Treasurer of the State of North Carolina Has $2.07 Million Stake in Boyd Gaming Co. (NYSE:BYD)

Treasurer of the State of North Carolina reduced its holdings in shares of Boyd Gaming Co. (NYSE:BYDFree Report) by 44.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,015 shares of the company’s stock after selling 26,379 shares during the period. Treasurer of the State of North Carolina’s holdings in Boyd Gaming were worth $2,067,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. J.P. Morgan Private Wealth Advisors LLC increased its holdings in Boyd Gaming by 1.5% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 68,409 shares of the company’s stock worth $4,161,000 after purchasing an additional 983 shares in the last quarter. Amalgamated Bank increased its stake in shares of 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 acquiring an additional 1,868 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Boyd Gaming by 4.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,996 shares of the company’s stock valued at $912,000 after acquiring an additional 685 shares during the period. HighTower Advisors LLC boosted its stake in Boyd Gaming by 4.5% during the third quarter. HighTower Advisors LLC now owns 13,387 shares of the company’s stock worth $817,000 after acquiring an additional 576 shares in the last quarter. Finally, UBS Group AG grew its holdings in Boyd Gaming by 4.9% in the third quarter. UBS Group AG now owns 274,235 shares of the company’s stock worth $16,682,000 after purchasing an additional 12,798 shares during the period. 76.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Christine J. Spadafor sold 1,874 shares of Boyd Gaming stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $53.38, for a total value of $100,034.12. Following the sale, the director now owns 2,338 shares of the company’s stock, valued at approximately $124,802.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder William S. Boyd sold 63,464 shares of Boyd Gaming stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $63.12, for a total value of $4,005,847.68. Following the completion of the transaction, the insider now owns 8,795,449 shares in the company, valued at $555,168,740.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine J. Spadafor sold 1,874 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $53.38, for a total transaction of $100,034.12. Following the sale, the director now owns 2,338 shares in the company, valued at $124,802.44. The disclosure for this sale can be found here. Insiders own 27.94% of the company’s stock.

Boyd Gaming Stock Up 0.0 %

Boyd Gaming stock opened at $53.35 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.77 and a current ratio of 0.80. The stock has a market cap of $5.06 billion, a PE ratio of 9.58 and a beta of 1.59. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $73.00. The firm’s 50-day simple moving average is $58.13 and its 200 day simple moving average is $61.11.

Boyd Gaming (NYSE:BYDGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). The business had revenue of $960.52 million during the quarter, compared to the consensus estimate of $947.26 million. Boyd Gaming had a net margin of 14.91% and a return on equity of 34.76%. Research analysts predict that Boyd Gaming Co. will post 6.06 EPS for the current fiscal year.

Boyd Gaming announced that its board has initiated a stock repurchase program on Monday, May 13th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 15th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, June 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.27%. Boyd Gaming’s dividend payout ratio (DPR) is presently 12.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Boyd Gaming from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company reduced their price objective on Boyd Gaming from $82.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Argus cut Boyd Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. StockNews.com lowered shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered shares of Boyd Gaming from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $67.00 in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $91.42.

Get Our Latest Research Report on Boyd Gaming

Boyd Gaming Company Profile

(Free Report)

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. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.

Featured Stories

Institutional Ownership by Quarter for Boyd Gaming (NYSE:BYD)

Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.