International Assets Investment Management LLC Has $119.32 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

International Assets Investment Management LLC lifted its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 4,816.4% during the 3rd quarter, Holdings Channel reports. The firm owned 184,560 shares of the company’s stock after purchasing an additional 180,806 shares during the period. International Assets Investment Management LLC’s holdings in Boyd Gaming were worth $119,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Cetera Trust Company N.A increased its holdings in shares of Boyd Gaming by 5.4% during the third quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock worth $215,000 after purchasing an additional 170 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Boyd Gaming by 57.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 189 shares during the period. AlphaMark Advisors LLC increased its holdings in shares of Boyd Gaming by 2.6% during the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock worth $444,000 after purchasing an additional 205 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Boyd Gaming by 4.9% during the first quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock worth $360,000 after purchasing an additional 249 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Boyd Gaming by 58.2% during the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after purchasing an additional 288 shares during the period. 76.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BYD has been the topic of several recent research reports. Macquarie lowered their target price on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Mizuho reissued an “outperform” rating and issued a $79.00 price objective (up from $78.00) on shares of Boyd Gaming in a research note on Friday. Morgan Stanley lifted their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Boyd Gaming Stock Performance

NYSE BYD opened at $69.35 on Friday. The firm’s fifty day moving average price is $62.42 and its two-hundred day moving average price is $58.46. The stock has a market cap of $6.58 billion, a PE ratio of 12.45 and a beta of 1.57. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $71.00. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.79 and a current ratio of 0.83.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, July 25th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $967.50 million for the quarter, compared to analysts’ expectations of $909.49 million. Boyd Gaming had a net margin of 13.32% and a return on equity of 34.29%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. On average, equities analysts expect that Boyd Gaming Co. will post 6.25 EPS for the current fiscal year.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.98%. Boyd Gaming’s payout ratio is presently 12.21%.

Insider Transactions at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,242 shares of Boyd Gaming stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.36, for a total transaction of $74,967.12. Following the transaction, the director now owns 1,096 shares in the company, valued at approximately $66,154.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Christine J. Spadafor sold 1,242 shares of Boyd Gaming stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.36, for a total transaction of $74,967.12. Following the transaction, the director now owns 1,096 shares in the company, valued at approximately $66,154.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of Boyd Gaming stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the transaction, the chairman now owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.94% of the stock is owned by company insiders.

Boyd Gaming Profile

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.