Boyd Gaming Co. (NYSE:BYD) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 23.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,542 shares of the company's stock after purchasing an additional 32,332 shares during the quarter. Barclays PLC owned approximately 0.19% of Boyd Gaming worth $10,831,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in shares of Boyd Gaming by 6,158.8% during the third quarter. Victory Capital Management Inc. now owns 908,905 shares of the company's stock worth $58,761,000 after buying an additional 894,383 shares during the period. Long Pond Capital LP purchased a new position in Boyd Gaming during the 2nd quarter worth approximately $20,440,000. Ariel Investments LLC boosted its stake in Boyd Gaming by 12.5% during the 2nd quarter. Ariel Investments LLC now owns 3,031,691 shares of the company's stock worth $167,046,000 after purchasing an additional 335,984 shares during the period. American Century Companies Inc. grew its position in Boyd Gaming by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company's stock worth $63,349,000 after purchasing an additional 189,226 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Boyd Gaming by 4,816.4% in the 3rd quarter. International Assets Investment Management LLC now owns 184,560 shares of the company's stock valued at $119,320,000 after acquiring an additional 180,806 shares during the period. Institutional investors and hedge funds own 76.81% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BYD shares. StockNews.com raised shares of Boyd Gaming from a "buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Truist Financial raised their price objective on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Barclays raised their price objective on Boyd Gaming from $70.00 to $71.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on Boyd Gaming from $75.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $91.64.

Boyd Gaming Trading Up 0.1 %

BYD traded up $0.11 during trading on Tuesday, hitting $73.87. 1,039,723 shares of the company's stock were exchanged, compared to its average volume of 903,092. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $76.73. The stock has a 50 day moving average price of $70.69 and a 200 day moving average price of $62.59. The firm has a market cap of $6.53 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 9.93 and a beta of 1.54. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.92%. Boyd Gaming's dividend payout ratio (DPR) is currently 12.98%.

Boyd Gaming announced that its Board of Directors has authorized a share buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Insider Activity at Boyd Gaming

In other news, CFO Josh Hirsberg sold 21,549 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the completion of the sale, the chief financial officer now directly owns 438,615 shares in the company, valued at $31,330,269.45. This trade represents a 4.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Boyd sold 25,155 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $69.35, for a total value of $1,744,499.25. Following the completion of the transaction, the director now directly owns 1,487,970 shares of the company's stock, valued at $103,190,719.50. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,364 shares of company stock worth $10,590,893. 27.94% of the stock is currently owned by company insiders.

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