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

New York State Teachers Retirement System lessened its stake in Golden Entertainment, Inc. (NASDAQ:GDEN) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC raised its position in Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock worth $40,864,000 after acquiring an additional 271,782 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Golden Entertainment by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company’s stock worth $1,005,000 after purchasing an additional 1,672 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in 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 buying an additional 3,037 shares in the last quarter. Barclays PLC boosted 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 during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after buying an additional 24,264 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Trading Down 2.7 %

NASDAQ:GDEN opened at $31.57 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock’s 50 day simple moving average is $32.29 and its 200-day simple moving average is $31.88. Golden Entertainment, Inc. has a 12-month low of $27.42 and a 12-month 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.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 61,616 shares in the company, valued at $1,926,116.16. The trade was a 21.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 29.10% of the company’s stock.

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.