Charles Schwab Investment Management Inc. Increases Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

Charles Schwab Investment Management Inc. lifted its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 971,921 shares of the company's stock after purchasing an additional 54,128 shares during the period. Charles Schwab Investment Management Inc. owned about 1.10% of Boyd Gaming worth $62,835,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Bank raised its holdings in Boyd Gaming by 103.1% during the first quarter. Comerica Bank now owns 42,898 shares of the company's stock valued at $2,888,000 after buying an additional 21,772 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Boyd Gaming by 11,891.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company's stock worth $4,016,000 after buying an additional 61,599 shares in the last quarter. Sei Investments Co. boosted its position in Boyd Gaming by 24.7% in the 2nd quarter. Sei Investments Co. now owns 497,331 shares of the company's stock valued at $27,403,000 after buying an additional 98,508 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Boyd Gaming during the second quarter worth $730,000. Finally, Ariel Investments LLC grew its position in shares of 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 buying an additional 335,984 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boyd Gaming

In other news, CFO Josh Hirsberg sold 21,549 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the sale, the chief financial officer now directly owns 438,615 shares of the company's stock, valued at $31,330,269.45. The trade was a 4.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Keith Smith sold 40,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,161,202 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 146,704 shares of company stock valued at $10,540,944. Corporate insiders own 27.94% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Boyd Gaming from a "buy" rating to a "strong-buy" rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Barclays lifted their price target 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. Truist Financial boosted their price target on Boyd Gaming from $75.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Boyd Gaming from $75.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.38.

Boyd Gaming Stock Performance

Shares of BYD stock traded up $0.75 during mid-day trading on Friday, reaching $73.85. 486,368 shares of the company's stock traded hands, compared to its average volume of 915,932. The firm has a 50 day moving average price of $68.20 and a two-hundred day moving average price of $60.67. The firm has a market capitalization of $6.53 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 9.59 and a beta of 1.55. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $74.78. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

About Boyd Gaming

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.