HL Financial Services LLC acquired a new position in Boyd Gaming Corporation (NYSE:BYD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 141,645 shares of the company’s stock, valued at approximately $3,514,000. HL Financial Services LLC owned about 0.13% of Boyd Gaming Corporation as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Boyd Gaming Corporation by 909.7% in the first quarter. American Century Companies Inc. now owns 347,918 shares of the company’s stock worth $7,658,000 after buying an additional 313,462 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Boyd Gaming Corporation by 46.7% in the first quarter. First Trust Advisors LP now owns 32,149 shares of the company’s stock worth $708,000 after buying an additional 10,235 shares in the last quarter. Capital One National Association boosted its position in shares of Boyd Gaming Corporation by 1.0% in the first quarter. Capital One National Association now owns 18,194 shares of the company’s stock worth $400,000 after buying an additional 178 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Boyd Gaming Corporation by 2.6% in the first quarter. Wedge Capital Management L L P NC now owns 15,558 shares of the company’s stock worth $342,000 after buying an additional 397 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Boyd Gaming Corporation by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 114,064 shares of the company’s stock worth $2,509,000 after buying an additional 7,901 shares in the last quarter. Institutional investors own 71.00% of the company’s stock.

Boyd Gaming Corporation (NYSE BYD) opened at 26.30 on Wednesday. Boyd Gaming Corporation has a 1-year low of $16.77 and a 1-year high of $26.72. The firm has a market cap of $2.98 billion, a PE ratio of 6.95 and a beta of 1.93. The company has a 50 day moving average price of $25.35 and a 200 day moving average price of $22.92.

Boyd Gaming Corporation (NYSE:BYD) last released its earnings results on Thursday, July 27th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The company had revenue of $599.87 million during the quarter, compared to the consensus estimate of $602.39 million. During the same quarter in the previous year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Boyd Gaming Corporation will post $1.10 earnings per share for the current year.

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A number of brokerages have commented on BYD. BidaskClub upgraded Boyd Gaming Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Telsey Advisory Group boosted their price objective on Boyd Gaming Corporation from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Morgan Stanley cut Boyd Gaming Corporation from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock. in a research note on Tuesday, June 20th. They noted that the move was a valuation call. Wells Fargo & Company restated a “market perform” rating and set a $25.00 price objective (up previously from $22.00) on shares of Boyd Gaming Corporation in a research note on Monday, June 19th. Finally, Zacks Investment Research upgraded Boyd Gaming Corporation from a “sell” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Friday, July 14th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $26.87.

In related news, Director John Robert Bailey bought 10,000 shares of Boyd Gaming Corporation stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $25.33 per share, for a total transaction of $253,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William S. Boyd sold 76,531 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.18, for a total transaction of $1,927,050.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,816 shares of company stock valued at $4,407,340. 29.16% of the stock is owned by corporate insiders.

Boyd Gaming Corporation Company Profile

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

Institutional Ownership by Quarter for Boyd Gaming Corporation (NYSE:BYD)

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