Mutual of America Capital Management LLC Decreases Stock Holdings in Boyd Gaming Corporation (NYSE:BYD)

Mutual of America Capital Management LLC trimmed its holdings in Boyd Gaming Corporation (NYSE:BYD) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,118 shares of the company’s stock after selling 901 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Boyd Gaming were worth $2,246,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Boyd Gaming in the fourth quarter worth $55,553,000. Raymond James Financial Inc. acquired a new position in shares of Boyd Gaming in the fourth quarter worth $43,273,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Boyd Gaming by 51.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company’s stock worth $94,074,000 after acquiring an additional 441,963 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Boyd Gaming by 37.2% in the fourth quarter. Franklin Resources Inc. now owns 964,051 shares of the company’s stock worth $69,932,000 after acquiring an additional 261,443 shares in the last quarter. Finally, Seven Six Capital Management LLC acquired a new position in shares of Boyd Gaming in the fourth quarter worth $9,162,000. 76.81% of the stock is owned by hedge funds and other institutional investors.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $82.16 on Friday. The firm has a market cap of $6.69 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.96 and a beta of 1.26. The firm’s 50-day simple moving average is $77.11 and its 200-day simple moving average is $73.21. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.76 and a current ratio of 0.80. Boyd Gaming Corporation has a 1 year low of $52.76 and a 1 year high of $87.76.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. Boyd Gaming had a net margin of 13.96% and a return on equity of 38.34%. The business had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. During the same quarter in the prior year, the firm earned $1.51 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts forecast that Boyd Gaming Corporation will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, June 16th. Boyd Gaming’s dividend payout ratio (DPR) is 11.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Susquehanna cut shares of Boyd Gaming from a “positive” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $86.00 in a research report on Friday, July 11th. Morgan Stanley reiterated a “sell” rating on shares of Boyd Gaming in a research note on Friday, July 11th. JPMorgan Chase & Co. started coverage on shares of Boyd Gaming in a research note on Monday, June 23rd. They set a “neutral” rating and a $79.00 target price for the company. Mizuho decreased their target price on shares of Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus increased their target price on shares of Boyd Gaming from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $84.85.

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.