Dynamic Technology Lab Private Ltd Buys 16,325 Shares of Boyd Gaming Co. (NYSE:BYD)

Dynamic Technology Lab Private Ltd grew its stake in Boyd Gaming Co. (NYSE:BYD - Free Report) by 113.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,658 shares of the company's stock after acquiring an additional 16,325 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Boyd Gaming were worth $1,982,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BYD. Altshuler Shaham Ltd purchased a new stake in Boyd Gaming during the 2nd quarter valued at about $29,000. Covestor Ltd increased its position in shares of Boyd Gaming by 54.9% during the third quarter. Covestor Ltd now owns 587 shares of the company's stock valued at $38,000 after acquiring an additional 208 shares in the last quarter. Blue Trust Inc. lifted its position in Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company's stock valued at $43,000 after acquiring an additional 288 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Boyd Gaming by 921.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company's stock valued at $57,000 after acquiring an additional 802 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Boyd Gaming by 85.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 943 shares of the company's stock valued at $61,000 after purchasing an additional 434 shares during the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, 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 transaction of $1,744,499.25. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keith Smith sold 40,000 shares of Boyd Gaming 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 completion of the sale, the chief executive officer now directly 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. Insiders have sold a total of 219,834 shares of company stock valued at $14,945,564 over the last ninety days. 27.94% of the stock is currently owned by company insiders.

Boyd Gaming Stock Performance

NYSE BYD traded up $0.05 on Tuesday, reaching $73.04. 478,841 shares of the stock were exchanged, compared to its average volume of 919,625. 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 Co. has a one year low of $49.34 and a one year high of $74.78. The company's 50-day simple moving average is $67.41 and its two-hundred day simple moving average is $60.22. The firm has a market capitalization of $6.46 billion, a PE ratio of 13.94, a PEG ratio of 9.49 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BYD shares. JPMorgan Chase & Co. upped their price target on Boyd Gaming from $68.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Truist Financial lifted their price target on shares of Boyd Gaming from $75.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Barclays increased their price objective on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.38.

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.