Natixis Advisors LLC Sells 28,534 Shares of Boyd Gaming Co. (NYSE:BYD)

Natixis Advisors LLC lessened its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 71.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,280 shares of the company’s stock after selling 28,534 shares during the quarter. Natixis Advisors LLC’s holdings in Boyd Gaming were worth $729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of Boyd Gaming by 103.1% during the first quarter. Comerica Bank now owns 42,898 shares of the company’s stock worth $2,888,000 after purchasing an additional 21,772 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Boyd Gaming by 11,891.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company’s stock worth $4,016,000 after purchasing an additional 61,599 shares during the period. Sei Investments Co. lifted its holdings in shares of Boyd Gaming by 24.7% during the second quarter. Sei Investments Co. now owns 497,331 shares of the company’s stock worth $27,403,000 after purchasing an additional 98,508 shares during the period. SG Americas Securities LLC acquired a new position in shares of Boyd Gaming during the second quarter worth $730,000. Finally, Ariel Investments LLC lifted its holdings in shares of Boyd Gaming by 12.5% during the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock worth $167,046,000 after purchasing an additional 335,984 shares during the period. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming Price Performance

Shares of NYSE BYD opened at $73.10 on Thursday. The firm’s 50-day moving average price is $67.62 and its 200-day moving average price is $60.36. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $74.78. The firm has a market capitalization of $6.46 billion, a P/E ratio of 13.99, a P/E/G ratio of 9.58 and a beta of 1.55. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BYD shares. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Mizuho restated an “outperform” rating and issued a $79.00 target price (up previously from $78.00) on shares of Boyd Gaming in a report on Friday, October 25th. Finally, Bank of America boosted their target price on shares of Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.38.

Insider Activity

In other news, CFO Josh Hirsberg sold 21,549 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 438,615 shares of the company’s stock, valued at $31,330,269.45. The trade was a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Keith Smith sold 40,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.49, for a total transaction of $2,939,600.00. Following the sale, the chief executive officer now directly owns 1,161,202 shares of the company’s stock, valued at approximately $85,336,734.98. The trade was a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,704 shares of company stock worth $10,540,944. Company insiders own 28.40% of the company’s stock.

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.