Boyd Gaming Co. (NYSE:BYD) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 71.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,280 shares of the company's stock after selling 28,534 shares during the quarter. Natixis Advisors LLC's holdings in Boyd Gaming were worth $729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BYD. Altshuler Shaham Ltd acquired a new position in Boyd Gaming in the second quarter valued at $29,000. Covestor Ltd grew its holdings in shares of Boyd Gaming by 54.9% during the third quarter. Covestor Ltd now owns 587 shares of the company's stock worth $38,000 after buying an additional 208 shares during the last quarter. Blue Trust Inc. increased 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 during the period. Farther Finance Advisors LLC raised its stake in Boyd Gaming by 921.8% during 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 during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Boyd Gaming by 85.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 943 shares of the company's stock worth $61,000 after acquiring an additional 434 shares during the period. Hedge funds and other institutional investors own 76.81% of the company's stock.

Insider Buying and Selling

In related news, CEO Keith Smith sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $72.15, for a total value of $2,164,500.00. Following the sale, the chief executive officer now directly owns 1,101,202 shares of the company's stock, valued at approximately $79,451,724.30. This trade represents a 2.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Boyd sold 25,155 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 1,487,970 shares of the company's stock, valued at approximately $103,190,719.50. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,704 shares of company stock worth $10,540,944. 28.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BYD shares. Barclays boosted their target price on Boyd Gaming from $70.00 to $71.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. StockNews.com raised shares of Boyd Gaming from a "buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Bank of America raised their target price on shares of Boyd Gaming from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Tuesday, September 17th. Stifel Nicolaus boosted their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their price objective on Boyd Gaming from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.38.

Boyd Gaming Price Performance

Shares of NYSE:BYD traded up $0.05 on Thursday, hitting $73.10. The company had a trading volume of 490,614 shares, compared to its average volume of 917,800. The company has a market cap of $6.46 billion, a PE ratio of 13.95, a PEG ratio of 9.58 and a beta of 1.55. The business has a 50 day moving average of $67.62 and a 200 day moving average of $60.36. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $74.78. 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 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.