New York State Teachers Retirement System Sells 7,500 Shares of Boyd Gaming Co. (NYSE:BYD)

New York State Teachers Retirement System trimmed its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,474 shares of the company’s stock after selling 7,500 shares during the quarter. New York State Teachers Retirement System’s holdings in Boyd Gaming were worth $5,914,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ariel Investments LLC increased its position in shares of Boyd Gaming by 12.5% during the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after buying an additional 335,984 shares during the period. Boston Partners increased its holdings in Boyd Gaming by 10.0% during the 1st quarter. Boston Partners now owns 3,031,091 shares of the company’s stock worth $203,276,000 after acquiring an additional 274,876 shares during the period. Bamco Inc. NY lifted its stake in Boyd Gaming by 4.0% in the 1st quarter. Bamco Inc. NY now owns 1,899,344 shares of the company’s stock worth $127,864,000 after purchasing an additional 73,491 shares in the last quarter. American Century Companies Inc. boosted its holdings in Boyd Gaming by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock valued at $63,349,000 after purchasing an additional 189,226 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Boyd Gaming by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,002,438 shares of the company’s stock valued at $67,485,000 after purchasing an additional 3,087 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Up 0.9 %

BYD opened at $68.92 on Wednesday. The company has a market cap of $6.32 billion, a P/E ratio of 13.15, a P/E/G ratio of 8.96 and a beta of 1.55. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $72.22. The business’s 50-day moving average price is $63.72 and its 200-day moving average price is $58.60. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 0.99%. Boyd Gaming’s payout ratio is currently 12.98%.

Insider Activity

In related news, Chairman Marianne Boyd Johnson sold 73,130 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the completion of the sale, the chairman now directly owns 1,423,498 shares in the company, valued at $85,737,284.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the transaction, the director now directly owns 1,487,970 shares of the company’s stock, valued at approximately $103,190,719.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total value of $4,404,619.90. Following the completion of the sale, the chairman now directly owns 1,423,498 shares of the company’s stock, valued at $85,737,284.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,527 shares of company stock valued at $6,224,086. 28.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BYD shares. Wells Fargo & Company lifted their price objective on Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price target on Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley lifted their target price on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Macquarie decreased their price target on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boyd Gaming has an average rating of “Moderate Buy” and an average price target of $91.38.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.