Boyd Gaming Corporation $BYD Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in Boyd Gaming Corporation (NYSE:BYD) by 18.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 34,395 shares of the company’s stock after selling 7,953 shares during the period. Russell Investments Group Ltd.’s holdings in Boyd Gaming were worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Boyd Gaming by 19.4% in the first quarter. Cetera Investment Advisers now owns 19,070 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,094 shares during the period. LPL Financial LLC raised its position in Boyd Gaming by 3.2% during the 1st quarter. LPL Financial LLC now owns 115,799 shares of the company’s stock worth $7,623,000 after buying an additional 3,543 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Boyd Gaming by 22.4% in the 1st quarter. US Bancorp DE now owns 3,602 shares of the company’s stock valued at $237,000 after acquiring an additional 659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Boyd Gaming by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 983,823 shares of the company’s stock worth $64,765,000 after purchasing an additional 8,850 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Boyd Gaming by 22.7% during the first quarter. Deutsche Bank AG now owns 252,559 shares of the company’s stock worth $16,626,000 after purchasing an additional 46,791 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Trading Down 1.6%

Shares of NYSE:BYD opened at $79.60 on Tuesday. The business’s 50 day moving average price is $81.66 and its 200-day moving average price is $81.51. Boyd Gaming Corporation has a 1 year low of $58.94 and a 1 year high of $88.49. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 3.48, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. The company had revenue of $707.32 million during the quarter. Boyd Gaming had a net margin of 46.02% and a return on equity of 34.63%. On average, equities research analysts forecast that Boyd Gaming Corporation will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Boyd Gaming from $87.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Morgan Stanley raised their target price on Boyd Gaming from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Mizuho boosted their price target on Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Boyd Gaming in a report on Monday, December 1st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Boyd Gaming in a report on Monday, September 8th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $89.54.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the completion of the sale, the director directly owned 1,960,447 shares in the company, valued at approximately $157,541,520.92. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.97% of the company’s stock.

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.