MML Investors Services LLC Boosts Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

MML Investors Services LLC raised its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) by 22.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,686 shares of the company’s stock after purchasing an additional 1,231 shares during the period. MML Investors Services LLC’s holdings in Golden Entertainment were worth $233,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. WINTON GROUP Ltd increased its stake in shares of Golden Entertainment by 167.1% in the second quarter. WINTON GROUP Ltd now owns 13,873 shares of the company’s stock worth $549,000 after purchasing an additional 8,679 shares in the last quarter. CastleKnight Management LP increased its stake in shares of Golden Entertainment by 50.0% in the second quarter. CastleKnight Management LP now owns 39,300 shares of the company’s stock worth $1,554,000 after purchasing an additional 13,100 shares in the last quarter. Royce & Associates LP increased its stake in shares of Golden Entertainment by 119.3% in the third quarter. Royce & Associates LP now owns 21,259 shares of the company’s stock worth $742,000 after purchasing an additional 11,565 shares in the last quarter. RK Capital Management LLC increased its stake in shares of Golden Entertainment by 58.1% in the third quarter. RK Capital Management LLC now owns 336,800 shares of the company’s stock worth $11,751,000 after purchasing an additional 123,800 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of Golden Entertainment by 7.6% in the third quarter. Texas Permanent School Fund now owns 15,789 shares of the company’s stock worth $551,000 after purchasing an additional 1,120 shares in the last quarter. Hedge funds and other institutional investors own 68.63% of the company’s stock.

Analyst Upgrades and Downgrades

GDEN has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 price objective on shares of Golden Entertainment in a research note on Thursday, March 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Golden Entertainment from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. Finally, Jefferies Financial Group cut shares of Golden Entertainment from a “buy” rating to a “hold” rating and reduced their price objective for the company from $60.00 to $43.00 in a research note on Monday, January 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Golden Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Golden Entertainment Stock Down 3.2 %

Shares of Golden Entertainment stock opened at $40.66 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.78 and a debt-to-equity ratio of 2.55. The company’s fifty day simple moving average is $39.95 and its two-hundred day simple moving average is $40.12. The company has a market cap of $1.15 billion, a P/E ratio of 15.70 and a beta of 2.38. Golden Entertainment, Inc. has a 12-month low of $32.53 and a 12-month high of $59.96.

Golden Entertainment (NASDAQ:GDEN – Get Rating) last released 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 analysts’ expectations of $280.51 million. Golden Entertainment had a return on equity of 24.23% and a net margin of 7.34%. Research analysts anticipate that Golden Entertainment, Inc. will post 2.14 EPS for the current year.

About Golden Entertainment

(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.