WINTON GROUP Ltd Invests $5.69 Million in Boyd Gaming Co. (NYSE:BYD)

WINTON GROUP Ltd purchased a new stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 78,398 shares of the company's stock, valued at approximately $5,687,000. WINTON GROUP Ltd owned about 0.09% of Boyd Gaming at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. UMB Bank n.a. raised its stake in Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. Quarry LP lifted its holdings in shares of Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company's stock worth $56,000 after acquiring an additional 524 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Boyd Gaming during the 3rd quarter worth $64,000. Finally, Golden State Wealth Management LLC purchased a new position in Boyd Gaming in the fourth quarter worth $67,000. Institutional investors own 76.81% of the company's stock.

Insider Activity

In related news, Chairman Marianne Boyd Johnson sold 50,000 shares of Boyd Gaming stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the sale, the chairman now directly owns 1,346,628 shares in the company, valued at $104,606,063.04. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William R. Boyd sold 15,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total value of $1,189,800.00. Following the completion of the transaction, the director now owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,125 shares of company stock valued at $5,158,490. Corporate insiders own 27.94% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have issued reports on BYD. Morgan Stanley lowered Boyd Gaming from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $82.00 to $81.00 in a research note on Monday, February 24th. JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a research report on Friday, February 7th. StockNews.com cut shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $74.00 to $82.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Boyd Gaming has an average rating of "Moderate Buy" and a consensus target price of $95.20.

Boyd Gaming Trading Down 2.2 %

BYD traded down $1.50 during midday trading on Friday, reaching $66.25. 946,309 shares of the company's stock traded hands, compared to its average volume of 955,243. Boyd Gaming Co. has a 52 week low of $49.34 and a 52 week high of $80.50. 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 firm has a fifty day moving average of $73.73 and a two-hundred day moving average of $70.90. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 4.46 and a beta of 1.55.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.21. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. On average, equities analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming announced that its Board of Directors has authorized a share buyback program on Thursday, December 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its shares are undervalued.

Boyd Gaming Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.18 per share. This is a positive change from Boyd Gaming's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. Boyd Gaming's payout ratio is presently 11.58%.

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.