Lmcg Investments LLC Has $1.71 Million Stake in Boyd Gaming Co. (NYSE:BYD)

Lmcg Investments LLC raised its holdings in Boyd Gaming Co. (NYSE:BYD - Free Report) by 122.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,262 shares of the company's stock after acquiring an additional 15,005 shares during the period. Lmcg Investments LLC's holdings in Boyd Gaming were worth $1,707,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BYD. Fuller & Thaler Asset Management Inc. grew its stake in shares of Boyd Gaming by 885.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,657,441 shares of the company's stock valued at $100,822,000 after buying an additional 1,489,240 shares during the period. Boston Partners boosted its position in Boyd Gaming by 29.5% during the 4th quarter. Boston Partners now owns 2,756,215 shares of the company's stock worth $172,638,000 after purchasing an additional 628,512 shares during the period. HG Vora Capital Management LLC boosted its position in Boyd Gaming by 12.5% during the 3rd quarter. HG Vora Capital Management LLC now owns 2,250,000 shares of the company's stock worth $136,868,000 after purchasing an additional 250,000 shares during the period. American Century Companies Inc. boosted its position in Boyd Gaming by 40.5% during the 3rd quarter. American Century Companies Inc. now owns 824,200 shares of the company's stock worth $50,136,000 after purchasing an additional 237,525 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Boyd Gaming during the 4th quarter worth $117,720,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder William S. Boyd sold 125,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $63.77, for a total transaction of $7,971,250.00. Following the sale, the insider now owns 9,358,913 shares in the company, valued at $596,817,882.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder William S. Boyd sold 125,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $63.77, for a total transaction of $7,971,250.00. Following the sale, the insider now owns 9,358,913 shares in the company, valued at $596,817,882.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Keith Smith sold 75,000 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $63.92, for a total transaction of $4,794,000.00. Following the completion of the transaction, the chief executive officer now owns 1,119,625 shares of the company's stock, valued at approximately $71,566,430. The disclosure for this sale can be found here. Insiders have sold a total of 582,910 shares of company stock worth $37,299,461 over the last quarter. 28.40% of the stock is owned by company insiders.

Boyd Gaming Stock Performance

BYD traded up $0.43 on Tuesday, hitting $55.01. 844,405 shares of the company's stock were exchanged, compared to its average volume of 861,080. The firm has a market cap of $5.22 billion, a PE ratio of 9.88 and a beta of 1.64. Boyd Gaming Co. has a twelve month low of $52.42 and a twelve month high of $73.00. The stock has a fifty day moving average of $61.67 and a two-hundred day moving average of $61.65. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 1.61.

Boyd Gaming Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, June 14th. This represents a $0.68 annualized dividend and a yield of 1.24%. Boyd Gaming's dividend payout ratio (DPR) is 12.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial decreased their price objective on shares of Boyd Gaming from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 26th. JPMorgan Chase & Co. cut shares of Boyd Gaming from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $80.00 to $67.00 in a research report on Friday, April 26th. Argus cut shares of Boyd Gaming from a "buy" rating to a "hold" rating in a research report on Wednesday, May 1st. Barclays decreased their price objective on shares of Boyd Gaming from $70.00 to $68.00 and set an "equal weight" rating for the company in a research report on Friday, April 26th. Finally, Morgan Stanley upped their price objective on shares of Boyd Gaming from $71.00 to $72.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $72.20.

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.