Boyd Gaming Corporation $BYD Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of Boyd Gaming Corporation (NYSE:BYD) by 95.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,350 shares of the company’s stock after selling 27,239 shares during the period. Strs Ohio’s holdings in Boyd Gaming were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BYD. Advisors Asset Management Inc. grew its stake in shares of Boyd Gaming by 56.8% during the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after acquiring an additional 196 shares in the last quarter. AQR Capital Management LLC grew its stake in Boyd Gaming by 13.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock valued at $628,000 after purchasing an additional 1,172 shares in the last quarter. Caxton Associates LLP purchased a new stake in Boyd Gaming during the 1st quarter worth approximately $207,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Boyd Gaming by 11.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,264 shares of the company’s stock valued at $348,000 after purchasing an additional 441 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Boyd Gaming by 15.6% during the 2nd quarter. QRG Capital Management Inc. now owns 15,568 shares of the company’s stock valued at $1,218,000 after buying an additional 2,098 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Trading Up 2.2%

NYSE:BYD opened at $84.80 on Thursday. The firm has a market capitalization of $6.62 billion, a P/E ratio of 3.71, a P/E/G ratio of 1.47 and a beta of 1.24. The business has a 50 day simple moving average of $85.03 and a 200 day simple moving average of $83.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49. Boyd Gaming Corporation has a 12-month low of $58.94 and a 12-month high of $89.96.

Boyd Gaming Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, December 15th. Boyd Gaming’s dividend payout ratio (DPR) is 3.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BYD. JPMorgan Chase & Co. lifted their price target on shares of Boyd Gaming from $87.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Citigroup started coverage on shares of Boyd Gaming in a report on Thursday, November 20th. They set a “neutral” rating and a $86.00 price objective for the company. Wells Fargo & Company started coverage on shares of Boyd Gaming in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $85.00 target price on the stock. Mizuho set a $100.00 price target on shares of Boyd Gaming in a research report on Monday. Finally, UBS Group set a $110.00 price target on Boyd Gaming in a research note on Wednesday, December 24th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.08.

Insiders Place Their Bets

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 transaction of $1,607,200.00. Following the completion of the transaction, the director directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.94% of the stock is currently 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.