Oregon Public Employees Retirement Fund Cuts Stock Position in Boyd Gaming Co. (NYSE:BYD)

Oregon Public Employees Retirement Fund lowered its stake in Boyd Gaming Co. (NYSE:BYD) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,590 shares of the company’s stock after selling 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Boyd Gaming were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its stake in Boyd Gaming by 7,865.9% during the 1st quarter. CWM LLC now owns 3,266 shares of the company’s stock valued at $47,000 after purchasing an additional 3,225 shares during the last quarter. NEXT Financial Group Inc boosted its stake in Boyd Gaming by 34.1% during the 1st quarter. NEXT Financial Group Inc now owns 3,346 shares of the company’s stock valued at $48,000 after purchasing an additional 850 shares during the last quarter. Windsor Creek Advisors LLC purchased a new stake in Boyd Gaming during the 1st quarter valued at $61,000. PNC Financial Services Group Inc. boosted its stake in Boyd Gaming by 89.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,341 shares of the company’s stock valued at $63,000 after purchasing an additional 2,046 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in Boyd Gaming by 18.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 4,850 shares of the company’s stock valued at $75,000 after purchasing an additional 750 shares during the last quarter. Institutional investors own 66.26% of the company’s stock.

In other Boyd Gaming news, EVP Marianne Boyd Johnson sold 10,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $23.07, for a total value of $230,700.00. Following the completion of the sale, the executive vice president now owns 285,498 shares in the company, valued at approximately $6,586,438.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 29.08% of the company’s stock.

Shares of Boyd Gaming stock opened at $23.67 on Friday. Boyd Gaming Co. has a one year low of $6.44 and a one year high of $36.22. The stock’s fifty day moving average is $20.75 and its 200 day moving average is $21.48. The stock has a market cap of $2.71 billion, a P/E ratio of -42.27 and a beta of 2.35. The company has a debt-to-equity ratio of 4.67, a quick ratio of 1.88 and a current ratio of 1.92.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Tuesday, July 28th. The company reported ($0.98) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.45) by $0.47. Boyd Gaming had a negative return on equity of 0.88% and a negative net margin of 2.48%. The company had revenue of $209.90 million for the quarter, compared to analysts’ expectations of $199.61 million. During the same period last year, the firm earned $0.46 EPS. Boyd Gaming’s revenue for the quarter was down 75.2% compared to the same quarter last year. Analysts predict that Boyd Gaming Co. will post -0.86 EPS for the current year.

Several analysts have commented on BYD shares. Susquehanna Bancshares downgraded Boyd Gaming from a “positive” rating to a “neutral” rating in a research note on Thursday, July 23rd. Nomura Instinet increased their target price on Boyd Gaming from $22.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Union Gaming Research cut Boyd Gaming from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a report on Wednesday, April 29th. Stifel Nicolaus increased their price target on Boyd Gaming from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Nomura increased their price target on Boyd Gaming from $22.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Boyd Gaming presently has a consensus rating of “Buy” and an average price target of $26.79.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

Read More: What is a portfolio manager?

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

Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.