Texas Permanent School Fund boosted its stake in shares of Boyd Gaming Corporation (NYSE:BYD) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 60,351 shares of the company’s stock after buying an additional 600 shares during the period. Texas Permanent School Fund’s holdings in Boyd Gaming Corporation were worth $1,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BYD. US Bancorp DE increased its stake in Boyd Gaming Corporation by 7.9% in the first quarter. US Bancorp DE now owns 61,371 shares of the company’s stock valued at $1,351,000 after buying an additional 4,508 shares during the period. American Century Companies Inc. increased its stake in Boyd Gaming Corporation by 909.7% in the first quarter. American Century Companies Inc. now owns 347,918 shares of the company’s stock valued at $7,658,000 after buying an additional 313,462 shares during the period. First Trust Advisors LP increased its stake in Boyd Gaming Corporation by 46.7% in the first quarter. First Trust Advisors LP now owns 32,149 shares of the company’s stock valued at $708,000 after buying an additional 10,235 shares during the period. Capital One National Association increased its stake in Boyd Gaming Corporation by 1.0% in the first quarter. Capital One National Association now owns 18,194 shares of the company’s stock valued at $400,000 after buying an additional 178 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in Boyd Gaming Corporation by 2.6% in the first quarter. Wedge Capital Management L L P NC now owns 15,558 shares of the company’s stock valued at $342,000 after buying an additional 397 shares during the period. Institutional investors and hedge funds own 71.12% of the company’s stock.

Shares of Boyd Gaming Corporation (BYD) opened at 26.42 on Wednesday. Boyd Gaming Corporation has a 52 week low of $16.77 and a 52 week high of $26.87. The company’s 50 day moving average is $25.60 and its 200-day moving average is $23.30. The stock has a market capitalization of $2.98 billion, a PE ratio of 6.98 and a beta of 1.93.

Boyd Gaming Corporation (NYSE:BYD) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. Boyd Gaming Corporation had a return on equity of 13.31% and a net margin of 19.15%. The business had revenue of $599.87 million during the quarter, compared to analysts’ expectations of $602.39 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts predict that Boyd Gaming Corporation will post $1.10 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/boyd-gaming-corporation-byd-position-increased-by-texas-permanent-school-fund/1493264.html.

Several equities research analysts have weighed in on the stock. Instinet reaffirmed a “buy” rating and issued a $30.00 price target (up from $27.00) on shares of Boyd Gaming Corporation in a research note on Monday, June 19th. Morgan Stanley downgraded shares of Boyd Gaming Corporation from an “overweight” rating to an “equal weight” rating and set a $26.00 price target for the company. in a research note on Tuesday, June 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Boyd Gaming Corporation from a “sell” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Friday, July 14th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $25.00 price target (up from $22.00) on shares of Boyd Gaming Corporation in a research note on Monday, June 19th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $27.00 price target (up from $25.00) on shares of Boyd Gaming Corporation in a research note on Monday, June 5th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.87.

In related news, Director Robert L. Boughner sold 25,510 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $25.21, for a total value of $643,107.10. Following the sale, the director now owns 65,510 shares in the company, valued at $1,651,507.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William R. Boyd sold 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $26.55, for a total transaction of $265,500.00. Following the completion of the sale, the vice president now owns 8,251 shares in the company, valued at approximately $219,064.05. The disclosure for this sale can be found here. Insiders sold 183,816 shares of company stock worth $4,672,840 in the last three months. Insiders own 29.16% of the company’s stock.

About Boyd Gaming Corporation

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.

Want to see what other hedge funds are holding BYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boyd Gaming Corporation (NYSE:BYD).

Institutional Ownership by Quarter for Boyd Gaming Corporation (NYSE:BYD)

Receive News & Ratings for Boyd Gaming Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.