Strs Ohio grew its position in shares of Boyd Gaming Co. (NYSE:BYD) by 177.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the company’s stock after buying an additional 3,200 shares during the quarter. Strs Ohio’s holdings in Boyd Gaming were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of BYD. Louisiana State Employees Retirement System grew its stake in shares of Boyd Gaming by 5.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $1,237,000 after purchasing an additional 1,900 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Boyd Gaming by 3.7% during the third quarter. California Public Employees Retirement System now owns 66,690 shares of the company’s stock valued at $1,737,000 after purchasing an additional 2,390 shares during the last quarter. Fortaleza Asset Management Inc. grew 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 valued at $147,000 after purchasing an additional 2,515 shares during the last quarter. American International Group Inc. grew its stake in shares of Boyd Gaming by 5.7% during the third quarter. American International Group Inc. now owns 65,725 shares of the company’s stock valued at $1,712,000 after purchasing an additional 3,542 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Boyd Gaming by 2.3% during the third quarter. Rhumbline Advisers now owns 168,714 shares of the company’s stock valued at $4,395,000 after purchasing an additional 3,740 shares during the last quarter. 75.48% of the stock is currently owned by hedge funds and other institutional investors.

Boyd Gaming Co. (NYSE BYD) opened at $35.91 on Wednesday. Boyd Gaming Co. has a twelve month low of $19.39 and a twelve month high of $40.44. The firm has a market cap of $3,962.42, a P/E ratio of 29.86 and a beta of 1.87. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were issued a $0.05 dividend. The ex-dividend date was Wednesday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.56%. Boyd Gaming’s dividend payout ratio is currently 19.23%.

Several analysts have recently commented on the stock. Jefferies Group assumed coverage on shares of Boyd Gaming in a research note on Thursday, January 18th. They set a “hold” rating on the stock. Deutsche Bank increased their price objective on shares of Boyd Gaming to $47.00 and gave the company a “buy” rating in a report on Monday, February 5th. Zacks Investment Research lowered shares of Boyd Gaming from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Argus started coverage on shares of Boyd Gaming in a report on Wednesday, January 17th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, Bank of America upgraded shares of Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Friday, January 5th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Boyd Gaming currently has an average rating of “Buy” and a consensus target price of $32.93.

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Boyd Gaming 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 (NYSE:BYD)

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