Centiva Capital LP Acquires 10,608 Shares of Boyd Gaming Co. (NYSE:BYD)

Centiva Capital LP grew its position in Boyd Gaming Co. (NYSE:BYD) by 62.1% in the third quarter, Holdings Channel.com reports. The fund owned 27,688 shares of the company’s stock after buying an additional 10,608 shares during the period. Centiva Capital LP’s holdings in Boyd Gaming were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. bought a new position in shares of Boyd Gaming in the third quarter valued at approximately $315,000. Goldentree Asset Management LP acquired a new stake in Boyd Gaming during the 3rd quarter worth approximately $11,490,000. Townsquare Capital LLC acquired a new stake in shares of Boyd Gaming in the 3rd quarter valued at about $200,000. BNP Paribas Financial Markets grew its holdings in shares of Boyd Gaming by 22.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,910 shares of the company’s stock valued at $1,223,000 after acquiring an additional 3,480 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Boyd Gaming by 113.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,658 shares of the company’s stock valued at $1,982,000 after acquiring an additional 16,325 shares during the period. Institutional investors own 76.81% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Josh Hirsberg sold 21,549 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the sale, the chief financial officer now directly owns 438,615 shares of the company’s stock, valued at approximately $31,330,269.45. This represents a 4.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 25,155 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the sale, the director now directly owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,704 shares of company stock worth $10,540,944. 28.40% of the stock is currently owned by company insiders.

Boyd Gaming Stock Down 1.3 %

Shares of NYSE:BYD opened at $74.05 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The firm has a market capitalization of $6.54 billion, a P/E ratio of 14.13, a P/E/G ratio of 9.85 and a beta of 1.54. The stock has a 50 day moving average price of $68.41 and a 200-day moving average price of $60.89. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $75.34.

Analysts Set New Price Targets

BYD has been the topic of several recent research reports. Barclays raised their target price on shares of Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Truist Financial lifted their price target on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company boosted their target price on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.38.

Boyd Gaming Company 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.