SG Americas Securities LLC trimmed its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 26.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 37,715 shares of the company’s stock after selling 13,896 shares during the quarter. SG Americas Securities LLC’s holdings in Boyd Gaming were worth $1,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortaleza Asset Management Inc. raised its stake in shares of Boyd Gaming by 80.7% during the third quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock worth $147,000 after buying an additional 2,515 shares during the last quarter. Strs Ohio raised its stake in shares of Boyd Gaming by 177.8% during the fourth quarter. Strs Ohio now owns 5,000 shares of the company’s stock worth $175,000 after buying an additional 3,200 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Boyd Gaming during the second quarter worth approximately $203,000. Creative Planning bought a new stake in shares of Boyd Gaming during the fourth quarter worth approximately $206,000. Finally, Regentatlantic Capital LLC bought a new stake in shares of Boyd Gaming during the third quarter worth approximately $216,000. 75.48% of the stock is owned by institutional investors and hedge funds.

Shares of Boyd Gaming Co. (NYSE:BYD) opened at $35.50 on Monday. Boyd Gaming Co. has a 12 month low of $19.39 and a 12 month high of $40.44. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 2.95. The company has a market cap of $3,992.79, a P/E ratio of 30.08 and a beta of 1.87.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Thursday, December 28th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date was Wednesday, December 27th. Boyd Gaming’s payout ratio is presently 19.23%.

A number of research firms recently weighed in on BYD. Jefferies Group began coverage on shares of Boyd Gaming in a research note on Thursday, January 18th. They set a “hold” rating for the company. Deutsche Bank boosted their price target on shares of Boyd Gaming to $47.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Thursday. Argus initiated coverage on shares of Boyd Gaming in a research note on Wednesday, January 17th. They set a “buy” rating and a $44.00 price target for the company. Finally, Bank of America raised shares of Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Friday, January 5th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $32.93.

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About Boyd Gaming

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.

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

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