New York State Common Retirement Fund Grows Position in Golden Entertainment, Inc. (NASDAQ:GDEN)

New York State Common Retirement Fund increased its position in Golden Entertainment, Inc. (NASDAQ:GDEN) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,739 shares of the company’s stock after buying an additional 19,587 shares during the quarter. New York State Common Retirement Fund owned 1.40% of Golden Entertainment worth $12,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in shares of Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock valued at $40,864,000 after buying an additional 271,782 shares during the period. Systematic Financial Management LP increased its position in Golden Entertainment by 24.5% during the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after purchasing an additional 69,207 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Golden Entertainment by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company’s stock worth $8,860,000 after purchasing an additional 38,385 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Golden Entertainment in the 3rd quarter worth about $875,000. Finally, Geode Capital Management LLC boosted its stake in shares of Golden Entertainment by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after purchasing an additional 24,264 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GDEN has been the subject of several research analyst reports. Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective for the company. JMP Securities restated a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Macquarie reduced their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group raised their price objective on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. Finally, StockNews.com raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.57.

Golden Entertainment Stock Performance

Shares of Golden Entertainment stock opened at $31.57 on Tuesday. Golden Entertainment, Inc. has a 1 year low of $27.42 and a 1 year high of $37.30. The firm’s 50-day moving average is $32.29 and its 200 day moving average is $31.88. The stock has a market cap of $865.93 million, a price-to-earnings ratio of 25.46 and a beta of 2.21. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the sale, the director now directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 29.10% of the stock is currently owned by insiders.

Golden Entertainment Company Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.