KBC Group NV Purchases 232 Shares of Boyd Gaming Co. (NYSE:BYD)

KBC Group NV grew its holdings in Boyd Gaming Co. (NYSE:BYD) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 25,407 shares of the company’s stock after purchasing an additional 232 shares during the period. KBC Group NV’s holdings in Boyd Gaming were worth $1,643,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BYD. Altshuler Shaham Ltd bought a new stake in shares of Boyd Gaming during the 2nd quarter valued at $29,000. Allspring Global Investments Holdings LLC increased its holdings in Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 189 shares during the last quarter. Covestor Ltd increased its holdings in Boyd Gaming by 54.9% in the third quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after purchasing an additional 208 shares during the last quarter. Blue Trust Inc. lifted its stake in Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after buying an additional 288 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Boyd Gaming by 921.8% during the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after buying an additional 802 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on BYD. Barclays increased their price target on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Bank of America raised their price target on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Boyd Gaming Price Performance

NYSE BYD opened at $71.95 on Tuesday. The firm’s 50 day moving average is $66.23 and its 200-day moving average is $59.59. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $6.36 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 9.45 and a beta of 1.55. Boyd Gaming Co. has a 12-month low of $49.34 and a 12-month high of $74.78.

Insider Activity at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the sale, the director now owns 1,096 shares in the company, valued at $66,154.56. This represents a 53.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Keith Smith sold 40,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.49, for a total transaction of $2,939,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,161,202 shares of the company’s stock, valued at $85,336,734.98. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 161,076 shares of company stock valued at $10,702,931. Corporate insiders own 27.94% of the company’s stock.

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.