Victory Capital Management Inc. Sells 68,617 Shares of Boyd Gaming Co. (NYSE:BYD)

Victory Capital Management Inc. lessened its holdings in Boyd Gaming Co. (NYSE:BYD) by 86.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,942 shares of the company’s stock after selling 68,617 shares during the period. Victory Capital Management Inc.’s holdings in Boyd Gaming were worth $692,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Millennium Management LLC raised its position in Boyd Gaming by 4,648.4% in the second quarter. Millennium Management LLC now owns 1,209,461 shares of the company’s stock worth $74,370,000 after purchasing an additional 1,183,990 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Boyd Gaming during the second quarter worth approximately $1,326,000. Advisory Services Network LLC acquired a new stake in shares of Boyd Gaming during the second quarter worth approximately $116,000. Neuberger Berman Group LLC increased its holdings in shares of Boyd Gaming by 14.6% during the second quarter. Neuberger Berman Group LLC now owns 105,869 shares of the company’s stock worth $6,495,000 after buying an additional 13,457 shares in the last quarter. Finally, Polaris Wealth Advisory Group LLC acquired a new stake in shares of Boyd Gaming during the third quarter worth approximately $8,665,000. 66.73% of the stock is owned by hedge funds and other institutional investors.

In other news, VP William R. Boyd sold 15,000 shares of Boyd Gaming stock in a transaction on Wednesday, November 3rd. The shares were sold at an average price of $67.54, for a total transaction of $1,013,100.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 27.94% of the company’s stock.

Shares of NYSE BYD opened at $60.69 on Friday. The company’s fifty day moving average is $62.15 and its 200-day moving average is $61.51. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 0.29 and a beta of 2.06. Boyd Gaming Co. has a twelve month low of $44.42 and a twelve month high of $71.00. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 2.18.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Monday, October 25th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The company had revenue of $843.06 million for the quarter, compared to analysts’ expectations of $839.74 million. Boyd Gaming had a net margin of 13.99% and a return on equity of 36.91%. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, research analysts anticipate that Boyd Gaming Co. will post 5.02 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Boyd Gaming from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 20th. Stifel Nicolaus raised their price target on shares of Boyd Gaming from $88.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boyd Gaming from $81.00 to $78.00 and set a “buy” rating for the company in a report on Monday, November 29th. Wells Fargo & Company reissued an “overweight” rating and issued a $92.00 price target on shares of Boyd Gaming in a report on Thursday, October 21st. Finally, Raymond James raised shares of Boyd Gaming to a “strong-buy” rating in a report on Thursday, December 9th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Gaming currently has a consensus rating of “Buy” and a consensus target price of $83.63.

Boyd Gaming Profile

Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas and Midwest & South. The Las Vegas Locals segment consists of casinos that serve the resident population of the Las Vegas metropolitan area.

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

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