Retirement Systems of Alabama Has $18 Million Holdings in Boyd Gaming Corporation $BYD

Retirement Systems of Alabama trimmed its position in Boyd Gaming Corporation (NYSE:BYD) by 8.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 208,191 shares of the company’s stock after selling 20,126 shares during the period. Retirement Systems of Alabama’s holdings in Boyd Gaming were worth $17,998,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Boyd Gaming by 219.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company’s stock valued at $29,000 after acquiring an additional 255 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Boyd Gaming in the second quarter worth $39,000. True Wealth Design LLC grew its holdings in shares of Boyd Gaming by 162.1% during the third quarter. True Wealth Design LLC now owns 532 shares of the company’s stock valued at $46,000 after buying an additional 329 shares in the last quarter. Finally, SJS Investment Consulting Inc. purchased a new position in shares of Boyd Gaming during the third quarter valued at $48,000. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Trading Down 0.5%

NYSE:BYD opened at $83.51 on Tuesday. The company has a market capitalization of $6.52 billion, a P/E ratio of 3.65, a P/E/G ratio of 1.49 and a beta of 1.22. The stock’s 50 day moving average price is $84.56 and its 200 day moving average price is $83.74. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 0.51. Boyd Gaming Corporation has a 52 week low of $58.94 and a 52 week high of $89.96.

Boyd Gaming Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, December 15th. Boyd Gaming’s payout ratio is presently 3.15%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Boyd Gaming in a research note on Monday, December 29th. Morgan Stanley increased their price target on shares of Boyd Gaming from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday, January 16th. UBS Group set a $110.00 price target on shares of Boyd Gaming in a report on Wednesday, December 24th. Citigroup assumed coverage on shares of Boyd Gaming in a research note on Thursday, November 20th. They issued a “neutral” rating and a $86.00 price objective on the stock. Finally, Mizuho lifted their target price on shares of Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.00.

Insider Transactions at Boyd Gaming

In related news, Director William R. Boyd sold 20,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total value of $1,607,200.00. Following the completion of the sale, the director directly owned 1,960,447 shares in the company, valued at approximately $157,541,520.92. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 21.97% of the company’s stock.

About Boyd Gaming

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.