AlphaMark Advisors LLC Increases Holdings in Boyd Gaming Co. (NYSE:BYD)

AlphaMark Advisors LLC boosted its position in Boyd Gaming Co. (NYSE:BYD) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,979 shares of the company’s stock after buying an additional 450 shares during the period. AlphaMark Advisors LLC’s holdings in Boyd Gaming were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in shares of Boyd Gaming by 80.3% in the 4th quarter. UMB Bank n.a. now owns 393 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Boyd Gaming by 47.4% in the fourth quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. Covestor Ltd grew its position in Boyd Gaming by 54.9% during the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after purchasing an additional 208 shares during the period. Quarry LP raised its stake in shares of Boyd Gaming by 150.1% during the 3rd quarter. Quarry LP now owns 873 shares of the company’s stock valued at $56,000 after buying an additional 524 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Boyd Gaming by 921.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock valued at $57,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Activity

In related news, Director William R. Boyd sold 25,155 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the completion of the sale, the director now owns 1,487,970 shares of the company’s stock, valued at approximately $103,190,719.50. This represents a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine J. Spadafor sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $75.68, for a total transaction of $49,948.80. Following the completion of the transaction, the director now directly owns 5,977 shares in the company, valued at $452,339.36. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,364 shares of company stock worth $10,590,893 over the last three months. Insiders own 27.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BYD shares. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. JMP Securities reaffirmed a “market perform” rating on shares of Boyd Gaming in a report on Thursday, January 16th. Morgan Stanley increased their price target on shares of Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Boyd Gaming from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Friday. Finally, Argus raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.80.

Boyd Gaming Stock Down 0.1 %

Shares of BYD opened at $75.34 on Friday. The stock has a 50 day moving average price of $73.21 and a 200 day moving average price of $66.23. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $76.73. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 4.21 and a beta of 1.54.

Boyd Gaming announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Boyd Gaming Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, December 16th. Boyd Gaming’s payout ratio is 12.98%.

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.