AlphaQuest LLC Purchases 27,074 Shares of Golden Entertainment, Inc. $GDEN

AlphaQuest LLC grew its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 2,981.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,982 shares of the company’s stock after buying an additional 27,074 shares during the quarter. AlphaQuest LLC’s holdings in Golden Entertainment were worth $660,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Golden Entertainment during the 2nd quarter valued at about $27,000. Tower Research Capital LLC TRC grew its position in shares of Golden Entertainment by 168.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock worth $79,000 after buying an additional 1,680 shares during the last quarter. Creative Planning purchased a new position in shares of Golden Entertainment during the second quarter valued at approximately $201,000. The Manufacturers Life Insurance Company bought a new position in shares of Golden Entertainment during the second quarter valued at approximately $210,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Golden Entertainment during the second quarter valued at approximately $215,000. 70.73% of the stock is owned by institutional investors.

Golden Entertainment Price Performance

GDEN stock opened at $27.26 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.10. The firm has a 50 day moving average price of $27.72 and a 200-day moving average price of $26.05. Golden Entertainment, Inc. has a 52-week low of $19.57 and a 52-week high of $35.49. The firm has a market capitalization of $713.67 million, a price-to-earnings ratio of 151.44 and a beta of 1.47.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.10). Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. The company had revenue of $154.82 million for the quarter, compared to the consensus estimate of $157.21 million. Equities research analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Golden Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 28th. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Truist Financial increased their price target on shares of Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Citizens Jmp cut Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company reiterated a “sell” rating and set a $30.00 target price (down previously from $34.00) on shares of Golden Entertainment in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $32.75.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.