Federated Hermes Inc. Sells 4,516 Shares of Golden Entertainment, Inc. (NASDAQ:GDEN)

Federated Hermes Inc. cut its holdings in shares of Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,508 shares of the company’s stock after selling 4,516 shares during the period. Federated Hermes Inc.’s holdings in Golden Entertainment were worth $1,099,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GDEN. Bank of New York Mellon Corp lifted its holdings in Golden Entertainment by 7.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 199,597 shares of the company’s stock worth $6,963,000 after buying an additional 14,324 shares in the last quarter. BlackRock Inc. lifted its holdings in Golden Entertainment by 6.3% during the 3rd quarter. BlackRock Inc. now owns 3,285,169 shares of the company’s stock worth $114,621,000 after buying an additional 194,067 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Golden Entertainment by 144.8% during the 3rd quarter. Citadel Advisors LLC now owns 18,919 shares of the company’s stock worth $660,000 after buying an additional 11,190 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in Golden Entertainment during the 3rd quarter worth $445,000. Finally, Gamco Investors INC. ET AL lifted its holdings in Golden Entertainment by 11.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 170,800 shares of the company’s stock worth $5,959,000 after buying an additional 17,800 shares in the last quarter. 68.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Golden Entertainment Stock Performance

Shares of Golden Entertainment stock opened at $39.28 on Tuesday. The company has a market capitalization of $1.11 billion, a PE ratio of 15.17 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. 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 stock’s fifty day simple moving average is $39.99 and its 200 day simple moving average is $40.11.

Golden Entertainment (NASDAQ:GDEN – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.25). The business had revenue of $279.71 million for the quarter, compared to analyst estimates of $280.51 million. Golden Entertainment had a return on equity of 24.23% and a net margin of 7.34%. On average, research analysts predict that Golden Entertainment, Inc. will post 2.14 EPS 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.