Gateway Investment Advisers LLC Purchases New Position in Boyd Gaming Corporation $BYD

Gateway Investment Advisers LLC purchased a new stake in shares of Boyd Gaming Corporation (NYSE:BYD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 109,883 shares of the company’s stock, valued at approximately $9,499,000. Gateway Investment Advisers LLC owned approximately 0.14% of Boyd Gaming at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BYD. Parallel Advisors LLC grew its holdings in shares of Boyd Gaming by 24.5% in the second quarter. Parallel Advisors LLC now owns 685 shares of the company’s stock valued at $54,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC raised its stake in Boyd Gaming by 24.2% during the second quarter. GAMMA Investing LLC now owns 960 shares of the company’s stock valued at $75,000 after purchasing an additional 187 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Boyd Gaming by 56.8% during the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Boyd Gaming by 61.0% in the 3rd quarter. Blue Trust Inc. now owns 657 shares of the company’s stock worth $57,000 after buying an additional 249 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Boyd Gaming by 219.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371 shares of the company’s stock worth $29,000 after buying an additional 255 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup started coverage on shares of Boyd Gaming in a research report on Thursday, November 20th. They set a “neutral” rating and a $86.00 target price on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Boyd Gaming in a research note on Wednesday, December 24th. Morgan Stanley raised their price objective on Boyd Gaming from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. UBS Group set a $110.00 target price on Boyd Gaming in a report on Wednesday, December 24th. Finally, Wells Fargo & Company started coverage on Boyd Gaming in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $85.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Boyd Gaming has a consensus rating of “Hold” and a consensus price target of $91.00.

Boyd Gaming Stock Up 1.0%

Shares of NYSE:BYD opened at $86.10 on Friday. The firm has a market capitalization of $6.73 billion, a PE ratio of 3.76, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. The business has a 50 day simple moving average of $82.19 and a two-hundred day simple moving average of $82.89. Boyd Gaming Corporation has a 1 year low of $58.94 and a 1 year high of $88.49. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.49.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $1.35 earnings per share for the quarter. Boyd Gaming had a return on equity of 34.63% and a net margin of 46.02%.The firm had revenue of $707.32 million for the quarter. On average, equities analysts predict that Boyd Gaming Corporation will post 6.52 EPS for the current year.

Boyd Gaming Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, December 15th. Boyd Gaming’s dividend payout ratio (DPR) is 3.15%.

Insider Buying and Selling at Boyd Gaming

In other news, Director William R. Boyd sold 20,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $80.36, for a total transaction of $1,607,200.00. Following the completion of the sale, the director directly owned 1,960,447 shares of the company’s stock, valued at approximately $157,541,520.92. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 27.94% of the company’s stock.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.