Centiva Capital LP increased its position in Boyd Gaming Co. (NYSE:BYD - Free Report) by 62.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,688 shares of the company's stock after acquiring an additional 10,608 shares during the period. Centiva Capital LP's holdings in Boyd Gaming were worth $1,790,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of Boyd Gaming by 5.7% in the first quarter. Tidal Investments LLC now owns 11,578 shares of the company's stock valued at $779,000 after purchasing an additional 627 shares during the period. Comerica Bank lifted its stake in Boyd Gaming by 103.1% in the 1st quarter. Comerica Bank now owns 42,898 shares of the company's stock worth $2,888,000 after purchasing an additional 21,772 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Boyd Gaming by 2.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,144 shares of the company's stock worth $945,000 after purchasing an additional 414 shares in the last quarter. CX Institutional increased its holdings in shares of Boyd Gaming by 22.9% during the 2nd quarter. CX Institutional now owns 14,607 shares of the company's stock worth $805,000 after buying an additional 2,721 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Boyd Gaming in the 2nd quarter valued at approximately $730,000. Institutional investors own 76.81% of the company's stock.
Insider Activity
In other Boyd Gaming news, Director William R. Boyd sold 25,155 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the completion of the sale, the director now directly owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keith Smith sold 40,000 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.49, for a total value of $2,939,600.00. Following the transaction, the chief executive officer now owns 1,161,202 shares in the company, valued at $85,336,734.98. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,704 shares of company stock worth $10,540,944. 28.40% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Boyd Gaming from a "buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Mizuho reissued an "outperform" rating and issued a $79.00 price objective (up previously from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Barclays lifted their price target on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Boyd Gaming from $75.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Morgan Stanley boosted their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.38.
Check Out Our Latest Stock Report on Boyd Gaming
Boyd Gaming Price Performance
NYSE BYD traded up $0.71 during trading on Wednesday, hitting $74.72. 448,687 shares of the stock traded hands, compared to its average volume of 913,305. The company has a market capitalization of $6.60 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 9.85 and a beta of 1.54. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $75.34. The firm has a 50-day simple moving average of $68.61 and a 200-day simple moving average of $61.02. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85.
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.
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