Gamco Investors INC. ET AL Has $38.67 Million Holdings in Boyd Gaming Co. (NYSE:BYD)

Gamco Investors INC. ET AL trimmed its position in shares of Boyd Gaming Co. (NYSE:BYD) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 533,050 shares of the company’s stock after selling 63,269 shares during the period. Gamco Investors INC. ET AL’s holdings in Boyd Gaming were worth $38,667,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BYD. GAMMA Investing LLC raised its position in Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the period. UMB Bank n.a. boosted its holdings in shares of Boyd Gaming by 80.3% during the fourth quarter. UMB Bank n.a. now owns 393 shares of the company’s stock worth $29,000 after purchasing an additional 175 shares during the period. Cetera Trust Company N.A increased its stake in Boyd Gaming by 6.2% in the 4th quarter. Cetera Trust Company N.A now owns 3,535 shares of the company’s stock valued at $256,000 after buying an additional 205 shares during the period. US Bancorp DE lifted its position in Boyd Gaming by 13.6% in the 4th quarter. US Bancorp DE now owns 2,943 shares of the company’s stock worth $213,000 after buying an additional 353 shares in the last quarter. Finally, Keybank National Association OH boosted its stake in shares of Boyd Gaming by 2.6% during the 4th quarter. Keybank National Association OH now owns 14,039 shares of the company’s stock valued at $1,018,000 after buying an additional 362 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BYD shares. Argus raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Tuesday, December 17th. Mizuho upped their target price on Boyd Gaming from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective on shares of Boyd Gaming from $82.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Truist Financial dropped their target price on shares of Boyd Gaming from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Barclays raised their price target on Boyd Gaming from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Boyd Gaming presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Activity

In other news, Director William R. Boyd sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were 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 of the company’s stock, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $77.68, for a total transaction of $3,884,000.00. Following the completion of the transaction, the chairman now owns 1,346,628 shares in the company, valued at $104,606,063.04. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,125 shares of company stock valued at $5,158,490 over the last three months. 27.94% of the stock is owned by insiders.

Boyd Gaming Stock Up 0.2 %

BYD opened at $64.74 on Tuesday. 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 firm has a market cap of $5.34 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 4.46 and a beta of 1.31. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50. The firm’s 50-day simple moving average is $70.61 and its 200-day simple moving average is $71.10.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.21. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. Equities research analysts anticipate that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. Boyd Gaming’s payout ratio is currently 11.58%.

About Boyd Gaming

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.