Boyd Gaming Corporation (BYD) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP decreased its position in Boyd Gaming Corporation (NYSE:BYD) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,078,445 shares of the company’s stock after selling 8,755 shares during the quarter. Westfield Capital Management Co. LP owned about 0.96% of Boyd Gaming worth $28,093,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BYD. Dimensional Fund Advisors LP lifted its holdings in shares of Boyd Gaming by 34.5% in the first quarter. Dimensional Fund Advisors LP now owns 522,507 shares of the company’s stock valued at $11,500,000 after buying an additional 133,947 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Boyd Gaming by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 26,520 shares of the company’s stock valued at $658,000 after buying an additional 550 shares during the period. Aperio Group LLC raised its position in shares of Boyd Gaming by 4.7% during the second quarter. Aperio Group LLC now owns 31,737 shares of the company’s stock worth $787,000 after purchasing an additional 1,426 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Boyd Gaming during the second quarter worth $340,000. Finally, Great West Life Assurance Co. Can raised its position in shares of Boyd Gaming by 40.4% during the second quarter. Great West Life Assurance Co. Can now owns 160,128 shares of the company’s stock worth $3,970,000 after purchasing an additional 46,064 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Boyd Gaming Corporation (NYSE BYD) opened at $32.04 on Tuesday. The firm has a market capitalization of $3,604.76, a price-to-earnings ratio of 27.16 and a beta of 1.81. Boyd Gaming Corporation has a 52-week low of $18.97 and a 52-week high of $33.02. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 2.95.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $587.70 million for the quarter, compared to analyst estimates of $592.29 million. Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. equities analysts predict that Boyd Gaming Corporation will post 1.05 EPS for the current fiscal year.

In other Boyd Gaming news, Director Robert L. Boughner sold 40,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.70, for a total value of $1,068,000.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,068,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP William R. Boyd sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.71, for a total value of $186,970.00. Following the completion of the transaction, the vice president now directly owns 1,251 shares in the company, valued at $33,414.21. The disclosure for this sale can be found here. 29.16% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on BYD shares. SunTrust Banks reaffirmed a “buy” rating and set a $27.00 target price on shares of Boyd Gaming in a research report on Tuesday, October 24th. ValuEngine raised Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. BidaskClub raised Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Boyd Gaming from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus boosted their target price on Boyd Gaming from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Boyd Gaming currently has an average rating of “Buy” and an average target price of $27.47.

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About Boyd Gaming

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.

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

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