Ameriprise Financial Inc. Raises Holdings in Boyd Gaming Co. (NYSE:BYD)

Ameriprise Financial Inc. boosted its position in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 193,768 shares of the company's stock after acquiring an additional 31,130 shares during the quarter. Ameriprise Financial Inc. owned about 0.22% of Boyd Gaming worth $14,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of 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 purchasing an additional 175 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Boyd Gaming in the fourth quarter valued at approximately $67,000. Investment Counsel Co. of Nevada purchased a new stake in Boyd Gaming in the 4th quarter worth approximately $73,000. Allworth Financial LP boosted its position in Boyd Gaming by 2,735.1% in the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock worth $79,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Boyd Gaming during the 4th quarter worth approximately $109,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Price Performance

NYSE BYD traded down $0.99 during mid-day trading on Wednesday, hitting $73.06. The stock had a trading volume of 907,067 shares, compared to its average volume of 947,001. The firm's 50 day moving average is $68.09 and its 200 day moving average is $71.84. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $80.50.

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

Boyd Gaming Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Monday, June 16th. Boyd Gaming's dividend payout ratio (DPR) is 11.75%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BYD. Morgan Stanley cut their price objective on shares of Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Mizuho cut their price target on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Susquehanna increased their price target on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Boyd Gaming in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.69.

Insiders Place Their Bets

In related news, Director Christine J. Spadafor sold 1,125 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $75.28, for a total value of $84,690.00. Following the completion of the sale, the director now owns 4,852 shares of the company's stock, valued at approximately $365,258.56. This represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 27.94% of the company's stock.

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.