Boyd Gaming Co. (NYSE:BYD) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lowered its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,806 shares of the company's stock after selling 36,983 shares during the period. Nomura Holdings Inc.'s holdings in Boyd Gaming were worth $3,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in Boyd Gaming by 1.0% during the fourth quarter. Rhumbline Advisers now owns 185,714 shares of the company's stock worth $13,472,000 after acquiring an additional 1,797 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Boyd Gaming during the fourth quarter worth about $43,273,000. Allspring Global Investments Holdings LLC raised its position in Boyd Gaming by 226.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 202,824 shares of the company's stock worth $14,569,000 after acquiring an additional 140,707 shares during the last quarter. Truist Financial Corp raised its position in Boyd Gaming by 20.7% during the fourth quarter. Truist Financial Corp now owns 4,458 shares of the company's stock worth $323,000 after acquiring an additional 765 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in Boyd Gaming during the fourth quarter worth about $307,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Insider Buying and Selling at Boyd Gaming

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

Boyd Gaming Trading Down 1.6%

Shares of NYSE:BYD traded down $1.21 during trading on Monday, reaching $74.70. 847,316 shares of the stock were exchanged, compared to its average volume of 948,134. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. 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 Co. has a 12-month low of $49.34 and a 12-month high of $80.50. The firm's 50-day moving average price is $67.78 and its 200 day moving average price is $71.79.

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, beating analysts' consensus estimates of $1.52 by $0.10. The firm had revenue of $991.57 million for 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%. Boyd Gaming's revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. On average, sell-side analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a dividend of $0.18 per share. 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 0.96%. Boyd Gaming's dividend payout ratio (DPR) is 11.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Morgan Stanley reduced their price target on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Mizuho lowered their price objective 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. JPMorgan Chase & Co. increased their target price on Boyd Gaming from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Finally, StockNews.com cut Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Boyd Gaming presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.69.

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.