New York State Teachers Retirement System Has $5.91 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

New York State Teachers Retirement System trimmed its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,474 shares of the company's stock after selling 7,500 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Boyd Gaming worth $5,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cetera Trust Company N.A grew its stake in shares of Boyd Gaming by 5.4% in the 3rd quarter. Cetera Trust Company N.A now owns 3,330 shares of the company's stock worth $215,000 after purchasing an additional 170 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Boyd Gaming by 57.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company's stock worth $35,000 after purchasing an additional 189 shares during the last quarter. AlphaMark Advisors LLC grew its stake in shares of Boyd Gaming by 2.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company's stock worth $444,000 after purchasing an additional 205 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Boyd Gaming by 4.9% in the 1st quarter. Lazard Asset Management LLC now owns 5,361 shares of the company's stock worth $360,000 after purchasing an additional 249 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company's stock worth $43,000 after purchasing an additional 288 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BYD has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Macquarie dropped their target price on shares of Boyd Gaming from $72.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, July 26th. StockNews.com raised shares of Boyd Gaming from a "buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Finally, Bank of America lifted their target price on shares of Boyd Gaming from $68.00 to $72.00 and gave the stock a "buy" rating in a research report on Tuesday, September 17th. Seven investment 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. Based on data from MarketBeat, Boyd Gaming has an average rating of "Moderate Buy" and an average price target of $91.38.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total value 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 $103,190,719.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William R. Boyd sold 25,155 shares of the business's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total value 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the business's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the completion of the sale, the chairman now owns 1,423,498 shares of the company's stock, valued at $85,737,284.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,527 shares of company stock worth $6,224,086 over the last ninety days. 28.40% of the stock is currently owned by insiders.

Boyd Gaming Stock Up 3.9 %

BYD traded up $2.69 on Wednesday, reaching $71.61. 1,306,720 shares of the company traded hands, compared to its average volume of 926,586. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 8.96 and a beta of 1.55. The stock's 50 day moving average price is $63.90 and its 200-day moving average price is $58.64. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $73.34.

Boyd Gaming Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming's dividend payout ratio (DPR) is presently 12.98%.

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.