HG Vora Capital Management LLC Sells 1,000,000 Shares of Boyd Gaming Co. (NYSE:BYD)

HG Vora Capital Management LLC cut its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 25.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,000,000 shares of the company’s stock after selling 1,000,000 shares during the quarter. Boyd Gaming comprises 14.2% of HG Vora Capital Management LLC’s portfolio, making the stock its 4th biggest holding. HG Vora Capital Management LLC owned 3.39% of Boyd Gaming worth $193,950,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BYD. Altshuler Shaham Ltd acquired a new position in shares of Boyd Gaming during the 2nd quarter worth approximately $29,000. Covestor Ltd boosted its stake in Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after purchasing an additional 208 shares during the period. Blue Trust Inc. boosted its stake in Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after purchasing an additional 288 shares during the period. Farther Finance Advisors LLC boosted its stake in Boyd Gaming by 921.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock valued at $57,000 after purchasing an additional 802 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Boyd Gaming by 85.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 943 shares of the company’s stock valued at $61,000 after purchasing an additional 434 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BYD has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Mizuho restated an “outperform” rating and issued a $79.00 price target (up previously from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Bank of America raised their price target on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Gaming currently has an average rating of “Moderate Buy” and an average target price of $91.38.

Insider Buying and Selling

In other Boyd Gaming news, CEO Keith Smith sold 30,000 shares of Boyd Gaming stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $72.15, for a total value of $2,164,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,101,202 shares in the company, valued at approximately $79,451,724.30. The trade was a 2.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total value of $1,744,499.25. Following the sale, the director now owns 1,487,970 shares of the company’s stock, valued at approximately $103,190,719.50. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,704 shares of company stock valued at $10,540,944 over the last ninety days. 28.40% of the stock is owned by company insiders.

Boyd Gaming Price Performance

Boyd Gaming stock opened at $75.05 on Tuesday. The stock’s 50 day moving average is $68.20 and its 200 day moving average is $60.75. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The firm has a market cap of $6.63 billion, a P/E ratio of 14.32, a P/E/G ratio of 9.69 and a beta of 1.54. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $75.20.

Boyd Gaming Profile

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.