Golden Entertainment, Inc. (NASDAQ:GDEN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,597 shares of the company’s stock after selling 633 shares during the period. New York State Teachers Retirement System’s holdings in Golden Entertainment were worth $240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GDEN. Systematic Financial Management LP boosted its stake in shares of Golden Entertainment by 24.5% in the third 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. Barclays PLC lifted its holdings in Golden Entertainment by 84.7% in the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock worth $1,556,000 after buying an additional 22,440 shares in the last quarter. Geode Capital Management LLC boosted its position in Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after buying an additional 24,264 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Golden Entertainment by 7.6% during the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after acquiring an additional 317 shares in the last quarter. Finally, DAVENPORT & Co LLC grew 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 acquiring an additional 271,782 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDEN has been the topic of several analyst reports. Jefferies Financial Group lifted their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a research note on Thursday, January 16th. Wells Fargo & Company began coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 price target on the stock. Macquarie dropped their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.57.

Golden Entertainment Stock Performance

Shares of NASDAQ GDEN 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 has a market cap of $865.93 million, a P/E ratio of 25.46 and a beta of 2.21. The stock has a fifty day moving average price of $32.29 and a two-hundred day moving average price of $31.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Insider Buying and Selling

In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the transaction, the director now owns 61,616 shares in the company, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 29.10% of the stock is currently owned by insiders.

Golden Entertainment 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.