Quantinno Capital Management LP Grows Stake in Boyd Gaming Co. (NYSE:BYD)

Quantinno Capital Management LP boosted its position in Boyd Gaming Co. (NYSE:BYD - Free Report) by 48.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,023 shares of the company's stock after buying an additional 51,372 shares during the quarter. Quantinno Capital Management LP owned approximately 0.18% of Boyd Gaming worth $11,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BYD. GAMMA Investing LLC boosted its position in shares of Boyd Gaming by 47.4% during the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $33,000 after buying an additional 148 shares during the period. UMB Bank n.a. increased its holdings in shares of Boyd Gaming by 80.3% in the fourth quarter. UMB Bank n.a. now owns 393 shares of the company's stock valued at $29,000 after buying an additional 175 shares in the last quarter. Cetera Trust Company N.A raised its stake in Boyd Gaming by 6.2% during the 4th quarter. Cetera Trust Company N.A now owns 3,535 shares of the company's stock valued at $256,000 after purchasing an additional 205 shares during the period. CoreCap Advisors LLC raised its stake in Boyd Gaming by 91.0% during the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after purchasing an additional 273 shares during the period. Finally, US Bancorp DE raised its stake in Boyd Gaming by 13.6% during the 4th quarter. US Bancorp DE now owns 2,943 shares of the company's stock valued at $213,000 after purchasing an additional 353 shares during the period. 76.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

BYD has been the topic of several recent analyst reports. Stifel Nicolaus cut their target price on shares of Boyd Gaming from $82.00 to $71.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company upped their target price on Boyd Gaming from $82.00 to $88.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Macquarie reissued a "neutral" rating and issued a $74.00 price target on shares of Boyd Gaming in a research note on Friday, April 25th. Susquehanna boosted their target price on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Boyd Gaming has an average rating of "Moderate Buy" and an average target price of $95.07.

Boyd Gaming Price Performance

Shares of BYD stock opened at $75.92 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 4.46 and a beta of 1.32. The firm's 50 day moving average is $67.41 and its 200-day moving average is $71.70. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $80.50.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. The company 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 business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 earnings per share. Sell-side analysts forecast that Boyd Gaming Co. will post 6.52 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Monday, June 16th. Boyd Gaming's dividend payout ratio is presently 11.75%.

Insider Transactions at Boyd Gaming

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

Boyd Gaming Company 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.

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