Pinnacle Entertainment (NYSE:PNK) has climbed 0.5% in the past week and advanced 15% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.74% and the outperformance has advanced to 13.57% for the last 4 weeks period. Pinnacle Entertainment Inc. is up 17.88% in the last 3-month period. Year-to-Date the stock performance stands at 16.29%. The company shares have dropped -1.93% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $41.66 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.56 and the 200 Day Moving Average price is recorded at $32.27.
Investment Firm, Rhumbline Advisers increased its position in PNK during the Fourth Quarter period, The investment management firm scooped up 6,150 additional shares and now has a total position of 85,670 shares of PNK which is valued at $2,688,325. PNK makes up approx 0.01% of Rhumbline Advisers s portfolio. Also, Penn Capital Co Inc increased its position in PNK during the Fourth Quarter period, The investment management firm scooped up 9,804 additional shares and now has a total position of 534,496 shares of PNK which is valued at $16,772,484. PNK makes up approx 0.96% of Penn Capital Co Inc s portfolio.
Pinnacle Entertainment (NYSE:PNK) : On Friday heightened volatility was witnessed in Pinnacle Entertainment (NYSE:PNK) which led to swings in the share price. The stock opened for trading at $37.12 and hit $37.49 on the upside , eventually ending the session at $36.19, with a gain of 1.77% or 0.63 points. The heightened volatility saw the trading volume jump to 2,279,331 shares. The 52-week high of the share price is $41.66 and the company has a market cap of $2,210 million. The 52-week low of the share price is at $26.38 .
Many analysts have stated their opinion on the company shares. Barclays upgrades its rating on Pinnacle Entertainment (NYSE:PNK). The global brokerage major raises the current price target from $34 per share to $41 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on April 8, 2016.
Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The key properties in the Companys Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, River City and Belterra Park. The key properties in the Companys South segment include Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, LAuberge Baton Rouge and LAuberge Lake Charles. The key properties in the Companys West segment include Ameristar Black Hawk and Cactus Petes and Horseshu. The Company owns and operates around 15 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Ohio. It also holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack located outside of San Antonio, Texas.