Campbell & CO Investment Adviser LLC Sells 10,710 Shares of Boyd Gaming Corporation $BYD

Campbell & CO Investment Adviser LLC reduced its position in shares of Boyd Gaming Corporation (NYSE:BYD) by 26.8% in the second quarter, Holdings Channel reports. The firm owned 29,262 shares of the company’s stock after selling 10,710 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Boyd Gaming were worth $2,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ruffer LLP acquired a new position in Boyd Gaming in the 2nd quarter valued at about $6,471,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Boyd Gaming during the second quarter worth $402,000. EP Wealth Advisors LLC acquired a new position in Boyd Gaming in the 1st quarter valued at about $206,000. Strs Ohio acquired a new position in shares of Boyd Gaming in the first quarter valued at approximately $1,939,000. Finally, Redwood Investment Management LLC grew its stake in shares of Boyd Gaming by 7.0% in the first quarter. Redwood Investment Management LLC now owns 75,792 shares of the company’s stock worth $4,989,000 after acquiring an additional 4,977 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Insider Activity at Boyd Gaming

In related news, Chairman Marianne Boyd Johnson sold 100,000 shares of Boyd Gaming stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $86.62, for a total value of $8,662,000.00. Following the completion of the transaction, the chairman directly owned 1,704,379 shares in the company, valued at approximately $147,633,308.98. This trade represents a 5.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keith Smith sold 25,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $85.21, for a total transaction of $2,130,250.00. Following the sale, the chief executive officer owned 1,046,689 shares of the company’s stock, valued at approximately $89,188,369.69. The trade was a 2.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 340,035 shares of company stock valued at $28,880,889. Corporate insiders own 27.94% of the company’s stock.

Wall Street Analyst Weigh In

BYD has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on shares of Boyd Gaming from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Stifel Nicolaus lifted their price target on Boyd Gaming from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Boyd Gaming in a research note on Wednesday, October 8th. Truist Financial upped their price target on Boyd Gaming from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Zacks Research cut shares of Boyd Gaming from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $90.08.

Boyd Gaming Trading Up 1.7%

Shares of Boyd Gaming stock opened at $82.69 on Tuesday. The business’s fifty day moving average is $83.23 and its two-hundred day moving average is $80.28. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.53. Boyd Gaming Corporation has a fifty-two week low of $58.94 and a fifty-two week high of $88.49. The firm has a market cap of $6.46 billion, a PE ratio of 3.61, a P/E/G ratio of 2.02 and a beta of 1.31.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. Boyd Gaming had a net margin of 46.02% and a return on equity of 41.97%. The company had revenue of $707.32 million for the quarter. Analysts anticipate that Boyd Gaming Corporation will post 6.52 earnings per share for the current year.

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.