Creative Planning Has $147,000 Stake in Boyd Gaming Corporation (BYD)
Creative Planning maintained its position in Boyd Gaming Corporation (NYSE:BYD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,920 shares of the company’s stock at the end of the second quarter. Creative Planning’s holdings in Boyd Gaming Corporation were worth $147,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in BYD. Ameritas Investment Partners Inc. bought a new position in Boyd Gaming Corporation during the first quarter valued at approximately $157,000. Oppenheimer Asset Management Inc. bought a new position in Boyd Gaming Corporation during the first quarter valued at approximately $161,000. Victory Capital Management Inc. bought a new position in Boyd Gaming Corporation during the first quarter valued at approximately $175,000. State of Alaska Department of Revenue increased its position in Boyd Gaming Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 9,110 shares of the company’s stock valued at $200,000 after buying an additional 240 shares during the period. Finally, Teza Capital Management LLC bought a new position in Boyd Gaming Corporation during the first quarter valued at approximately $226,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.
Boyd Gaming Corporation (NYSE BYD) traded down 1.02% on Friday, reaching $26.20. 959,349 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $25.53 and a 200 day moving average price of $23.17. Boyd Gaming Corporation has a one year low of $16.77 and a one year high of $26.87. The firm has a market cap of $2.96 billion, a PE ratio of 6.92 and a beta of 1.93.
Boyd Gaming Corporation (NYSE:BYD) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $599.87 million during the quarter, compared to analysts’ expectations of $602.39 million. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. On average, equities analysts anticipate that Boyd Gaming Corporation will post $1.10 earnings per share for the current year.
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Several equities analysts have recently commented on the stock. Instinet boosted their target price on shares of Boyd Gaming Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. BidaskClub raised shares of Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Bank of America Corporation reissued a “neutral” rating and issued a $27.00 target price (up previously from $25.00) on shares of Boyd Gaming Corporation in a report on Monday, June 5th. Zacks Investment Research upgraded shares of Boyd Gaming Corporation from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, April 18th. Finally, Barclays PLC boosted their price target on shares of Boyd Gaming Corporation from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Boyd Gaming Corporation presently has a consensus rating of “Buy” and an average target price of $26.87.
In other news, CEO Keith Smith sold 21,780 shares of Boyd Gaming Corporation stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $25.68, for a total transaction of $559,310.40. Following the transaction, the chief executive officer now owns 1,031,554 shares in the company, valued at approximately $26,490,306.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP William R. Boyd sold 10,000 shares of Boyd Gaming Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $26.55, for a total value of $265,500.00. Following the transaction, the vice president now owns 8,251 shares in the company, valued at approximately $219,064.05. The disclosure for this sale can be found here. Insiders sold a total of 183,816 shares of company stock worth $4,672,840 in the last 90 days. 29.16% of the stock is currently owned by insiders.
About Boyd Gaming Corporation
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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