New York State Teachers Retirement System decreased its stake in Golden Entertainment, Inc. (NASDAQ:GDEN – Free Report) by 35.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,321 shares of the company’s stock after selling 3,424 shares during the quarter. New York State Teachers Retirement System’s holdings in Golden Entertainment were worth $264,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Royce & Associates LP boosted its position in Golden Entertainment by 11.6% during the first quarter. Royce & Associates LP now owns 33,917 shares of the company’s stock worth $1,476,000 after acquiring an additional 3,538 shares during the last quarter. EA Series Trust acquired a new position in Golden Entertainment during the second quarter worth about $1,519,000. Fund 1 Investments LLC boosted its position in Golden Entertainment by 86.5% during the first quarter. Fund 1 Investments LLC now owns 312,313 shares of the company’s stock worth $13,589,000 after acquiring an additional 144,883 shares during the last quarter. Union Square Park Capital Management LLC acquired a new position in Golden Entertainment during the first quarter worth about $4,786,000. Finally, ExodusPoint Capital Management LP acquired a new position in Golden Entertainment during the first quarter worth about $752,000. Institutional investors and hedge funds own 66.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on GDEN. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Monday. JMP Securities decreased their target price on shares of Golden Entertainment from $56.00 to $51.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 1st.
Golden Entertainment Price Performance
Golden Entertainment stock opened at $31.37 on Friday. The company’s 50 day simple moving average is $34.48 and its 200-day simple moving average is $39.19. The company has a market capitalization of $905.34 million, a price-to-earnings ratio of 19.85 and a beta of 2.29. Golden Entertainment, Inc. has a 1 year low of $30.75 and a 1 year high of $47.49. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.96 and a current ratio of 3.01.
Golden Entertainment (NASDAQ:GDEN – Get Free Report) last released its quarterly earnings results on Monday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). The company had revenue of $286.68 million during the quarter, compared to analysts’ expectations of $284.33 million. Golden Entertainment had a net margin of 4.36% and a return on equity of 13.74%. As a group, equities research analysts expect that Golden Entertainment, Inc. will post 1.24 earnings per share for the current year.
About Golden Entertainment
Golden Entertainment, Inc, together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through five segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, Nevada Taverns, and Distributed Gaming.
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