2 weeks Ago By ABMN Staff
Townsquare Capital LLC lifted its stake in shares of Boyd Gaming Co. ( NYSE:BYD – Free Report ) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 4,430 shares of the company’s stock after acquiring an additional 1,332 shares during the quarter. Townsquare Capital LLC’s holdings in Boyd Gaming were worth $321,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BYD.
Rhumbline Advisers boosted its holdings in Boyd Gaming by 1.0% during the fourth quarter. Rhumbline Advisers now owns 185,714 shares of the company’s stock valued at $13,472,000 after acquiring an additional 1,797 shares during the period.
Raymond James Financial Inc. bought a new stake in shares of Boyd Gaming during the fourth quarter valued at approximately $43,273,000. Allspring Global Investments Holdings LLC lifted its position in Boyd Gaming by 226.
5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 202,824 shares of the company’s stock worth $14,569,000 after purchasing an additional 140,707 shares during the period. Truist Financial Corp boosted its stake in Boyd Gaming by 20.
7% during the fourth quarter. Truist Financial Corp now owns 4,458 shares of the company’s stock worth $323,000 after buying an additional 765 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Boyd Gaming in the 4th quarter valued at $307,000.
76.81% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at Boyd Gaming In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th.
The stock was sold at an average price of $77.68, for a total transaction of $3,884,000.00.
Following the transaction, the chairman now owns 1,346,628 shares in the company, valued at approximately $104,606,063.04. This trade represents a 3.
58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Christine J.
Spadafor sold 1,125 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 4,852 shares of the company’s stock, valued at approximately $365,258.56.
This trade represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 66,125 shares of company stock worth $5,158,490 over the last ninety days. Company insiders own 27.94% of the company’s stock.
Boyd Gaming Stock Performance Boyd Gaming ( NYSE:BYD – Get Free Report ) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
75 by $0.21. Boyd Gaming had a return on equity of 35.
97% and a net margin of 14.70%. Analysts forecast that Boyd Gaming Co.
will post 6.52 EPS for the current year. Boyd Gaming Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th.
Investors of record on Monday, March 17th were paid a dividend of $0.18 per share. This represents a $0.
72 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.
17. The ex-dividend date was Monday, March 17th. Boyd Gaming’s payout ratio is 11.
58%. Analysts Set New Price Targets A number of brokerages have commented on BYD. Mizuho raised their price target on shares of Boyd Gaming from $79.
00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. StockNews.
com cut Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Barclays lifted their price objective on Boyd Gaming from $74.00 to $78.
00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Truist Financial dropped their target price on shares of Boyd Gaming from $92.00 to $85.
00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company upped their price objective on shares of Boyd Gaming from $82.00 to $88.
00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.
27. Get Our Latest Stock Report on Boyd Gaming About Boyd Gaming ( Free Report ) 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.
Featured Articles Want to see what other hedge funds are holding BYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boyd Gaming Co. ( NYSE:BYD – Free Report ).
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