Y Intercept Hong Kong Ltd Buys Shares of 12,846 Boyd Gaming Corporation $BYD

Y Intercept Hong Kong Ltd purchased a new position in shares of Boyd Gaming Corporation (NYSE:BYD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,846 shares of the company’s stock, valued at approximately $1,111,000.

Several other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Boyd Gaming by 219.8% in 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 during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Boyd Gaming during the 2nd quarter worth $39,000. True Wealth Design LLC increased its holdings in shares of Boyd Gaming by 162.1% in the 3rd quarter. True Wealth Design LLC now owns 532 shares of the company’s stock valued at $46,000 after purchasing an additional 329 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares during the period. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Boyd Gaming in the third quarter valued at about $48,000. 76.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Macquarie reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Boyd Gaming in a report on Friday, October 24th. UBS Group set a $110.00 price target on Boyd Gaming in a report on Wednesday, December 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Boyd Gaming in a research note on Monday, December 29th. Citigroup started coverage on Boyd Gaming in a research report on Thursday, November 20th. They set a “neutral” rating and a $86.00 target price on the stock. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Boyd Gaming in a report on Wednesday, December 24th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Boyd Gaming currently has a consensus rating of “Hold” and an average price target of $92.00.

Boyd Gaming Trading Up 0.4%

Shares of Boyd Gaming stock opened at $84.50 on Friday. Boyd Gaming Corporation has a 1 year low of $58.94 and a 1 year high of $89.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49. The business has a 50 day moving average price of $84.92 and a 200 day moving average price of $83.79. The company has a market capitalization of $6.60 billion, a P/E ratio of 3.69, a P/E/G ratio of 1.49 and a beta of 1.22.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.72 annualized dividend and a yield of 0.9%. Boyd Gaming’s payout ratio is presently 3.15%.

Insider Activity

In other news, Director William R. Boyd sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 1,960,447 shares of the company’s stock, valued at $157,541,520.92. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 27.94% of the stock is owned by corporate insiders.

About Boyd Gaming

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.