Ameritas Investment Partners Inc. Trims Holdings in Boyd Gaming Corporation $BYD

Ameritas Investment Partners Inc. reduced its holdings in shares of Boyd Gaming Corporation (NYSE:BYD) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,839 shares of the company’s stock after selling 4,709 shares during the period. Ameritas Investment Partners Inc.’s holdings in Boyd Gaming were worth $2,569,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BYD. Ruffer LLP bought a new stake in shares of Boyd Gaming in the 2nd quarter worth approximately $6,471,000. Counterpoint Mutual Funds LLC purchased a new position in Boyd Gaming during the second quarter valued at $402,000. EP Wealth Advisors LLC bought a new stake in Boyd Gaming in the first quarter worth $206,000. Strs Ohio purchased a new stake in shares of Boyd Gaming in the first quarter worth $1,939,000. Finally, Redwood Investment Management LLC increased its holdings in shares of Boyd Gaming by 7.0% during the first quarter. Redwood Investment Management LLC now owns 75,792 shares of the company’s stock valued at $4,989,000 after acquiring an additional 4,977 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Up 1.7%

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

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

Analyst Ratings Changes

A number of brokerages recently issued reports on BYD. Wells Fargo & Company initiated coverage on shares of Boyd Gaming in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $85.00 price target on the stock. Zacks Research downgraded shares of Boyd Gaming from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Mizuho increased their price target on shares of Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Macquarie restated a “neutral” rating and issued a $90.00 price objective on shares of Boyd Gaming in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Boyd Gaming in a research report on Wednesday, November 19th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Boyd Gaming presently has a consensus rating of “Hold” and an average target price of $89.54.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $86.62, for a total value of $8,662,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the director owned 1,960,447 shares of the company’s stock, valued at approximately $157,541,520.92. This represents a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 27.94% of the stock is currently owned by corporate insiders.

About Boyd Gaming

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.