Parametric Portfolio Associates LLC Has $11.59 Million Holdings in Boyd Gaming Corporation (BYD)

Parametric Portfolio Associates LLC raised its holdings in shares of Boyd Gaming Corporation (NYSE:BYD) by 18.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 467,219 shares of the company’s stock after purchasing an additional 71,499 shares during the period. Parametric Portfolio Associates LLC owned 0.41% of Boyd Gaming Corporation worth $11,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seven Eight Capital LP bought a new position in shares of Boyd Gaming Corporation during the second quarter valued at approximately $154,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Boyd Gaming Corporation during the first quarter valued at approximately $157,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Boyd Gaming Corporation during the first quarter valued at approximately $161,000. Victory Capital Management Inc. purchased a new stake in shares of Boyd Gaming Corporation during the first quarter valued at approximately $175,000. Finally, Amalgamated Bank grew its holdings in shares of Boyd Gaming Corporation by 5.0% during the second quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock valued at $284,000 after buying an additional 546 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

In related news, Director John Robert Bailey acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $25.33 per share, with a total value of $253,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Boughner sold 40,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.70, for a total transaction of $1,068,000.00. Following the transaction, the director now directly owns 40,000 shares in the company, valued at $1,068,000. The disclosure for this sale can be found here. Insiders have sold 133,531 shares of company stock worth $3,447,521 over the last three months. 29.16% of the stock is currently owned by insiders.

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A number of equities research analysts have recently commented on the stock. Telsey Advisory Group increased their price target on shares of Boyd Gaming Corporation from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Investment Research cut shares of Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine cut shares of Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Barclays PLC increased their price target on shares of Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, August 1st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.00.

Shares of Boyd Gaming Corporation (NYSE:BYD) opened at 27.80 on Thursday. The stock’s 50 day moving average is $26.25 and its 200 day moving average is $24.97. The company has a market capitalization of $3.14 billion, a P/E ratio of 7.34 and a beta of 1.87. Boyd Gaming Corporation has a 12 month low of $16.77 and a 12 month high of $27.98.

Boyd Gaming Corporation (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). Boyd Gaming Corporation had a return on equity of 13.31% and a net margin of 19.15%. The firm had revenue of $599.87 million for the quarter, compared to analysts’ expectations of $602.39 million. During the same period last year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts predict that Boyd Gaming Corporation will post $1.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, September 15th. Boyd Gaming Corporation’s dividend payout ratio (DPR) is presently 5.25%.

Boyd Gaming Corporation Company Profile

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

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Institutional Ownership by Quarter for Boyd Gaming Corporation (NYSE:BYD)

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