Centiva Capital LP Sells 22,452 Shares of Boyd Gaming Co. (NYSE:BYD)

Centiva Capital LP decreased its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 81.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,236 shares of the company's stock after selling 22,452 shares during the period. Centiva Capital LP's holdings in Boyd Gaming were worth $380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. UMB Bank n.a. raised its stake in Boyd Gaming by 80.3% during the fourth quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after acquiring an additional 175 shares during the period. GAMMA Investing LLC boosted its position in Boyd Gaming by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. Golden State Wealth Management LLC bought a new position in Boyd Gaming during the 4th quarter worth $67,000. Investment Counsel Co. of Nevada acquired a new stake in Boyd Gaming in the fourth quarter worth $73,000. Finally, Allworth Financial LP boosted its holdings in shares of Boyd Gaming by 2,735.1% during the fourth quarter. Allworth Financial LP now owns 1,049 shares of the company's stock valued at $79,000 after acquiring an additional 1,012 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on BYD shares. Mizuho cut their price objective on shares of Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Susquehanna increased their price objective on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a report on Friday, April 25th. Stifel Nicolaus reduced their price target on Boyd Gaming from $82.00 to $71.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Morgan Stanley lowered their price target on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, StockNews.com downgraded shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $95.07.

Boyd Gaming Trading Down 0.8%

NYSE BYD traded down $0.63 on Thursday, hitting $75.45. 491,058 shares of the stock were exchanged, compared to its average volume of 949,560. The company's 50-day moving average price is $67.41 and its two-hundred day moving average price is $71.70. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm had revenue of $991.57 million during the quarter, compared to the consensus estimate of $976.38 million. During the same period in the prior year, the business earned $1.51 EPS. The business's revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts predict that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, June 16th. Boyd Gaming's payout ratio is presently 11.75%.

Insider Buying and Selling at Boyd Gaming

In other news, Director Christine J. Spadafor sold 1,125 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the completion of the sale, the director now directly owns 4,852 shares of the company's stock, valued at $365,258.56. This trade represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Boyd sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the completion of the sale, the director now directly owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Company insiders own 27.94% of the company's stock.

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.