Healthcare of Ontario Pension Plan Trust Fund Sells 42,589 Shares of Boyd Gaming Co. (NYSE:BYD)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Boyd Gaming Co. (NYSE:BYD) by 77.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,089 shares of the company’s stock after selling 42,589 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Boyd Gaming were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Boyd Gaming by 57.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 189 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Boyd Gaming by 2.6% during the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock worth $444,000 after purchasing an additional 205 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Boyd Gaming by 4.9% during the first quarter. Lazard Asset Management LLC now owns 5,361 shares of the company’s stock worth $360,000 after purchasing an additional 249 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after buying an additional 288 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Boyd Gaming by 13.4% in the second quarter. Signaturefd LLC now owns 2,728 shares of the company’s stock valued at $150,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Wall Street Analyst Weigh In

BYD has been the topic of a number of research analyst reports. StockNews.com raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Stifel Nicolaus boosted their price objective on shares of Boyd Gaming from $65.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Bank of America increased their price objective on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Macquarie dropped their target price on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Finally, Morgan Stanley upgraded Boyd Gaming from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $66.00 to $74.00 in a report on Wednesday, September 4th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.31.

Insider Activity

In other Boyd Gaming news, Director Christine J. Spadafor sold 1,242 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.36, for a total transaction of $74,967.12. Following the sale, the director now directly owns 1,096 shares in the company, valued at approximately $66,154.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Boyd Gaming news, Director Christine J. Spadafor sold 1,242 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the transaction, the director now owns 1,096 shares in the company, valued at approximately $66,154.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $60.23, for a total value of $4,404,619.90. Following the completion of the sale, the chairman now owns 1,423,498 shares in the company, valued at approximately $85,737,284.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.94% of the stock is currently owned by company insiders.

Boyd Gaming Stock Down 2.1 %

Boyd Gaming stock opened at $63.21 on Wednesday. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 11.35 and a beta of 1.57. The company’s 50 day simple moving average is $60.32 and its 200 day simple moving average is $58.51. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79. Boyd Gaming Co. has a fifty-two week low of $49.34 and a fifty-two week high of $68.46.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Boyd Gaming had a net margin of 13.32% and a return on equity of 34.29%. The company had revenue of $967.50 million for the quarter, compared to analysts’ expectations of $909.49 million. During the same period last year, the firm posted $1.58 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Boyd Gaming Co. will post 6.25 EPS for the current year.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, September 13th. Boyd Gaming’s dividend payout ratio is currently 12.21%.

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.