154,000 Shares in Boyd Gaming Corporation $BYD Bought by Capitolis Liquid Global Markets LLC

Key Points

• Capitolis Liquid Global Markets LLC bought a new stake of 154,000 shares in Boyd Gaming (NYSE:BYD) during Q3, valued at about $13.31 million and representing roughly 0.20% of the company.
• Boyd Gaming beat quarterly estimates with $2.21 EPS (vs. $1.88) and $1.06B revenue (vs. $1.02B), and the board raised the quarterly dividend to $0.20 (annualized $0.80, ~1.0% yield).
• Insiders sold 73,454 shares totaling about $6.23 million over the past three months, with insiders now owning 27.94% of the stock.

Capitolis Liquid Global Markets LLC bought a new stake in Boyd Gaming Corporation (NYSE:BYD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 154,000 shares of the company's stock, valued at approximately $13,313,000. Capitolis Liquid Global Markets LLC owned 0.20% of Boyd Gaming as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in shares of Boyd Gaming by 11.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,478,130 shares of the company's stock worth $127,784,000 after acquiring an additional 153,462 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Boyd Gaming by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,221,283 shares of the company's stock valued at $105,580,000 after purchasing an additional 173,868 shares in the last quarter. American Century Companies Inc. grew its stake in Boyd Gaming by 11.7% during the second quarter. American Century Companies Inc. now owns 1,213,024 shares of the company's stock worth $94,895,000 after purchasing an additional 127,167 shares during the period. First Trust Advisors LP grew its stake in Boyd Gaming by 679.7% during the second quarter. First Trust Advisors LP now owns 1,122,869 shares of the company's stock worth $87,842,000 after purchasing an additional 978,853 shares during the period. Finally, Norges Bank bought a new stake in Boyd Gaming in the second quarter worth approximately $54,933,000. Institutional investors own 76.81% of the company's stock.

Boyd Gaming Stock Performance

Shares of BYD opened at $81.62 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.52 and a current ratio of 0.54. The stock has a 50 day moving average price of $84.44 and a two-hundred day moving average price of $83.67. The firm has a market capitalization of $6.16 billion, a P/E ratio of 3.59, a P/E/G ratio of 1.72 and a beta of 1.20. Boyd Gaming Corporation has a 52 week low of $58.94 and a 52 week high of $89.96.

Boyd Gaming (NYSE:BYD - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.33. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Boyd Gaming had a return on equity of 30.14% and a net margin of 45.05%.The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.96 earnings per share. Equities analysts forecast that Boyd Gaming Corporation will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.20 per share. This is a boost from Boyd Gaming's previous quarterly dividend of $0.18. The ex-dividend date is Monday, March 16th. This represents a $0.80 annualized dividend and a yield of 1.0%. Boyd Gaming's dividend payout ratio (DPR) is 3.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Susquehanna dropped their price target on Boyd Gaming from $90.00 to $89.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their price objective on shares of Boyd Gaming from $85.00 to $84.00 and set an "equal weight" rating for the company in a research report on Monday, February 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of Boyd Gaming in a research note on Monday, December 29th. Stifel Nicolaus boosted their target price on shares of Boyd Gaming from $90.00 to $95.00 and gave the company a "hold" rating in a research report on Friday, February 6th. Finally, Mizuho set a $100.00 target price on shares of Boyd Gaming in a research note on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $92.58.

Insiders Place Their Bets

In other news, insider Stephen S. Thompson sold 19,530 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $83.59, for a total value of $1,632,512.70. Following the completion of the sale, the insider owned 22,009 shares in the company, valued at $1,839,732.31. This represents a 47.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Josh Hirsberg sold 23,924 shares of the firm's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $85.86, for a total transaction of $2,054,114.64. Following the transaction, the chief financial officer directly owned 435,746 shares in the company, valued at $37,413,151.56. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,454 shares of company stock valued at $6,231,827 in the last three months. 27.94% of the stock is currently owned by insiders.

Boyd Gaming Company Profile

Boyd Gaming Corporation NYSE: BYD is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming's offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.

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 Corporation (NYSE:BYD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.