WINTON GROUP Ltd Invests $4.63 Million in Boyd Gaming Corporation $BYD

WINTON GROUP Ltd bought a new position in shares of Boyd Gaming Corporation (NYSE:BYD) in the second quarter, Holdings Channel.com reports. The fund bought 52,446 shares of the company’s stock, valued at approximately $4,633,000.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after acquiring an additional 196 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Boyd Gaming by 13.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock valued at $628,000 after purchasing an additional 1,172 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Boyd Gaming during the 1st quarter valued at about $207,000. M&T Bank Corp bought a new stake in shares of Boyd Gaming during the 2nd quarter valued at about $229,000. Finally, Amundi grew its stake in Boyd Gaming by 14,719.0% during the second quarter. Amundi now owns 3,112 shares of the company’s stock worth $253,000 after purchasing an additional 3,091 shares during the period. Institutional investors own 76.81% of the company’s stock.

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, CFO Josh Hirsberg sold 12,777 shares of Boyd Gaming stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.76, for a total transaction of $1,146,863.52. Following the completion of the transaction, the chief financial officer owned 422,969 shares in the company, valued at approximately $37,965,697.44. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.82% of the company’s stock.

Boyd Gaming Stock Performance

BYD opened at $76.35 on Friday. Boyd Gaming Corporation has a 1-year low of $74.79 and a 1-year high of $91.41. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 3.36, a PEG ratio of 1.34 and a beta of 1.06. The company’s fifty day moving average price is $83.68 and its two-hundred day moving average price is $84.07. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.52%. The business’s revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $1.87 earnings per share. On average, analysts expect that Boyd Gaming Corporation will post 7.29 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.80 annualized dividend and a yield of 1.0%. Boyd Gaming’s dividend payout ratio (DPR) is presently 3.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BYD. Susquehanna lifted their target price on Boyd Gaming from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Wolfe Research started coverage on Boyd Gaming in a report on Wednesday, September 2nd. They set a “peer perform” rating on the stock. Weiss Ratings downgraded shares of Boyd Gaming from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Morgan Stanley lowered their price objective on shares of Boyd Gaming from $90.00 to $89.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. Finally, Mizuho set a $104.00 target price on shares of Boyd Gaming in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.69.

Boyd Gaming Company Profile

Boyd Gaming Corporation is a gaming and hospitality company that owns and operates casinos, hotels, restaurants, entertainment venues and related amenities. Its properties offer casino games such as slots, table games and poker, along with lodging, dining, convention and entertainment services.

Founded in 1975 by gaming executive Sam Boyd, the company is headquartered in Las Vegas, Nevada. Boyd Gaming operates regional gaming properties across several U.S. states, including Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Ohio and Pennsylvania.