EVP,Gen Counsel & Secretary of Penn National Gaming (NASDAQ: PENN) is Buying Shares

Yesterday, the EVP,Gen Counsel & Secretary of Penn National Gaming (PENNResearch Report), Carl Sottosanti, bought shares of PENN for $177.6K.

Following this transaction Carl Sottosanti’s holding in the company was increased by 55.81% to a total of $1.08 million. In addition to Carl Sottosanti, 3 other PENN executives reported Buy trades in the last month.

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The Company has a Price to Book ratio of 30.0283. Currently, Penn National Gaming has an average volume of 3.33M.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $33.00, reflecting a 44.2% upside. Five different firms, including SunTrust Robinson and Deutsche Bank, currently also have a Buy rating on the stock.

The insider sentiment on Penn National Gaming has been positive according to 56 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Penn National Gaming, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following segments: Northeast; South and West; Midwest; and Other.

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