Gabelli Funds LLC Sells 3,800 Shares of Boyd Gaming Co. (NYSE:BYD)

Gabelli Funds LLC reduced its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 155,500 shares of the company’s stock after selling 3,800 shares during the quarter. Gabelli Funds LLC’s holdings in Boyd Gaming were worth $10,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prospera Financial Services Inc raised its holdings in Boyd Gaming by 3.1% in the 1st quarter. Prospera Financial Services Inc now owns 5,306 shares of the company’s stock valued at $340,000 after acquiring an additional 159 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Boyd Gaming by 7.4% during the 2nd quarter. Fifth Third Bancorp now owns 2,395 shares of the company’s stock worth $166,000 after buying an additional 164 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Boyd Gaming by 3.1% during the 2nd quarter. Cetera Advisor Networks LLC now owns 7,163 shares of the company’s stock worth $497,000 after buying an additional 218 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Boyd Gaming by 0.7% during the 1st quarter. Treasurer of the State of North Carolina now owns 33,382 shares of the company’s stock worth $2,140,000 after buying an additional 240 shares in the last quarter. Finally, Signet Financial Management LLC raised its holdings in shares of Boyd Gaming by 0.9% during the 2nd quarter. Signet Financial Management LLC now owns 27,803 shares of the company’s stock worth $1,929,000 after buying an additional 248 shares in the last quarter. 67.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BYD shares. Barclays lowered their price target on Boyd Gaming from $77.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. StockNews.com started coverage on Boyd Gaming in a report on Thursday, October 5th. They set a “buy” rating for the company. Argus boosted their price target on Boyd Gaming from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Susquehanna lowered their price target on Boyd Gaming from $87.00 to $84.00 and set a “positive” rating for the company in a report on Tuesday, October 24th. Finally, Morgan Stanley lowered their price target on Boyd Gaming from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

Boyd Gaming Trading Up 0.1 %

NYSE BYD opened at $58.85 on Tuesday. The business’s 50-day moving average price is $59.38 and its two-hundred day moving average price is $64.76. Boyd Gaming Co. has a 12 month low of $52.42 and a 12 month high of $73.00. The firm has a market capitalization of $5.76 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 3.81 and a beta of 1.73. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 1.62.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Boyd Gaming had a net margin of 18.89% and a return on equity of 38.87%. The company had revenue of $903.16 million during the quarter, compared to the consensus estimate of $873.36 million. On average, analysts expect that Boyd Gaming Co. will post 6.11 EPS for the current year.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.