Voya Investment Management LLC Trims Holdings in Boyd Gaming Co. (NYSE:BYD)

Voya Investment Management LLC trimmed its holdings in Boyd Gaming Co. (NYSE:BYD) by 12.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,156 shares of the company’s stock after selling 1,210 shares during the period. Voya Investment Management LLC’s holdings in Boyd Gaming were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BYD. UMB Bank n.a. grew its stake in shares of Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after purchasing an additional 175 shares during the last quarter. GAMMA Investing LLC grew its position in Boyd Gaming by 47.4% in the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Boyd Gaming in the 3rd quarter valued at $64,000. Golden State Wealth Management LLC purchased a new position in Boyd Gaming during the 4th quarter worth $67,000. Finally, Investment Counsel Co. of Nevada acquired a new stake in shares of Boyd Gaming in the 4th quarter worth $73,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Insider Activity at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares in the company, valued at approximately $365,258.56. This trade represents a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $77.68, for a total value of $3,884,000.00. Following the transaction, the chairman now directly owns 1,346,628 shares in the company, valued at $104,606,063.04. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,125 shares of company stock worth $5,158,490. Company insiders own 21.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Susquehanna increased their price target on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Friday, April 25th. StockNews.com downgraded Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. Mizuho decreased their price target on Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of Boyd Gaming in a research report on Friday, February 7th. Finally, Wells Fargo & Company boosted their target price on shares of Boyd Gaming from $82.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Boyd Gaming presently has an average rating of “Moderate Buy” and an average price target of $95.07.

Boyd Gaming Trading Up 0.9 %

Shares of BYD stock opened at $71.58 on Friday. The firm’s 50-day simple moving average is $67.18 and its 200-day simple moving average is $71.45. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $80.50. The firm has a market cap of $5.91 billion, a P/E ratio of 11.51, a PEG ratio of 4.46 and a beta of 1.32.

Boyd Gaming (NYSE:BYD) last issued its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.10. The business had revenue of $991.57 million for the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $1.51 EPS. As a group, equities analysts forecast that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.01%. Boyd Gaming’s dividend payout ratio (DPR) is presently 11.75%.

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.