American Century Companies Inc. Increases Stock Holdings in Boyd Gaming Corporation $BYD

American Century Companies Inc. boosted its stake in Boyd Gaming Corporation (NYSE:BYD) by 11.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,213,024 shares of the company’s stock after acquiring an additional 127,167 shares during the quarter. American Century Companies Inc. owned 1.51% of Boyd Gaming worth $94,895,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Boyd Gaming by 219.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company’s stock valued at $29,000 after purchasing an additional 255 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Boyd Gaming by 56.8% during the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after purchasing an additional 196 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Boyd Gaming in the 2nd quarter valued at about $39,000. Parallel Advisors LLC lifted its stake in Boyd Gaming by 24.5% in the 2nd quarter. Parallel Advisors LLC now owns 685 shares of the company’s stock valued at $54,000 after buying an additional 135 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Boyd Gaming by 24.2% in the 2nd quarter. GAMMA Investing LLC now owns 960 shares of the company’s stock worth $75,000 after buying an additional 187 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Macquarie reissued a “neutral” rating and set a $90.00 target price on shares of Boyd Gaming in a report on Friday, October 24th. Zacks Research downgraded Boyd Gaming from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Mizuho raised their price objective on Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Boyd Gaming in a research note on Wednesday, November 19th. Finally, Morgan Stanley increased their target price on shares of Boyd Gaming from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $89.54.

Boyd Gaming Stock Performance

Shares of Boyd Gaming stock opened at $82.49 on Wednesday. The business’s 50 day moving average price is $82.10 and its 200 day moving average price is $81.05. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 3.61, a PEG ratio of 2.02 and a beta of 1.31. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 0.86. Boyd Gaming Corporation has a one year low of $58.94 and a one year high of $88.49.

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

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 20,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $80.36, for a total value of $1,607,200.00. Following the transaction, the director directly owned 1,960,447 shares in the company, valued at $157,541,520.92. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Marianne Boyd Johnson sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $86.62, for a total transaction of $8,662,000.00. Following the completion of the sale, the chairman directly owned 1,704,379 shares of the company’s stock, valued at approximately $147,633,308.98. This trade represents a 5.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 27.94% of the company’s stock.

Boyd Gaming Company 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.