Oppenheimer Asset Management Inc. Has $541,000 Holdings in Boyd Gaming Corporation $BYD

Oppenheimer Asset Management Inc. reduced its holdings in shares of Boyd Gaming Corporation (NYSE:BYD) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,912 shares of the company’s stock after selling 1,089 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Boyd Gaming were worth $541,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ruffer LLP acquired a new stake in Boyd Gaming during the second quarter worth approximately $6,471,000. Counterpoint Mutual Funds LLC acquired a new stake in Boyd Gaming during the second quarter worth approximately $402,000. EP Wealth Advisors LLC acquired a new stake in shares of Boyd Gaming during the 1st quarter worth approximately $206,000. Strs Ohio acquired a new stake in shares of Boyd Gaming during the 1st quarter worth approximately $1,939,000. Finally, Redwood Investment Management LLC grew its position in shares of Boyd Gaming by 7.0% during the 1st quarter. Redwood Investment Management LLC now owns 75,792 shares of the company’s stock worth $4,989,000 after buying an additional 4,977 shares during the period. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Boyd Gaming news, CEO Keith Smith sold 50,000 shares of Boyd Gaming stock in a transaction on Monday, August 18th. The shares were sold at an average price of $83.09, for a total transaction of $4,154,500.00. Following the transaction, the chief executive officer directly owned 1,096,689 shares of the company’s stock, valued at $91,123,889.01. The trade was a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Boyd sold 9,774 shares of Boyd Gaming stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $81.61, for a total transaction of $797,656.14. Following the transaction, the director directly owned 15,188 shares in the company, valued at $1,239,492.68. This represents a 39.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 353,035 shares of company stock worth $29,941,690 in the last ninety days. Corporate insiders own 27.94% of the company’s stock.

Analyst Ratings Changes

BYD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Boyd Gaming from $87.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Raymond James Financial restated an “outperform” rating on shares of Boyd Gaming in a report on Monday, September 8th. Morgan Stanley raised their price target on shares of Boyd Gaming from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Mizuho raised their target price on Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Boyd Gaming in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Boyd Gaming has an average rating of “Hold” and a consensus target price of $90.08.

Boyd Gaming Stock Up 0.7%

Shares of NYSE BYD opened at $77.96 on Friday. The stock has a market capitalization of $6.25 billion, a P/E ratio of 3.41, a P/E/G ratio of 2.02 and a beta of 1.30. The company has a 50-day moving average price of $83.95 and a 200-day moving average price of $79.53. Boyd Gaming Corporation has a 1 year low of $58.94 and a 1 year high of $88.49. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.86 and a quick ratio of 0.82.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 earnings per share (EPS) for the quarter. The firm had revenue of $707.32 million during the quarter. Boyd Gaming had a net margin of 46.02% and a return on equity of 41.97%. On average, equities research analysts forecast that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Boyd Gaming’s payout ratio is presently 3.15%.

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.