Chartwell Investment Partners LLC Takes Position in Boyd Gaming Co. (BYD)

Chartwell Investment Partners LLC purchased a new stake in Boyd Gaming Co. (NYSE:BYD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 152,519 shares of the company’s stock, valued at approximately $5,346,000. Chartwell Investment Partners LLC owned approximately 0.14% of Boyd Gaming at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Fortaleza Asset Management Inc. grew its position in shares of Boyd Gaming by 80.7% in the third quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock valued at $147,000 after purchasing an additional 2,515 shares during the last quarter. Strs Ohio boosted its stake in shares of Boyd Gaming by 177.8% in the fourth quarter. Strs Ohio now owns 5,000 shares of the company’s stock valued at $175,000 after buying an additional 3,200 shares during the period. Advisory Services Network LLC bought a new stake in shares of Boyd Gaming in the fourth quarter valued at approximately $183,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Boyd Gaming by 33.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,559 shares of the company’s stock valued at $195,000 after buying an additional 1,392 shares during the period. Finally, Creative Planning bought a new stake in shares of Boyd Gaming in the fourth quarter valued at approximately $206,000. Institutional investors own 77.33% of the company’s stock.

Shares of Boyd Gaming Co. (NYSE:BYD) opened at $35.27 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.68 and a current ratio of 0.73. Boyd Gaming Co. has a one year low of $19.39 and a one year high of $40.44. The stock has a market cap of $3,966.92, a P/E ratio of 34.58 and a beta of 1.87.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). The business had revenue of $590.83 million during the quarter, compared to analysts’ expectations of $595.28 million. Boyd Gaming had a net margin of 7.94% and a return on equity of 11.71%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. research analysts expect that Boyd Gaming Co. will post 1.23 earnings per share for the current year.

Several equities research analysts recently issued reports on BYD shares. Zacks Investment Research cut Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. SunTrust Banks cut their target price on Boyd Gaming to $38.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $34.00 price target (down from $35.00) on shares of Boyd Gaming in a research note on Wednesday. ValuEngine downgraded Boyd Gaming from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group began coverage on Boyd Gaming in a report on Thursday, January 18th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Boyd Gaming presently has an average rating of “Buy” and an average target price of $35.50.

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Boyd Gaming Profile

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

Institutional Ownership by Quarter for Boyd Gaming (NYSE:BYD)

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