Public Employees Retirement System of Ohio Decreases Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

Public Employees Retirement System of Ohio decreased its position in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 12.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,729 shares of the company's stock after selling 3,493 shares during the period. Public Employees Retirement System of Ohio's holdings in Boyd Gaming were worth $1,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PharVision Advisers LLC purchased a new stake in Boyd Gaming during the 4th quarter valued at $522,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Boyd Gaming by 25.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,571 shares of the company's stock worth $11,575,000 after purchasing an additional 32,020 shares during the period. WBI Investments LLC raised its holdings in Boyd Gaming by 440.7% in the 4th quarter. WBI Investments LLC now owns 38,257 shares of the company's stock worth $2,775,000 after purchasing an additional 31,182 shares during the period. State of Wyoming raised its holdings in Boyd Gaming by 253.1% in the 4th quarter. State of Wyoming now owns 5,597 shares of the company's stock worth $406,000 after purchasing an additional 4,012 shares during the period. Finally, Seven Six Capital Management LLC bought a new stake in Boyd Gaming during the fourth quarter valued at about $9,162,000. Hedge funds and other institutional investors own 76.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BYD. Mizuho dropped their price target on Boyd Gaming from $86.00 to $83.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen lowered Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Truist Financial lowered their price target on Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Susquehanna upped their target price on Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a report on Friday, April 25th. Finally, JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a report on Friday, February 7th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Boyd Gaming currently has an average rating of "Moderate Buy" and a consensus price target of $80.08.

Boyd Gaming Stock Performance

Shares of NYSE BYD traded down $0.49 during mid-day trading on Thursday, hitting $73.21. The stock had a trading volume of 932,990 shares, compared to its average volume of 932,336. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The company has a 50 day moving average of $69.55 and a two-hundred day moving average of $72.01. Boyd Gaming Co. has a twelve month low of $51.62 and a twelve month high of $80.50. The firm has a market cap of $5.96 billion, a PE ratio of 11.77, a PEG ratio of 4.46 and a beta of 1.32.

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

Boyd Gaming Announces Dividend

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 0.98%. The ex-dividend date of this dividend is Monday, June 16th. Boyd Gaming's dividend payout ratio (DPR) is 11.75%.

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.