Circle Wealth Management LLC lifted its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,560 shares of the company’s stock after acquiring an additional 1,530 shares during the quarter. Circle Wealth Management LLC owned about 0.05% of Boyd Gaming worth $1,379,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc bought a new position in Boyd Gaming in the 2nd quarter valued at $67,000. Fox Run Management L.L.C. acquired a new stake in shares of Boyd Gaming in the second quarter valued at approximately $359,000. Arizona State Retirement System boosted its holdings in shares of Boyd Gaming by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 57,992 shares of the company’s stock worth $1,562,000 after buying an additional 618 shares during the period. SG Americas Securities LLC grew its stake in Boyd Gaming by 57.4% in the 2nd quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock valued at $580,000 after buying an additional 7,844 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Boyd Gaming by 34.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,535 shares of the company’s stock worth $850,000 after acquiring an additional 8,050 shares during the period. Hedge funds and other institutional investors own 71.67% of the company’s stock.
In other news, VP Brian A. Larson sold 6,778 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $28.58, for a total transaction of $193,715.24. Following the transaction, the vice president now directly owns 36,783 shares of the company’s stock, valued at $1,051,258.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ted Bogich sold 19,385 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $27.18, for a total transaction of $526,884.30. Following the sale, the executive vice president now directly owns 105,703 shares of the company’s stock, valued at $2,873,007.54. The disclosure for this sale can be found here. Insiders have sold a total of 58,801 shares of company stock worth $1,646,540 over the last 90 days. Company insiders own 29.35% of the company’s stock.
Shares of NYSE BYD traded down $0.17 during mid-day trading on Wednesday, hitting $28.93. 21,890 shares of the stock traded hands, compared to its average volume of 920,808. The firm has a 50 day simple moving average of $28.18 and a two-hundred day simple moving average of $26.13. The company has a market cap of $3.27 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.32 and a beta of 2.15. Boyd Gaming Co. has a twelve month low of $18.98 and a twelve month high of $31.80. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.71 and a quick ratio of 0.67.
Boyd Gaming (NYSE:BYD) last released its earnings results on Tuesday, October 22nd. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $819.57 million for the quarter, compared to analyst estimates of $829.22 million. Boyd Gaming had a net margin of 4.76% and a return on equity of 15.34%. Boyd Gaming’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts anticipate that Boyd Gaming Co. will post 1.72 earnings per share for the current fiscal year.
BYD has been the topic of a number of research reports. Zacks Investment Research lowered Boyd Gaming from a “hold” rating to a “sell” rating and set a $28.00 price objective on the stock. in a report on Friday, October 18th. Desjardins upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Deutsche Bank restated a “buy” rating and set a $36.00 target price on shares of Boyd Gaming in a research report on Sunday, November 24th. ValuEngine lowered Boyd Gaming from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Barclays started coverage on Boyd Gaming in a research note on Tuesday, September 3rd. They issued an “equal weight” rating and a $8.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.38.
Boyd Gaming Profile
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
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