Swiss National Bank Decreases Stake in Boyd Gaming Co. (NYSE:BYD)

Swiss National Bank lessened its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,000 shares of the company’s stock after selling 2,200 shares during the period. Swiss National Bank owned approximately 0.15% of Boyd Gaming worth $8,986,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in shares of Boyd Gaming during the second quarter worth about $29,000. Covestor Ltd lifted its stake in Boyd Gaming by 54.9% during the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after acquiring an additional 208 shares during the period. Blue Trust Inc. boosted its holdings in shares of Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after acquiring an additional 288 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Boyd Gaming by 921.8% in the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after acquiring an additional 802 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Boyd Gaming by 85.3% during the third quarter. Venturi Wealth Management LLC now owns 943 shares of the company’s stock worth $61,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Activity at Boyd Gaming

In other news, Chairman Marianne Boyd Johnson sold 73,130 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 1,423,498 shares of the company’s stock, valued at approximately $85,737,284.54. The trade was a 4.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Josh Hirsberg sold 21,549 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the sale, the chief financial officer now owns 438,615 shares of the company’s stock, valued at approximately $31,330,269.45. The trade was a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,834 shares of company stock valued at $12,781,064. Corporate insiders own 27.94% of the company’s stock.

Boyd Gaming Trading Up 1.1 %

Shares of BYD opened at $72.33 on Monday. The firm’s fifty day moving average is $67.18 and its two-hundred day moving average is $60.09. The stock has a market cap of $6.39 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 9.38 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $74.78.

Analyst Ratings Changes

Several research firms have commented on BYD. Truist Financial upped their price target on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays raised their target price on Boyd Gaming from $70.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. StockNews.com upgraded Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Morgan Stanley raised their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Bank of America raised their target price on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boyd Gaming has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

Boyd Gaming Company 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.