Boyd Gaming Co. (NYSE:BYD) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lowered its stake in Boyd Gaming Co. (NYSE:BYD) by 83.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,362 shares of the company’s stock after selling 27,750 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Boyd Gaming were worth $389,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BYD. UMB Bank n.a. grew its position 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 acquiring an additional 175 shares in the last quarter. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 148 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Boyd Gaming during the 3rd quarter worth $64,000. Golden State Wealth Management LLC acquired a new position in Boyd Gaming in the 4th quarter worth $67,000. Finally, Investment Counsel Co. of Nevada purchased a new position in Boyd Gaming in the 4th quarter valued at about $73,000. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director William R. Boyd sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total transaction of $1,189,800.00. Following the sale, the director now owns 1,472,970 shares of the company’s stock, valued at $116,835,980.40. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine J. Spadafor sold 1,125 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares of the company’s stock, valued at $365,258.56. This trade represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,125 shares of company stock worth $5,158,490. 21.97% of the stock is owned by corporate insiders.

Boyd Gaming Stock Performance

BYD opened at $72.04 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The business’s 50 day moving average is $67.17 and its 200-day moving average is $71.51. The stock has a market cap of $5.94 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $991.57 million during the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. On average, analysts predict that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, June 16th. This represents a $0.72 annualized dividend and a yield of 1.00%. Boyd Gaming’s payout ratio is 11.75%.

Analyst Upgrades and Downgrades

BYD has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on Boyd Gaming from $75.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus dropped their price objective on Boyd Gaming from $82.00 to $71.00 and set a “hold” rating on the stock in a report on Friday, April 25th. Barclays reduced their target price on Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, Macquarie reiterated a “neutral” rating and set a $74.00 price objective on shares of Boyd Gaming in a research note on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.07.

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.