Texas Permanent School Fund Grows Stock Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

Texas Permanent School Fund increased its holdings in Golden Entertainment, Inc. (NASDAQ:GDENGet Rating) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,789 shares of the company’s stock after buying an additional 1,120 shares during the period. Texas Permanent School Fund owned about 0.06% of Golden Entertainment worth $551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd boosted its position in shares of Golden Entertainment by 161.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 544 shares of the company’s stock worth $32,000 after buying an additional 336 shares in the last quarter. KBC Group NV purchased a new position in Golden Entertainment in the 2nd quarter valued at about $69,000. American Century Companies Inc. purchased a new position in Golden Entertainment in the 1st quarter valued at about $203,000. ProShare Advisors LLC purchased a new position in Golden Entertainment in the 1st quarter valued at about $228,000. Finally, SG Americas Securities LLC purchased a new position in Golden Entertainment in the 2nd quarter valued at about $177,000. 68.63% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Stock Down 0.1 %

GDEN opened at $38.68 on Monday. The firm has a 50 day moving average price of $40.85 and a 200 day moving average price of $40.35. The company has a market cap of $1.10 billion, a PE ratio of 13.67 and a beta of 2.38. Golden Entertainment, Inc. has a 1 year low of $32.53 and a 1 year high of $59.96. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.86 and a current ratio of 1.91.

Golden Entertainment (NASDAQ:GDENGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The business had revenue of $278.99 million for the quarter, compared to analyst estimates of $268.92 million. Golden Entertainment had a return on equity of 27.23% and a net margin of 8.04%. Sell-side analysts expect that Golden Entertainment, Inc. will post 2.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on GDEN shares. CBRE Group restated a “buy” rating and issued a $58.00 target price on shares of Golden Entertainment in a report on Thursday, October 20th. Jefferies Financial Group lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating and reduced their target price for the company from $60.00 to $43.00 in a report on Monday, January 9th. JMP Securities dropped their price objective on shares of Golden Entertainment from $79.00 to $57.00 and set a “market outperform” rating for the company in a research note on Monday, December 12th. Finally, StockNews.com began coverage on shares of Golden Entertainment in a research note on Wednesday, October 12th. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.29.

Golden Entertainment Company Profile

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Golden Entertainment, Inc, together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities.

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Institutional Ownership by Quarter for Golden Entertainment (NASDAQ:GDEN)

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