GSA Capital Partners LLP purchased a new position in shares of Boyd Gaming Co. (NYSE:BYD) during the second quarter, HoldingsChannel.com reports. The fund purchased 25,299 shares of the company’s stock, valued at approximately $682,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc purchased a new position in shares of Boyd Gaming during the 2nd quarter worth approximately $67,000. Strs Ohio raised its holdings in shares of Boyd Gaming by 400.0% in the 1st quarter. Strs Ohio now owns 3,000 shares of the company’s stock valued at $82,000 after purchasing an additional 2,400 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Boyd Gaming by 27.8% in the 2nd quarter. Advisor Group Inc. now owns 4,532 shares of the company’s stock valued at $122,000 after purchasing an additional 986 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Boyd Gaming by 21.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,776 shares of the company’s stock valued at $185,000 after purchasing an additional 1,217 shares in the last quarter. Finally, Biegel & Waller LLC acquired a new stake in shares of Boyd Gaming in the 1st quarter valued at $205,000. 67.02% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on BYD shares. ValuEngine lowered shares of Boyd Gaming from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Stifel Nicolaus set a $36.00 target price on shares of Boyd Gaming and gave the company a “buy” rating in a report on Wednesday, July 31st. Wolfe Research started coverage on shares of Boyd Gaming in a report on Friday, June 14th. They issued an “outperform” rating and a $37.00 target price on the stock. Desjardins raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $40.00 target price on shares of Boyd Gaming in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Boyd Gaming currently has a consensus rating of “Buy” and a consensus target price of $34.22.
Shares of NYSE:BYD opened at $24.11 on Friday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 0.94 and a beta of 2.11. The firm’s 50-day simple moving average is $24.95 and its 200-day simple moving average is $27.05. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 3.90. Boyd Gaming Co. has a fifty-two week low of $18.98 and a fifty-two week high of $36.85.
Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $846.13 million for the quarter, compared to analysts’ expectations of $839.64 million. Boyd Gaming had a return on equity of 14.13% and a net margin of 4.18%. The firm’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, research analysts forecast that Boyd Gaming Co. will post 1.74 EPS for the current year.
About Boyd Gaming
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
See Also: Limitations to arbitrage trading
Want to see what other hedge funds are holding BYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boyd Gaming Co. (NYSE:BYD).
Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.