Northern Trust Corp grew its holdings in Golden Entertainment, Inc. (NASDAQ:GDEN) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 125,019 shares of the company’s stock after buying an additional 7,709 shares during the quarter. Northern Trust Corp owned approximately 0.56% of Golden Entertainment worth $2,589,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in Golden Entertainment by 11.8% during the 2nd quarter. Nationwide Fund Advisors now owns 6,360 shares of the company’s stock valued at $132,000 after buying an additional 671 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Golden Entertainment by 13.3% in the 2nd quarter. Wells Fargo & Company MN now owns 27,131 shares of the company’s stock worth $562,000 after purchasing an additional 3,175 shares in the last quarter. Mork Capital Management LLC bought a new stake in shares of Golden Entertainment in the 2nd quarter worth $518,000. Eagle Asset Management Inc. increased its holdings in shares of Golden Entertainment by 225.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 94,581 shares of the company’s stock worth $1,958,000 after purchasing an additional 65,484 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Golden Entertainment by 24.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 157,000 shares of the company’s stock worth $3,251,000 after purchasing an additional 31,000 shares in the last quarter. 23.73% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on GDEN shares. Macquarie started coverage on Golden Entertainment in a report on Wednesday, October 25th. They issued an “outperform” rating and a $35.00 target price for the company. TheStreet upgraded Golden Entertainment from a “c” rating to a “b-” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $35.00.
Golden Entertainment, Inc. (NASDAQ:GDEN) opened at $33.52 on Wednesday. The firm has a market capitalization of $883.71, a price-to-earnings ratio of 38.08 and a beta of 0.31. The company has a current ratio of 1.59, a quick ratio of 1.52 and a debt-to-equity ratio of 0.69. Golden Entertainment, Inc. has a 52-week low of $10.60 and a 52-week high of $34.75.
Golden Entertainment Profile
Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.
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