AHL Partners LLP Takes Position in Boyd Gaming Corporation (BYD)
AHL Partners LLP bought a new position in Boyd Gaming Corporation (NYSE:BYD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 184,508 shares of the company’s stock, valued at approximately $4,577,000. AHL Partners LLP owned about 0.16% of Boyd Gaming Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its position in Boyd Gaming Corporation by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 33,700 shares of the company’s stock worth $836,000 after purchasing an additional 100 shares during the last quarter. Legal & General Group Plc boosted its position in Boyd Gaming Corporation by 0.4% in the first quarter. Legal & General Group Plc now owns 148,018 shares of the company’s stock worth $3,255,000 after purchasing an additional 517 shares during the last quarter. Amalgamated Bank boosted its position in Boyd Gaming Corporation by 5.0% in the second quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock worth $284,000 after purchasing an additional 546 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Boyd Gaming Corporation by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 26,520 shares of the company’s stock worth $658,000 after purchasing an additional 550 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in Boyd Gaming Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 60,351 shares of the company’s stock worth $1,497,000 after purchasing an additional 600 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.
Boyd Gaming Corporation (NYSE BYD) opened at 27.62 on Friday. The stock’s 50 day moving average price is $26.12 and its 200-day moving average price is $24.78. Boyd Gaming Corporation has a 52-week low of $16.77 and a 52-week high of $27.98. The stock has a market capitalization of $3.12 billion, a PE ratio of 7.30 and a beta of 1.87.
Boyd Gaming Corporation (NYSE:BYD) last posted its earnings results on Thursday, July 27th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $599.87 million for the quarter, compared to analyst estimates of $602.39 million. Boyd Gaming Corporation had a return on equity of 13.31% and a net margin of 19.15%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. On average, equities analysts expect that Boyd Gaming Corporation will post $1.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%. Boyd Gaming Corporation’s dividend payout ratio is currently 5.25%.
In other Boyd Gaming Corporation news, Director John Robert Bailey purchased 10,000 shares of the stock in a transaction on Monday, July 31st. The shares were bought at an average price of $25.33 per share, for a total transaction of $253,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Boughner sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.70, for a total value of $1,068,000.00. Following the transaction, the director now owns 40,000 shares in the company, valued at approximately $1,068,000. The disclosure for this sale can be found here. Insiders have sold 133,531 shares of company stock worth $3,447,521 in the last quarter. 29.16% of the stock is currently owned by company insiders.
Several research analysts have issued reports on the company. BidaskClub raised Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Boyd Gaming Corporation from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday. ValuEngine raised Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Barclays PLC raised their target price on Boyd Gaming Corporation from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. Finally, Instinet reissued a “buy” rating and issued a $30.00 target price (up from $27.00) on shares of Boyd Gaming Corporation in a research report on Monday, June 19th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.93.
Boyd Gaming Corporation Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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