Chicago Equity Partners LLC Has $1.33 Million Position in Boyd Gaming Corporation (BYD)

Chicago Equity Partners LLC increased its stake in Boyd Gaming Corporation (NYSE:BYD) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,970 shares of the company’s stock after buying an additional 7,785 shares during the quarter. Chicago Equity Partners LLC’s holdings in Boyd Gaming Corporation were worth $1,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp lifted its position in Boyd Gaming Corporation by 4.0% in the second quarter. State Street Corp now owns 1,951,576 shares of the company’s stock worth $48,421,000 after buying an additional 75,012 shares during the last quarter. FMR LLC increased its stake in Boyd Gaming Corporation by 531.0% in the second quarter. FMR LLC now owns 1,418,700 shares of the company’s stock worth $35,199,000 after purchasing an additional 1,193,874 shares during the period. Bamco Inc. NY increased its stake in Boyd Gaming Corporation by 94.8% in the second quarter. Bamco Inc. NY now owns 1,384,937 shares of the company’s stock worth $34,360,000 after purchasing an additional 674,100 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Boyd Gaming Corporation in the second quarter worth $26,973,000. Finally, Northern Trust Corp increased its stake in Boyd Gaming Corporation by 3.1% in the second quarter. Northern Trust Corp now owns 1,069,564 shares of the company’s stock worth $26,536,000 after purchasing an additional 31,785 shares during the period. Institutional investors own 74.58% of the company’s stock.

In other news, Director Robert L. Boughner sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.70, for a total value of $1,068,000.00. Following the completion of the sale, the director now directly owns 40,000 shares in the company, valued at $1,068,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William R. Boyd sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.71, for a total value of $186,970.00. Following the completion of the sale, the vice president now owns 1,251 shares of the company’s stock, valued at $33,414.21. The disclosure for this sale can be found here. 29.16% of the stock is owned by insiders.

BYD has been the topic of a number of recent analyst reports. BidaskClub upgraded Boyd Gaming Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Telsey Advisory Group raised their price target on Boyd Gaming Corporation from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a $29.00 price target (down previously from $30.00) on shares of Boyd Gaming Corporation in a research note on Sunday, July 30th. Zacks Investment Research lowered Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Barclays PLC raised their price target on Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Boyd Gaming Corporation presently has an average rating of “Buy” and a consensus price target of $27.47.

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Boyd Gaming Corporation (NYSE BYD) opened at $29.41 on Wednesday. Boyd Gaming Corporation has a twelve month low of $18.45 and a twelve month high of $29.89. The stock has a market capitalization of $3,274.09, a P/E ratio of 24.67 and a beta of 1.82. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.73 and a quick ratio of 0.68.

Boyd Gaming Corporation (NYSE:BYD) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The company had revenue of $587.70 million during the quarter, compared to analyst estimates of $592.29 million. Boyd Gaming Corporation had a net margin of 5.08% and a return on equity of 13.82%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. equities research analysts predict that Boyd Gaming Corporation will post 1.05 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 27th. Stockholders of record on Saturday, September 30th were given a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, September 28th. Boyd Gaming Corporation’s dividend payout ratio (DPR) is presently 19.23%.

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.

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

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