New York State Common Retirement Fund Acquires 79,103 Shares of Boyd Gaming Co. (NYSE:BYD)

New York State Common Retirement Fund grew its position in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 24.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 402,584 shares of the company's stock after purchasing an additional 79,103 shares during the quarter. New York State Common Retirement Fund owned about 0.42% of Boyd Gaming worth $26,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Boyd Gaming during the second quarter worth $29,000. Allspring Global Investments Holdings LLC raised its position 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 acquiring an additional 189 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Boyd Gaming by 58.2% during the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company's stock valued at $43,000 after purchasing an additional 288 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Boyd Gaming during the 1st quarter valued at about $90,000. Finally, Covestor Ltd grew its stake in Boyd Gaming by 132.6% during the first quarter. Covestor Ltd now owns 1,742 shares of the company's stock worth $117,000 after purchasing an additional 993 shares during the period. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock traded down $0.35 during mid-day trading on Monday, hitting $68.31. 571,327 shares of the stock were exchanged, compared to its average volume of 925,321. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $72.22. The company has a 50-day simple moving average of $63.55 and a 200 day simple moving average of $58.56. The company has a market capitalization of $6.27 billion, a P/E ratio of 13.04, a P/E/G ratio of 9.04 and a beta of 1.55. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.79 and a current ratio of 0.83.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.00%. Boyd Gaming's payout ratio is currently 12.98%.

Insider Buying and Selling

In other Boyd Gaming news, Director William R. Boyd sold 25,155 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was 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 of the company's stock, valued at $103,190,719.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction dated 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 transaction, the director now owns 1,487,970 shares in the company, valued at $103,190,719.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now owns 1,423,498 shares in the company, 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. In the last quarter, insiders have sold 99,527 shares of company stock valued at $6,224,086. 27.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Boyd Gaming from $68.00 to $72.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised their price target on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. StockNews.com upgraded shares of Boyd Gaming from a "buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Wells Fargo & Company raised their target price on Boyd Gaming from $75.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Truist Financial increased 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. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boyd Gaming presently has a consensus rating of "Moderate Buy" and an average price target of $91.38.

Boyd Gaming 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.