Boyd Gaming Corporation (BYD) Position Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Boyd Gaming Corporation (NYSE:BYD) by 72.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,167 shares of the company’s stock after selling 11,109 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Boyd Gaming Corporation were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised 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 buying an additional 10,403,749 shares during the period. Vanguard Group Inc. raised 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 buying an additional 227,769 shares during the period. JPMorgan Chase & Co. raised 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 buying an additional 36,263 shares during the period. State Street Corp raised 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 buying an additional 37,594 shares during the period. Finally, Bank of America Corp DE raised 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 buying an additional 1,169,330 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP William R. Boyd sold 7,000 shares of Boyd Gaming Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.71, for a total value of $186,970.00. Following the sale, the vice president now owns 1,251 shares of the company’s stock, valued at $33,414.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William S. Boyd sold 76,531 shares of Boyd Gaming Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.18, for a total value of $1,927,050.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,531 shares of company stock worth $3,447,521. 29.16% of the stock is owned by company insiders.

Boyd Gaming Corporation (NYSE BYD) opened at 25.04 on Monday. The firm has a 50-day moving average price of $26.22 and a 200 day moving average price of $24.32. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 6.61 and a beta of 1.92. Boyd Gaming Corporation has a 12 month low of $16.77 and a 12 month high of $27.00.

Boyd Gaming Corporation (NYSE:BYD) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The firm had revenue of $599.87 million during the quarter, compared to the consensus estimate of $602.39 million. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. On average, equities analysts forecast that Boyd Gaming Corporation will post $1.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, September 15th. Boyd Gaming Corporation’s dividend payout ratio is currently 5.25%.

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Several research analysts recently weighed in on the company. BidaskClub lowered Boyd Gaming Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC upped their price target 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 lowered Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Instinet reissued a “buy” rating and set a $30.00 price target (up from $27.00) on shares of Boyd Gaming Corporation in a research report on Monday, June 19th. Finally, Morgan Stanley lowered Boyd Gaming Corporation from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research report on Tuesday, June 20th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Boyd Gaming Corporation has an average rating of “Buy” and an average target price of $26.87.

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.

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

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