WINTON GROUP Ltd Takes $6.03 Million Position in Boyd Gaming Corporation $BYD

WINTON GROUP Ltd bought a new position in shares of Boyd Gaming Corporation (NYSE:BYD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,803 shares of the company’s stock, valued at approximately $6,034,000. WINTON GROUP Ltd owned approximately 0.09% of Boyd Gaming as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in shares of Boyd Gaming by 3.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 35,578 shares of the company’s stock valued at $3,076,000 after acquiring an additional 1,183 shares during the period. Schroder Investment Management Group purchased a new stake in Boyd Gaming during the 3rd quarter worth $2,627,000. Guardian Capital LP purchased a new stake in shares of Boyd Gaming in the third quarter worth about $251,000. Aptus Capital Advisors LLC boosted its position in shares of Boyd Gaming by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 119,814 shares of the company’s stock worth $10,358,000 after buying an additional 15,797 shares during the period. Finally, Cresset Asset Management LLC raised its holdings in shares of Boyd Gaming by 296.9% during the 3rd quarter. Cresset Asset Management LLC now owns 13,058 shares of the company’s stock valued at $1,131,000 after buying an additional 9,768 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Boyd Gaming Stock Up 0.5%

Boyd Gaming stock opened at $80.50 on Tuesday. Boyd Gaming Corporation has a 52 week low of $58.94 and a 52 week high of $89.96. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 3.54, a PEG ratio of 1.69 and a beta of 1.20. The company’s 50-day moving average price is $84.78 and its two-hundred day moving average price is $83.79. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.78.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, February 5th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.33. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $1.96 earnings per share. On average, analysts expect that Boyd Gaming Corporation will post 6.52 EPS for the current fiscal year.

Boyd Gaming Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Boyd Gaming’s dividend payout ratio is presently 3.16%.

Analysts Set New Price Targets

BYD has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. UBS Group set a $110.00 target price on Boyd Gaming in a research note on Wednesday, December 24th. Wells Fargo & Company cut their price objective on Boyd Gaming from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. Mizuho set a $100.00 price target on shares of Boyd Gaming in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $86.00 price objective on Boyd Gaming in a research report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.58.

Insiders Place Their Bets

In other news, Director William R. Boyd sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $84.84, for a total transaction of $2,545,200.00. Following the completion of the sale, the director directly owned 1,930,447 shares of the company’s stock, valued at $163,779,123.48. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Josh Hirsberg sold 23,924 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $85.86, for a total transaction of $2,054,114.64. Following the sale, the chief financial officer directly owned 435,746 shares of the company’s stock, valued at $37,413,151.56. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 73,454 shares of company stock worth $6,231,827. 21.97% of the stock is owned by corporate insiders.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.