Louisiana State Employees Retirement System Reduces Stock Holdings in Golden Entertainment, Inc. (NASDAQ:GDEN)

Louisiana State Employees Retirement System reduced its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,900 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Golden Entertainment were worth $313,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. DAVENPORT & Co LLC boosted its holdings in shares of Golden Entertainment by 26.6% in the 4th 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 during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Golden Entertainment by 5.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company’s stock valued at $1,005,000 after purchasing an additional 1,672 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Golden Entertainment by 42.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock valued at $325,000 after purchasing an additional 3,037 shares during the period. Barclays PLC lifted its stake in shares of Golden Entertainment by 84.7% in the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock valued at $1,556,000 after purchasing an additional 22,440 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 24,264 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Truist Financial decreased their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Macquarie decreased 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 note on Friday, November 8th. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, JMP Securities reiterated a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Golden Entertainment presently has an average rating of “Moderate Buy” and an average target price of $36.57.

Golden Entertainment Stock Performance

NASDAQ:GDEN opened at $33.55 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company has a fifty day moving average of $32.33 and a two-hundred day moving average of $31.75. The stock has a market capitalization of $920.24 million, a PE ratio of 27.06 and a beta of 2.21. Golden Entertainment, Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $37.41.

Insiders Place Their Bets

In other news, Director Terrence Wright sold 16,586 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the sale, the director now directly owns 61,616 shares in the company, valued at $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 29.10% of the stock is currently owned by company insiders.

About Golden Entertainment

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.