Boyd Gaming Co. (NYSE:BYD) Stock Holdings Cut by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its position in Boyd Gaming Co. (NYSE:BYD) by 4.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,996 shares of the company’s stock after selling 781 shares during the period. Hantz Financial Services Inc.’s holdings in Boyd Gaming were worth $1,034,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Boyd Gaming in the second quarter worth approximately $29,000. Covestor Ltd boosted its stake in shares of Boyd Gaming by 54.9% during the 3rd quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after acquiring an additional 208 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Boyd Gaming by 58.2% in the 2nd quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after acquiring an additional 288 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Boyd Gaming by 921.8% during the third quarter. Farther Finance Advisors LLC now owns 889 shares of the company’s stock worth $57,000 after purchasing an additional 802 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Boyd Gaming by 85.3% during the third quarter. Venturi Wealth Management LLC now owns 943 shares of the company’s stock valued at $61,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming Stock Up 1.0 %

Shares of Boyd Gaming stock opened at $73.85 on Monday. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 9.69 and a beta of 1.55. The stock has a 50-day simple moving average of $68.20 and a 200-day simple moving average of $60.71. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $74.78. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Wall Street Analyst Weigh In

Several analysts have issued reports on BYD shares. Morgan Stanley boosted their price objective on 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. upped their price target on shares of Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Bank of America boosted their target price on shares of Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Mizuho reaffirmed an “outperform” rating and issued a $79.00 target price (up previously from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Insider Activity at Boyd Gaming

In other Boyd Gaming news, CEO Keith Smith sold 40,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.49, for a total transaction of $2,939,600.00. Following the transaction, the chief executive officer now directly owns 1,161,202 shares of the company’s stock, valued at $85,336,734.98. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Josh Hirsberg sold 21,549 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the transaction, the chief financial officer now directly owns 438,615 shares in the company, valued at $31,330,269.45. The trade was a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,704 shares of company stock valued at $10,540,944. 27.94% of the stock is currently owned by corporate insiders.

Boyd Gaming 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.