Dimensional Fund Advisors LP lifted its holdings in shares of Boyd Gaming Corporation (NYSE:BYD) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 523,432 shares of the company’s stock after purchasing an additional 925 shares during the period. Dimensional Fund Advisors LP owned about 0.46% of Boyd Gaming Corporation worth $12,987,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its position in Boyd Gaming Corporation by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,700 shares of the company’s stock valued at $836,000 after buying an additional 100 shares during the period. Amalgamated Bank boosted its position in Boyd Gaming Corporation by 5.0% during the 2nd quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock valued at $284,000 after buying an additional 546 shares during the period. Nisa Investment Advisors LLC boosted its position in Boyd Gaming Corporation by 2.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 26,520 shares of the company’s stock valued at $658,000 after buying an additional 550 shares during the period. Texas Permanent School Fund boosted its position in Boyd Gaming Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 60,351 shares of the company’s stock valued at $1,497,000 after buying an additional 600 shares during the period. Finally, US Bancorp DE boosted its position in Boyd Gaming Corporation by 1.5% during the 2nd quarter. US Bancorp DE now owns 62,282 shares of the company’s stock valued at $1,545,000 after buying an additional 911 shares during the period. 74.58% of the stock is owned by institutional investors and hedge funds.

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In related news, VP William R. Boyd sold 7,000 shares of Boyd Gaming Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.71, for a total transaction of $186,970.00. Following the completion of the transaction, the vice president now directly owns 1,251 shares of the company’s stock, valued at approximately $33,414.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert L. Boughner sold 40,000 shares of Boyd Gaming Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.70, for a total transaction of $1,068,000.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at $1,068,000. The disclosure for this sale can be found here. Company insiders own 29.16% of the company’s stock.

Several brokerages have weighed in on BYD. Zacks Investment Research raised shares of Boyd Gaming Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Morgan Stanley set a $28.00 price target on shares of Boyd Gaming Corporation and gave the company a “hold” rating in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reissued a “buy” rating and set a $27.00 price target on shares of Boyd Gaming Corporation in a research report on Tuesday, October 24th. Telsey Advisory Group increased their price target on shares of Boyd Gaming Corporation from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Finally, Stifel Nicolaus increased their price target on shares of Boyd Gaming Corporation from $28.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $27.47.

Shares of Boyd Gaming Corporation (BYD) opened at $29.11 on Tuesday. Boyd Gaming Corporation has a 12-month low of $18.45 and a 12-month high of $29.89. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.73 and a quick ratio of 0.68. The company has a market cap of $3,249.34, a PE ratio of 24.48 and a beta of 1.82.

Boyd Gaming Corporation (NYSE:BYD) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Boyd Gaming Corporation had a net margin of 5.08% and a return on equity of 13.82%. The business had revenue of $587.70 million for the quarter, compared to analysts’ expectations of $592.29 million. During the same period last year, the business earned $0.14 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. research analysts predict that Boyd Gaming Corporation will post 1.05 earnings per share for the current year.

The firm also recently declared a monthly dividend, which was paid on Friday, October 27th. Investors of record on Saturday, September 30th were given a dividend of $0.043 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.77%. Boyd Gaming Corporation’s dividend payout ratio (DPR) is currently 19.23%.

Boyd Gaming Corporation Profile

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

Institutional Ownership by Quarter for Boyd Gaming Corporation (NYSE:BYD)

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