HighTower Advisors LLC increased its holdings in shares of Boyd Gaming Co. (NYSE:BYD – Free Report) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor now owns 13,387 shares of the company’s stock after purchasing an additional 576 shares during the period. Boyd Gaming’s holdings in HighTower Advisors LLC were worth him $817,000 as of his latest SEC filing.
A number of other hedge funds have also recently bought or sold shares of the company. Vanguard Personalized Indexing Management LLC grew its stake in Boyd Gaming by 4.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,996 shares of the company’s stock worth $912,000 after purchasing an additional 685 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in Boyd Gaming during the 3rd quarter valued at approximately $225,000. Landscape Capital Management LLC grew its stake in Boyd Gaming by 83.1% in the 3rd quarter. Landscape Capital Management LLC now owns 165,006 shares of the company’s stock worth $10,037,000 after purchasing an additional 74,879 shares in the last quarter. Amalgamated Bank raised its stake in Boyd Gaming by 3.7% in the 3rd quarter. Amalgamated Bank now owns 51,699 shares of the company’s stock valued at $3,145,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Banco Santander SA grew its stake in Boyd Gaming by 56.3% in the 3rd quarter. Banco Santander SA now owns 107,512 shares of the company’s stock valued at $6,540,000 after purchasing an additional 38,745 shares in the last quarter. Institutional investors own 67.98% of the company’s stock.
Boyd Gaming stock performance
Shares of Boyd Gaming stock opened at $63.46 on Wednesday. The company has a market capitalization of $6.21 billion, a P/E ratio of 10.40x, a P/E ratio of 2.98x, and a beta of 1.61x. The company’s current ratio is 0.80x, quick ratio is 0.77x, and debt-to-equity ratio is 1.62x. Boyd Gaming Co. has a 12 month low of $52.42 and a 12 month high of $73.00. The stock’s 50-day moving average price is $63.44 and its 200-day moving average price is $61.83.
Boyd Gaming (NYSE:BYD – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. Boyd Gaming had a return on equity of 37.07% and a net profit margin of 16.58%. The company had revenue of $954.41 million for the quarter, compared to analyst expectations of $928.04 million. In the same period last year, the company’s earnings per share were $1.72. The business’ revenue for the quarter increased 3.4% year over year. On average, equity research analysts expect Boyd Gaming, Inc. to report earnings per share of $6.18 for the current fiscal year.
Boyd Gaming announces dividend
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 22nd were paid a dividend of $0.16. The ex-dividend date was Thursday, December 21st. This equates to an annualized dividend of $0.64 and a yield of 1.01%. Boyd Gaming’s dividend payout ratio (DPR) is currently 10.49%.
Insiders place bets
In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 77,661 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $64.87, for a total value of $5,037,869.07. Following the completion of the sale, the chairman will now own 1,511,433 shares of the company’s stock, valued at $98,046,658.71. The sale was disclosed in her SEC filing, which is available at this hyperlink. In other Boyd Gaming news, COO Ted Bogich sold 41,631 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $64.79, for a total value of $2,697,272.49. Following the closing of the transaction, the chief operating officer will now directly own 66,803 shares of the company’s stock, valued at $4,328,166.37. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 77,661 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.87, for a total value of $5,037,869.07. Following the completion of the transaction, the Chairman will now directly own 1,511,433 shares of the company’s stock, valued at $98,046,658.71. Disclosures regarding this sale can be found here. Company insiders own 29.21% of the company’s stock.
Wall Street analysts predict growth
Multiple research companies have released reports on BYD. JPMorgan Chase & Co. raised their target price on shares of Boyd Gaming from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Wells Fargo & Company increased their target price on shares of Boyd Gaming from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Stifel Nicolaus reiterated a “hold” rating and set a $69.00 target price on shares of Boyd Gaming in a research note on Friday, January 5th. Susquehanna reiterated a “neutral” rating and set a price objective on shares of Boyd Gaming at $75.00 (down from $84.00) in a research note on Monday, February 12th. Finally, Morgan Stanley increased their target price on shares of Boyd Gaming from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Four investment analysts have rated the stock as a “hold” and six have rated it a “buy”. According to MarketBeat.com, Boyd Gaming currently has an average rating of “Moderate Buy” and a consensus target price of $75.67.
Check out the latest BYD stock report.
Boyd Gaming Profile
(Free report)
Boyd Gaming Corporation, along with its subsidiaries, operates as a multijurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. He operates in three segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South.
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Curious if other hedge funds own BYD? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Boyd Gaming Co. (NYSE:BYD – Free Report).
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