Y Intercept Hong Kong Ltd Makes New $1.11 Million Investment in Boyd Gaming Corporation $BYD

Y Intercept Hong Kong Ltd acquired a new position in shares of Boyd Gaming Corporation (NYSE:BYD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,846 shares of the company’s stock, valued at approximately $1,111,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BYD. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Boyd Gaming in the third quarter valued at $288,000. Teacher Retirement System of Texas boosted its stake in Boyd Gaming by 27.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 12,945 shares of the company’s stock worth $1,119,000 after buying an additional 2,798 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Boyd Gaming by 8.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,142 shares of the company’s stock valued at $2,779,000 after buying an additional 2,397 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Boyd Gaming by 66.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,822 shares of the company’s stock valued at $618,000 after acquiring an additional 3,114 shares during the last quarter. Finally, Inscription Capital LLC boosted its position in shares of Boyd Gaming by 149.2% in the third quarter. Inscription Capital LLC now owns 15,784 shares of the company’s stock worth $1,365,000 after acquiring an additional 9,449 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Boyd Gaming Price Performance

BYD stock opened at $84.50 on Friday. The stock has a 50-day simple moving average of $84.92 and a 200-day simple moving average of $83.79. The firm has a market cap of $6.60 billion, a P/E ratio of 3.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 0.51. Boyd Gaming Corporation has a 1 year low of $58.94 and a 1 year high of $89.96.

Boyd Gaming Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, December 15th. Boyd Gaming’s payout ratio is presently 3.15%.

Wall Street Analyst Weigh In

BYD has been the topic of a number of recent analyst reports. Macquarie reaffirmed a “neutral” rating and set a $90.00 price target on shares of Boyd Gaming in a research note on Friday, October 24th. JPMorgan Chase & Co. increased their target price on Boyd Gaming from $87.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Mizuho boosted their price target on Boyd Gaming from $89.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Wells Fargo & Company initiated coverage on Boyd Gaming in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $85.00 price target for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Boyd Gaming in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.00.

Insider Buying and Selling at Boyd Gaming

In related news, Director William R. Boyd sold 20,000 shares of the firm’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. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 27.94% of the company’s stock.

Boyd Gaming 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.