Stanley Laman Group Ltd. Cuts Holdings in Boyd Gaming Co. (NYSE:BYD)

Stanley Laman Group Ltd. lessened its stake in Boyd Gaming Co. (NYSE:BYD) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,021 shares of the company’s stock after selling 1,170 shares during the period. Stanley Laman Group Ltd.’s holdings in Boyd Gaming were worth $2,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Boyd Gaming by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,980,306 shares of the company’s stock valued at $485,442,000 after purchasing an additional 167,849 shares in the last quarter. HG Vora Capital Management LLC boosted its stake in shares of Boyd Gaming by 12.5% in the 3rd quarter. HG Vora Capital Management LLC now owns 2,250,000 shares of the company’s stock valued at $136,868,000 after purchasing an additional 250,000 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Boyd Gaming by 885.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,657,441 shares of the company’s stock valued at $100,822,000 after purchasing an additional 1,489,240 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Boyd Gaming by 40.5% in the 3rd quarter. American Century Companies Inc. now owns 824,200 shares of the company’s stock valued at $50,136,000 after purchasing an additional 237,525 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Boyd Gaming by 22.0% in the 3rd quarter. Jennison Associates LLC now owns 554,804 shares of the company’s stock valued at $33,749,000 after purchasing an additional 100,219 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Trading Down 15.4 %

NYSE BYD traded down $9.71 during trading on Friday, hitting $53.18. The company had a trading volume of 6,822,882 shares, compared to its average volume of 812,057. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Boyd Gaming Co. has a one year low of $52.42 and a one year high of $73.00. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 2.98 and a beta of 1.60. The company’s fifty day moving average is $63.98 and its 200-day moving average is $62.01.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. Boyd Gaming had a net margin of 16.58% and a return on equity of 36.97%. The business had revenue of $954.41 million during the quarter, compared to analyst estimates of $928.04 million. During the same period in the prior year, the business earned $1.72 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts predict that Boyd Gaming Co. will post 6.19 earnings per share for the current year.

Boyd Gaming Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. This is a positive change from Boyd Gaming’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 14th. Boyd Gaming’s dividend payout ratio (DPR) is presently 11.15%.

Analyst Upgrades and Downgrades

BYD has been the subject of a number of research reports. StockNews.com raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Barclays lowered their price target on shares of Boyd Gaming from $70.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday. Stifel Nicolaus lowered their price target on shares of Boyd Gaming from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday. Morgan Stanley upped their price target on shares of Boyd Gaming from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Mizuho lowered their price target on shares of Boyd Gaming from $80.00 to $78.00 and set a “buy” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.20.

Insider Buying and Selling

In related news, COO Ted Bogich sold 41,631 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.79, for a total value of $2,697,272.49. Following the completion of the transaction, the chief operating officer now directly owns 66,803 shares in the company, valued at approximately $4,328,166.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Ted Bogich sold 41,631 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $64.79, for a total transaction of $2,697,272.49. Following the sale, the chief operating officer now directly owns 66,803 shares of the company’s stock, valued at approximately $4,328,166.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Randall Thoman sold 2,500 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $63.75, for a total transaction of $159,375.00. Following the sale, the director now directly owns 4,017 shares in the company, valued at $256,083.75. The disclosure for this sale can be found here. Insiders sold a total of 582,910 shares of company stock worth $37,299,461 in the last three months. 27.94% of the stock is owned by corporate insiders.

Boyd Gaming Profile

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.