Centiva Capital LP Decreases Stake in Boyd Gaming Co. (NYSE:BYD)

Centiva Capital LP lowered its holdings in Boyd Gaming Co. (NYSE:BYD) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,236 shares of the company’s stock after selling 22,452 shares during the quarter. Centiva Capital LP’s holdings in Boyd Gaming were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Boyd Gaming by 47.4% in the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the last quarter. UMB Bank n.a. increased its position in Boyd Gaming by 80.3% during the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. Cetera Trust Company N.A increased its position in Boyd Gaming by 6.2% during the fourth quarter. Cetera Trust Company N.A now owns 3,535 shares of the company’s stock valued at $256,000 after acquiring an additional 205 shares during the last quarter. US Bancorp DE increased its position in Boyd Gaming by 13.6% during the fourth quarter. US Bancorp DE now owns 2,943 shares of the company’s stock valued at $213,000 after acquiring an additional 353 shares during the last quarter. Finally, Keybank National Association OH increased its position in Boyd Gaming by 2.6% during the fourth quarter. Keybank National Association OH now owns 14,039 shares of the company’s stock valued at $1,018,000 after acquiring an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Trading Up 0.7%

Shares of NYSE BYD opened at $72.04 on Monday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The business’s 50 day moving average price is $67.17 and its 200-day moving average price is $71.61. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $80.50. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 4.46 and a beta of 1.32.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm had revenue of $991.57 million for the quarter, compared to the consensus estimate of $976.38 million. During the same period in the prior year, the business posted $1.51 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be issued a $0.18 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.00%. Boyd Gaming’s payout ratio is 11.75%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BYD. Macquarie reissued a “neutral” rating and set a $74.00 price target on shares of Boyd Gaming in a report on Friday, April 25th. Barclays dropped their price objective on Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Stifel Nicolaus dropped their price objective on Boyd Gaming from $82.00 to $71.00 and set a “hold” rating for the company in a research note on Friday, April 25th. Finally, StockNews.com lowered Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.07.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,125 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the transaction, the director now directly owns 4,852 shares in the company, valued at $365,258.56. This trade represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William R. Boyd sold 15,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $79.32, for a total value of $1,189,800.00. Following the transaction, the director now owns 1,472,970 shares in the company, valued at $116,835,980.40. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,125 shares of company stock worth $5,158,490. 27.94% of the stock is currently owned by company insiders.

Boyd Gaming Company 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.