Natixis Advisors LLC Sells 28,534 Shares of Boyd Gaming Co. (NYSE:BYD)

Natixis Advisors LLC trimmed its position in Boyd Gaming Co. (NYSE:BYD) by 71.7% in the third quarter, HoldingsChannel reports. The firm owned 11,280 shares of the company’s stock after selling 28,534 shares during the quarter. Natixis Advisors LLC’s holdings in Boyd Gaming were worth $729,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Boyd Gaming in the 2nd quarter worth about $29,000. Covestor Ltd grew its position in Boyd Gaming by 54.9% in the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after purchasing an additional 208 shares in the last quarter. Blue Trust Inc. grew its position in Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after purchasing an additional 288 shares in the last quarter. Farther Finance Advisors LLC grew its position in Boyd Gaming by 921.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after purchasing an additional 802 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Boyd Gaming by 85.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 943 shares of the company’s stock worth $61,000 after purchasing an additional 434 shares in the last quarter. 76.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Boyd Gaming news, Director William R. Boyd sold 25,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total value of $1,744,499.25. Following the sale, the director now directly owns 1,487,970 shares in the company, valued at $103,190,719.50. This represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Keith Smith sold 30,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $72.15, for a total transaction of $2,164,500.00. Following the completion of the sale, the chief executive officer now owns 1,101,202 shares in the company, valued at $79,451,724.30. This represents a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,704 shares of company stock worth $10,540,944 in the last three months. 28.40% of the stock is currently owned by corporate insiders.

Boyd Gaming Stock Performance

Shares of BYD stock opened at $73.10 on Thursday. The stock has a market capitalization of $6.46 billion, a P/E ratio of 13.99, a PEG ratio of 9.58 and a beta of 1.55. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The firm’s 50 day moving average is $67.62 and its 200 day moving average is $60.36. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $74.78.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Mizuho reissued an “outperform” rating and set a $79.00 target price (up from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Bank of America increased their target price on shares of Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Truist Financial increased their target price on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Seven investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.38.

Boyd Gaming Profile

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.