WBI Investments LLC Has $2.78 Million Position in Boyd Gaming Co. (NYSE:BYD)

WBI Investments LLC grew its stake in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 440.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,257 shares of the company's stock after acquiring an additional 31,182 shares during the period. WBI Investments LLC's holdings in Boyd Gaming were worth $2,775,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cohen & Steers Inc. grew its holdings in Boyd Gaming by 0.4% during the 4th quarter. Cohen & Steers Inc. now owns 5,265,454 shares of the company's stock worth $381,929,000 after acquiring an additional 21,616 shares in the last quarter. Boston Partners grew its holdings in Boyd Gaming by 36.9% during the 4th quarter. Boston Partners now owns 3,955,544 shares of the company's stock worth $287,185,000 after acquiring an additional 1,065,887 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Boyd Gaming by 51.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,296,863 shares of the company's stock valued at $94,074,000 after buying an additional 441,963 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Boyd Gaming by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,973 shares of the company's stock valued at $70,725,000 after buying an additional 3,052 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Boyd Gaming by 37.2% during the 4th quarter. Franklin Resources Inc. now owns 964,051 shares of the company's stock valued at $69,932,000 after buying an additional 261,443 shares during the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Christine J. Spadafor sold 1,125 shares of the stock in a transaction on 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 owns 4,852 shares in the company, valued at approximately $365,258.56. This represents a 18.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.94% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BYD has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Barclays lowered their price objective on shares of Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Susquehanna boosted their price objective on shares of Boyd Gaming from $75.00 to $76.00 and gave the company a "positive" rating in a research report on Friday, April 25th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Boyd Gaming in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $79.67.

Boyd Gaming Price Performance

Shares of NYSE:BYD traded down $0.25 during trading on Friday, reaching $73.08. The company had a trading volume of 948,361 shares, compared to its average volume of 943,208. The firm's fifty day moving average is $68.37 and its 200 day moving average is $71.92. The firm has a market capitalization of $5.95 billion, a PE ratio of 11.75, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The firm had revenue of $991.57 million during 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 in the prior year, the firm posted $1.51 earnings per share. On average, equities analysts forecast that Boyd Gaming Co. will post 6.52 EPS for the current year.

Boyd Gaming Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.99%. 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.