State of Tennessee Treasury Department continued to hold its position in Boyd Gaming Corporation (NYSE:BYD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,144 shares of the company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned about 0.07% of Boyd Gaming Corporation worth $1,864,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in Boyd Gaming Corporation by 105,482.6% during the first quarter. BlackRock Inc. now owns 10,413,612 shares of the company’s stock valued at $229,205,000 after acquiring an additional 10,403,749 shares during the last quarter. Vanguard Group Inc. increased its position in Boyd Gaming Corporation by 2.4% during the first quarter. Vanguard Group Inc. now owns 9,726,723 shares of the company’s stock valued at $214,085,000 after acquiring an additional 227,769 shares during the last quarter. JPMorgan Chase & Co. increased its position in Boyd Gaming Corporation by 1.9% during the first quarter. JPMorgan Chase & Co. now owns 1,907,997 shares of the company’s stock valued at $41,996,000 after acquiring an additional 36,263 shares during the last quarter. State Street Corp increased its position in Boyd Gaming Corporation by 2.0% during the first quarter. State Street Corp now owns 1,876,564 shares of the company’s stock valued at $41,304,000 after acquiring an additional 37,594 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Boyd Gaming Corporation by 373.3% during the first quarter. Bank of America Corp DE now owns 1,482,567 shares of the company’s stock valued at $32,631,000 after acquiring an additional 1,169,330 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.
In other Boyd Gaming Corporation news, Director John Robert Bailey purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $25.33 per share, for a total transaction of $253,300.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP William R. Boyd sold 7,000 shares of Boyd Gaming Corporation stock in a transaction dated 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 transaction, the vice president now owns 1,251 shares of the company’s stock, valued at approximately $33,414.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,531 shares of company stock valued at $3,447,521. 29.16% of the stock is owned by company insiders.
A number of research firms recently commented on BYD. ValuEngine upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. BidaskClub upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Barclays PLC upped their price objective on Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $29.00 price objective (down previously from $30.00) on shares of Boyd Gaming Corporation in a research report on Sunday, July 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.87.
Shares of Boyd Gaming Corporation (BYD) opened at 25.99 on Wednesday. Boyd Gaming Corporation has a 12 month low of $16.77 and a 12 month high of $27.00. The firm has a 50-day moving average price of $26.22 and a 200-day moving average price of $24.32. The stock has a market cap of $2.93 billion, a PE ratio of 6.86 and a beta of 1.92.
Boyd Gaming Corporation (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The business had revenue of $599.87 million during the quarter, compared to analysts’ expectations of $602.39 million. During the same quarter in the prior year, the firm earned $0.16 EPS. Boyd Gaming Corporation’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts forecast that Boyd Gaming Corporation will post $1.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be paid a $0.05 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. Boyd Gaming Corporation’s dividend payout ratio is presently 5.25%.
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Boyd Gaming Corporation 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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