Hg Vora Capital Management Stake in Penn Natl Gaming (PENN) Has Cut by $52.33 Million as Share Value Rose; Nokomis Capital Holding In Qep Res (QEP) Was Lifted

March 11, 2018 - By Henry Gaston

Parag Vora decreased its stake in Penn Natl Gaming Inc (PENN) by 27.33% based on its latest 2017Q3 regulatory filing with the SEC. Hg Vora Capital Management Llc sold 2.28 million shares as the company’s stock rose 37.89% with the market. The hedge fund run by Parag Vora held 6.05M shares of the consumer services company at the end of 2017Q3, valued at $141.51 million, down from 8.33 million at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Penn Natl Gaming Inc for a number of months, seems to be less bullish one the $2.48B market cap company. The stock increased 3.14% or $0.83 during the last trading session, reaching $27.25. About 905,357 shares traded. Penn National Gaming, Inc. (NASDAQ:PENN) has risen 33.06% since March 11, 2017 and is uptrending. It has outperformed by 16.36% the S&P500.

Brett Hendrickson increased its stake in Qep Res Inc (QEP) by 8.14% based on its latest 2017Q3 regulatory filing with the SEC. Nokomis Capital Llc bought 64,900 shares as the company’s stock declined 33.02% while stock markets rallied. The hedge fund run by Brett Hendrickson held 861,949 shares of the energy company at the end of 2017Q3, valued at $7.39M, up from 797,049 at the end of the previous reported quarter. Nokomis Capital Llc who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $2.24B market cap company. The stock increased 4.49% or $0.4 during the last trading session, reaching $9.3. About 8.31 million shares traded or 28.79% up from the average. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since March 11, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.07, from 1.3 in 2017Q2. It is negative, as 37 investors sold QEP shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported. Moreover, Ngam Advsr Limited Partnership has 0.03% invested in QEP Resources, Inc. (NYSE:QEP). Hudson Bay Mgmt Limited Partnership stated it has 0.11% in QEP Resources, Inc. (NYSE:QEP). Profund Advisors Ltd Llc accumulated 0.01% or 33,795 shares. Quantitative Investment Mgmt Limited Liability reported 0.11% stake. Retirement System Of Alabama invested 0.05% of its portfolio in QEP Resources, Inc. (NYSE:QEP). J Goldman Co L P, New York-based fund reported 24,100 shares. Guggenheim Capital Ltd Liability Corp, Illinois-based fund reported 255,555 shares. Bogle Investment Management Limited Partnership De reported 999,254 shares. Pnc Financial Service Group Incorporated holds 0% or 76,911 shares. Nuveen Asset Limited owns 34,500 shares or 0% of their US portfolio. Frontier Capital Mngmt Limited Co stated it has 3.11M shares or 0.19% of all its holdings. Loomis Sayles Co Ltd Partnership stated it has 735,920 shares. Neuberger Berman Grp Ltd Liability Corp has 0% invested in QEP Resources, Inc. (NYSE:QEP). Louisiana State Employees Retirement System holds 64,200 shares or 0.03% of its portfolio. Zacks Management has invested 0% of its portfolio in QEP Resources, Inc. (NYSE:QEP).

Among 25 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. QEP Resources had 62 analyst reports since August 7, 2015 according to SRatingsIntel. Goldman Sachs upgraded QEP Resources, Inc. (NYSE:QEP) on Thursday, November 19 to “Buy” rating. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Buy” rating by Zacks on Monday, August 10. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, January 11. Barclays Capital downgraded the shares of QEP in report on Tuesday, November 7 to “Equal-Weight” rating. Mizuho maintained QEP Resources, Inc. (NYSE:QEP) on Tuesday, January 16 with “Buy” rating. The rating was initiated by Mizuho with “Buy” on Thursday, October 6. The stock has “Hold” rating by FBR Capital on Monday, February 5. The stock has “Neutral” rating by Mizuho on Tuesday, March 21. FBR Capital maintained the shares of QEP in report on Friday, March 9 with “Hold” rating. Wells Fargo upgraded QEP Resources, Inc. (NYSE:QEP) on Friday, February 10 to “Outperform” rating.

Hg Vora Capital Management Llc, which manages about $2.19 billion and $740.50 million US Long portfolio, upped its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 2.25M shares to 7.00M shares, valued at $224.35 million in 2017Q3, according to the filing.

Since September 18, 2017, it had 2 insider buys, and 7 insider sales for $7.14 million activity. 400 Penn National Gaming, Inc. (NASDAQ:PENN) shares with value of $9,200 were sold by WILMOTT TIMOTHY J. On Friday, February 9 the insider SCACCETTI JANE bought $68,775.

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.09, from 1.26 in 2017Q2. It increased, as 20 investors sold PENN shares while 57 reduced holdings. 38 funds opened positions while 66 raised stakes. 87.76 million shares or 3.65% more from 84.67 million shares in 2017Q2 were reported. Deutsche Savings Bank Ag has 1.18 million shares. Bamco Incorporated Ny has invested 0.61% in Penn National Gaming, Inc. (NASDAQ:PENN). Lord Abbett & Limited Liability holds 987,227 shares. Moreover, Verition Fund Ltd Limited Liability Company has 0.02% invested in Penn National Gaming, Inc. (NASDAQ:PENN). Metropolitan Life Company owns 114,878 shares or 0.02% of their US portfolio. Teachers Retirement Systems Of The State Of Kentucky has 26,000 shares for 0.01% of their portfolio. New York State Teachers Retirement Systems reported 33,604 shares or 0% of all its holdings. Prescott Gru Cap Mngmt Ltd Liability Co accumulated 102,750 shares. Virginia Retirement Et Al has 14,400 shares. Savings Bank Of America De has invested 0% in Penn National Gaming, Inc. (NASDAQ:PENN). Invesco has invested 0.04% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN). Bnp Paribas Arbitrage invested in 0% or 56,140 shares. Kings Point Mngmt holds 0.01% or 1,000 shares in its portfolio. Moreover, Menta Ltd has 0.32% invested in Penn National Gaming, Inc. (NASDAQ:PENN). Horizon Kinetics Ltd Com, a New York-based fund reported 17,268 shares.

Analysts await Penn National Gaming, Inc. (NASDAQ:PENN) to report earnings on April, 26. They expect $0.41 earnings per share, up 70.83% or $0.17 from last year’s $0.24 per share. PENN’s profit will be $37.27M for 16.62 P/E if the $0.41 EPS becomes a reality. After $-0.04 actual earnings per share reported by Penn National Gaming, Inc. for the previous quarter, Wall Street now forecasts -1,125.00% EPS growth.