Boyd Gaming Co. (BYD) Shares Sold by Columbus Circle Investors

Columbus Circle Investors lowered its position in shares of Boyd Gaming Co. (NYSE:BYD) by 46.1% in the 3rd quarter, Holdings Channel reports. The firm owned 83,756 shares of the company’s stock after selling 71,511 shares during the quarter. Columbus Circle Investors’ holdings in Boyd Gaming were worth $2,835,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BYD. Bank of America Corp DE lifted its stake in Boyd Gaming by 142.1% during the second quarter. Bank of America Corp DE now owns 1,344,703 shares of the company’s stock worth $46,608,000 after purchasing an additional 789,296 shares during the last quarter. BlackRock Inc. lifted its stake in Boyd Gaming by 7.7% during the second quarter. BlackRock Inc. now owns 9,407,833 shares of the company’s stock worth $326,077,000 after purchasing an additional 670,588 shares during the last quarter. Waddell & Reed Financial Inc. bought a new stake in Boyd Gaming during the second quarter worth about $13,205,000. Millennium Management LLC lifted its stake in Boyd Gaming by 15.9% during the second quarter. Millennium Management LLC now owns 1,486,709 shares of the company’s stock worth $51,529,000 after purchasing an additional 203,895 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in Boyd Gaming by 14.2% during the second quarter. Glenmede Trust Co. NA now owns 1,307,248 shares of the company’s stock worth $45,310,000 after purchasing an additional 162,154 shares during the last quarter. 71.97% of the stock is owned by hedge funds and other institutional investors.

In related news, VP William R. Boyd sold 7,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $37.00, for a total transaction of $259,000.00. Following the transaction, the vice president now owns 21,903 shares in the company, valued at approximately $810,411. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Marianne Boyd Johnson sold 26,493 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $36.41, for a total value of $964,610.13. Following the transaction, the insider now owns 231,173 shares in the company, valued at approximately $8,417,008.93. The disclosure for this sale can be found here. In the last three months, insiders sold 67,000 shares of company stock valued at $2,428,514. 28.88% of the stock is currently owned by corporate insiders.



Several brokerages have issued reports on BYD. Zacks Investment Research lowered Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine lowered Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. boosted their target price on Boyd Gaming from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Jefferies Financial Group set a $42.00 target price on Boyd Gaming and gave the company a “hold” rating in a research note on Friday, July 27th. Finally, Telsey Advisory Group lowered their target price on Boyd Gaming from $35.00 to $31.00 and set a “market perform” rating for the company in a research note on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Boyd Gaming has a consensus rating of “Buy” and a consensus price target of $39.67.

NYSE BYD opened at $26.56 on Thursday. Boyd Gaming Co. has a 1-year low of $23.85 and a 1-year high of $40.44. The company has a debt-to-equity ratio of 3.05, a current ratio of 2.03 and a quick ratio of 1.99. The stock has a market capitalization of $2.81 billion, a PE ratio of 20.54, a P/E/G ratio of 1.25 and a beta of 1.57.

Boyd Gaming (NYSE:BYD) last released its earnings results on Thursday, October 25th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Boyd Gaming had a return on equity of 12.59% and a net margin of 7.19%. The company had revenue of $612.20 million during the quarter, compared to analyst estimates of $607.60 million. Equities research analysts forecast that Boyd Gaming Co. will post 1.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Thursday, September 27th. Boyd Gaming’s dividend payout ratio (DPR) is presently 23.30%.

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 and South. As of December 31, 2017, the company owned and operated 24 gaming entertainment properties offering a total of 1,358,856 square feet of casino space, 30,267 slot machines, 632 table games, and 9,372 hotel rooms located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

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Want to see what other hedge funds are holding BYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boyd Gaming Co. (NYSE:BYD).

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

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