Golden Entertainment, Inc. (NASDAQ:GDEN) Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) by 3.6% in the third quarter, HoldingsChannel reports. The firm owned 13,644 shares of the company’s stock after purchasing an additional 474 shares during the period. Hsbc Holdings PLC’s holdings in Golden Entertainment were worth $486,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Golden Entertainment by 155.9% in the 1st quarter. BlackRock Inc. now owns 2,908,507 shares of the company’s stock valued at $168,896,000 after acquiring an additional 1,771,873 shares in the last quarter. Capital Research Global Investors increased its holdings in Golden Entertainment by 27.1% in the first quarter. Capital Research Global Investors now owns 2,066,100 shares of the company’s stock valued at $119,978,000 after purchasing an additional 441,100 shares during the last quarter. Vanguard Group Inc. increased its holdings in Golden Entertainment by 20.8% in the first quarter. Vanguard Group Inc. now owns 1,322,194 shares of the company’s stock valued at $76,780,000 after purchasing an additional 227,562 shares during the last quarter. State Street Corp increased its holdings in Golden Entertainment by 7.8% in the second quarter. State Street Corp now owns 687,862 shares of the company’s stock valued at $27,205,000 after purchasing an additional 49,711 shares during the last quarter. Finally, Penn Capital Management Company LLC grew its stake in Golden Entertainment by 43.5% in the second quarter. Penn Capital Management Company LLC now owns 390,077 shares of the company’s stock valued at $15,428,000 after acquiring an additional 118,324 shares during the period. 68.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GDEN shares. JMP Securities reissued a “market outperform” rating and issued a $57.00 target price on shares of Golden Entertainment in a research note on Thursday, March 2nd. Jefferies Financial Group cut Golden Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the company from $60.00 to $43.00 in a research note on Monday, January 9th. Finally, JPMorgan Chase & Co. boosted their target price on Golden Entertainment from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Golden Entertainment Price Performance

NASDAQ:GDEN opened at $43.30 on Tuesday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 16.72 and a beta of 2.38. The company has a quick ratio of 1.78, a current ratio of 1.84 and a debt-to-equity ratio of 2.55. Golden Entertainment, Inc. has a 12-month low of $32.53 and a 12-month high of $59.96. The stock’s 50 day moving average price is $39.56 and its two-hundred day moving average price is $40.07.

Golden Entertainment (NASDAQ:GDEN – Get Rating) last issued its earnings results on Wednesday, March 1st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.25). The business had revenue of $279.71 million during the quarter, compared to analyst estimates of $280.51 million. Golden Entertainment had a net margin of 7.34% and a return on equity of 24.23%. On average, analysts anticipate that Golden Entertainment, Inc. will post 2.21 earnings per share for the current year.

Golden Entertainment Profile

(Get Rating)

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the following segments: Distributed Gaming and Casinos. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars, and taverns, and the operation of wholly-owned branded taverns targeting local patrons.