2 weeks Ago By ABMN Staff
Long Pond Capital LP bought a new stake in shares of Boyd Gaming Co. ( NYSE:BYD – Free Report ) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 370,956 shares of the company’s stock, valued at approximately $20,440,000.
Boyd Gaming accounts for about 1.1% of Long Pond Capital LP’s investment portfolio, making the stock its 27th largest position. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
Cohen & Steers Inc. increased its holdings in shares of Boyd Gaming by 34.4% during the 4th quarter.
Cohen & Steers Inc. now owns 4,747,662 shares of the company’s stock valued at $297,270,000 after purchasing an additional 1,216,121 shares in the last quarter. Ariel Investments LLC increased its holdings in Boyd Gaming by 12.
5% in the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after buying an additional 335,984 shares in the last quarter. Boston Partners raised its position in shares of Boyd Gaming by 10.
0% in the first quarter. Boston Partners now owns 3,031,091 shares of the company’s stock worth $203,276,000 after acquiring an additional 274,876 shares during the period. Bamco Inc.
NY boosted its stake in shares of Boyd Gaming by 4.0% during the 1st quarter. Bamco Inc.
NY now owns 1,899,344 shares of the company’s stock worth $127,864,000 after acquiring an additional 73,491 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Boyd Gaming by 19.
7% during the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock worth $63,349,000 after acquiring an additional 189,226 shares in the last quarter.
76.81% of the stock is owned by institutional investors and hedge funds. Boyd Gaming Price Performance BYD stock opened at $64.
89 on Friday. Boyd Gaming Co. has a 1 year low of $49.
34 and a 1 year high of $68.46. The firm has a market capitalization of $6.
16 billion, a PE ratio of 11.65 and a beta of 1.57.
The business has a 50 day simple moving average of $59.60 and a 200-day simple moving average of $58.48.
The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.
79. Boyd Gaming Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Sunday, September 15th will be issued a $0.
17 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.
68 annualized dividend and a yield of 1.05%. Boyd Gaming’s dividend payout ratio (DPR) is presently 12.
21%. Insider Buying and Selling at Boyd Gaming In other news, Director Christine J. Spadafor sold 1,242 shares of the firm’s stock in a transaction on Monday, August 26th.
The stock was sold at an average price of $60.36, for a total transaction of $74,967.12.
Following the completion of the transaction, the director now directly owns 1,096 shares in the company, valued at $66,154.56. The transaction was disclosed in a document filed with the SEC, which is available at this link .
In other news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.
36, for a total transaction of $74,967.12. Following the sale, the director now owns 1,096 shares of the company’s stock, valued at $66,154.
56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th.
The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90.
Following the completion of the transaction, the chairman now directly owns 1,423,498 shares of the company’s stock, valued at approximately $85,737,284.54. The disclosure for this sale can be found here .
27.94% of the stock is owned by corporate insiders. Analyst Upgrades and Downgrades BYD has been the subject of a number of analyst reports.
Stifel Nicolaus upped their price target on Boyd Gaming from $65.00 to $67.00 and gave the stock a “hold” rating in a report on Friday, July 26th.
Macquarie reduced their target price on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, July 26th.
Morgan Stanley upgraded Boyd Gaming from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $66.00 to $74.00 in a research report on Wednesday, September 4th.
Bank of America boosted their price target on shares of Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th.
Finally, StockNews.com raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company.
Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.31. View Our Latest Analysis on BYD Boyd Gaming Profile ( Free Report ) 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. Featured Articles 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.
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