Susquehanna May Have Just Upped Their Stakes in Pinnacle (NASDAQ:PNK)


Pinnacle (NASDAQ:PNK) Stock Upgrade

Susquehanna upgraded shares of Pinnacle (NASDAQ:PNK) from a Neutral rating to a solid Positive in a note revealed to investors on today.

Approximately 101,501 shares of stock traded hands. Pinnacle Entertainment, Inc (NASDAQ:PNK) has declined 11.26% since May 1, 2015 and is downtrending. It has underperformed by 8.47% the S&P500.

Pinnacle Entertainment, Inc. is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The company has a market cap of $1.98 billion. The key properties in the Company’s Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. It has 29.17 P/E ratio. Charles, Belterra, River City and Belterra Park.

According to Zacks Investment Research, “Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. The Company also receives lease income from two card club casinos, both in the Los Angeles metropolitan area.” Get a free copy of the Zacks research report on Pinnacle Entertainment, Inc (PNK).