Boyd Gaming Co. (NYSE:BYD) Stock Position Raised by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 439,050 shares of the company's stock after buying an additional 28,038 shares during the quarter. Sei Investments Co. owned 0.50% of Boyd Gaming worth $31,849,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. UMB Bank n.a. grew its holdings in Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after acquiring an additional 175 shares in the last quarter. GAMMA Investing LLC raised its stake in Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. Quarry LP lifted its holdings in Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company's stock worth $56,000 after buying an additional 524 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Boyd Gaming in the 3rd quarter worth approximately $64,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Boyd Gaming in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Price Performance

BYD traded down $1.50 on Friday, reaching $66.25. The company had a trading volume of 946,309 shares, compared to its average volume of 955,243. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $80.50. The company has a market capitalization of $5.47 billion, a P/E ratio of 10.65, a PEG ratio of 4.46 and a beta of 1.55. The company has a fifty day moving average of $73.73 and a 200-day moving average of $70.98. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85.

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Boyd Gaming (NYSE:BYD - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. As a group, equities research analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Boyd Gaming Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, March 17th. This is an increase from Boyd Gaming's previous quarterly dividend of $0.17. Boyd Gaming's payout ratio is currently 11.58%.

Insider Activity

In related news, Director Christine J. Spadafor sold 1,125 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the sale, the director now directly owns 4,852 shares in the company, valued at $365,258.56. The trade was a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Boyd sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the sale, the director now owns 1,472,970 shares of the company's stock, valued at $116,835,980.40. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,125 shares of company stock worth $5,158,490 over the last 90 days. 27.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BYD has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on shares of Boyd Gaming from $74.00 to $82.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Susquehanna raised shares of Boyd Gaming from a "neutral" rating to a "positive" rating and decreased their price target for the company from $79.00 to $77.00 in a report on Wednesday, March 12th. Argus upgraded shares of Boyd Gaming from a "hold" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Tuesday, December 17th. Mizuho lifted their target price on Boyd Gaming from $79.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their price target on Boyd Gaming from $82.00 to $88.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Seven 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $95.20.

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.