International Assets Investment Management LLC Has $203,000 Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

International Assets Investment Management LLC decreased its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 98.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,004 shares of the company’s stock after selling 185,020 shares during the period. International Assets Investment Management LLC’s holdings in Boyd Gaming were worth $203,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its holdings in Boyd Gaming by 105.5% during the third quarter. Parkside Financial Bank & Trust now owns 411 shares of the company’s stock worth $25,000 after buying an additional 211 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Boyd Gaming by 4.9% during the third quarter. Kestra Advisory Services LLC now owns 6,654 shares of the company’s stock worth $405,000 after buying an additional 308 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Boyd Gaming by 3.0% in the fourth quarter. QRG Capital Management Inc. now owns 11,363 shares of the company’s stock valued at $711,000 after purchasing an additional 327 shares during the last quarter. Signet Financial Management LLC raised its holdings in shares of Boyd Gaming by 1.4% in the fourth quarter. Signet Financial Management LLC now owns 28,002 shares of the company’s stock valued at $1,753,000 after purchasing an additional 390 shares during the last quarter. Finally, LVZ Inc. raised its holdings in shares of Boyd Gaming by 11.0% in the fourth quarter. LVZ Inc. now owns 4,359 shares of the company’s stock valued at $273,000 after purchasing an additional 432 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Activity

In other news, Director Christine J. Spadafor sold 1,874 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $53.38, for a total value of $100,034.12. Following the completion of the transaction, the director now directly owns 2,338 shares in the company, valued at $124,802.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.94% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on BYD. Wells Fargo & Company lowered their target price on shares of Boyd Gaming from $82.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating and lowered their target price for the company from $78.00 to $71.00 in a report on Friday, April 26th. Royal Bank of Canada lowered their target price on shares of Boyd Gaming from $337.00 to $308.00 and set an “outperform” rating for the company in a report on Thursday, May 16th. Morgan Stanley raised their price objective on shares of Boyd Gaming from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Raymond James initiated coverage on shares of Boyd Gaming in a report on Tuesday, May 21st. They set an “outperform” rating and a $67.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $91.42.

Boyd Gaming Price Performance

Shares of NYSE:BYD opened at $54.53 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $5.17 billion, a PE ratio of 9.79 and a beta of 1.59. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $73.00. The company has a 50-day moving average price of $54.76 and a two-hundred day moving average price of $60.59.

Boyd Gaming (NYSE:BYD) last issued its earnings results on Thursday, April 25th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). Boyd Gaming had a return on equity of 34.76% and a net margin of 14.91%. The business had revenue of $960.52 million for the quarter, compared to the consensus estimate of $947.26 million. Equities analysts forecast that Boyd Gaming Co. will post 6.06 EPS for the current year.

Boyd Gaming announced that its Board of Directors has initiated a stock repurchase plan on Monday, May 13th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 9.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Boyd Gaming Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Saturday, June 15th will be given a $0.17 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.25%. Boyd Gaming’s dividend payout ratio (DPR) is currently 12.21%.

About Boyd Gaming

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.