Man Group plc bought a new position in shares of Boyd Gaming Corporation (NYSE:BYD – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 14,562 shares of the company’s stock, valued at approximately $1,286,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Boyd Gaming during the fourth quarter worth approximately $25,000. Los Angeles Capital Management LLC acquired a new position in Boyd Gaming during the fourth quarter worth $25,000. Advisors Asset Management Inc. grew its holdings in Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after buying an additional 196 shares in the last quarter. Bessemer Group Inc. grew its holdings in Boyd Gaming by 62.8% in the 1st quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock valued at $43,000 after buying an additional 203 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Boyd Gaming by 139.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 619 shares of the company’s stock worth $48,000 after acquiring an additional 361 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.
Boyd Gaming Price Performance
NYSE:BYD opened at $76.67 on Thursday. Boyd Gaming Corporation has a 52 week low of $76.24 and a 52 week high of $91.41. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $5.57 billion, a P/E ratio of 3.37, a P/E/G ratio of 1.36 and a beta of 1.06. The stock’s fifty day moving average is $85.07 and its two-hundred day moving average is $84.36.
Boyd Gaming Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Boyd Gaming’s dividend payout ratio is presently 3.52%.
Insider Buying and Selling
In other Boyd Gaming news, CFO Josh Hirsberg sold 12,777 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.76, for a total value of $1,146,863.52. Following the transaction, the chief financial officer owned 422,969 shares of the company’s stock, valued at $37,965,697.44. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.82% of the stock is owned by insiders.
Analyst Ratings Changes
Several research analysts have recently commented on BYD shares. Mizuho set a $104.00 price target on Boyd Gaming in a report on Friday, July 24th. Texas Capital raised shares of Boyd Gaming to a “strong-buy” rating in a report on Wednesday, June 3rd. Wells Fargo & Company raised their price objective on shares of Boyd Gaming from $81.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Morgan Stanley reduced their target price on shares of Boyd Gaming from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boyd Gaming from $90.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Boyd Gaming currently has an average rating of “Hold” and a consensus price target of $94.69.
View Our Latest Report on Boyd Gaming
Boyd Gaming Company Profile
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.
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