Centiva Capital LP Grows Stock Holdings in Boyd Gaming Co. (NYSE:BYD)

Centiva Capital LP boosted its stake in Boyd Gaming Co. (NYSE:BYD) by 62.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,688 shares of the company’s stock after acquiring an additional 10,608 shares during the period. Centiva Capital LP’s holdings in Boyd Gaming were worth $1,790,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Boyd Gaming by 6,158.8% during the third quarter. Victory Capital Management Inc. now owns 908,905 shares of the company’s stock worth $58,761,000 after purchasing an additional 894,383 shares during the last quarter. Long Pond Capital LP purchased a new position in Boyd Gaming during the 2nd quarter worth $20,440,000. Ariel Investments LLC lifted its stake in shares of Boyd Gaming by 12.5% in the 2nd quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock worth $167,046,000 after acquiring an additional 335,984 shares during the period. American Century Companies Inc. boosted its holdings in shares of Boyd Gaming by 19.7% in the second quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock valued at $63,349,000 after acquiring an additional 189,226 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Boyd Gaming by 4,816.4% during the third quarter. International Assets Investment Management LLC now owns 184,560 shares of the company’s stock worth $119,320,000 after acquiring an additional 180,806 shares during the period. 76.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boyd Gaming news, CEO Keith Smith sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $72.15, for a total value of $2,164,500.00. Following the transaction, the chief executive officer now owns 1,101,202 shares of the company’s stock, valued at $79,451,724.30. This trade represents a 2.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William R. Boyd sold 25,155 shares of Boyd Gaming stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $69.35, for a total value of $1,744,499.25. Following the sale, the director now directly owns 1,487,970 shares in the company, valued at approximately $103,190,719.50. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,704 shares of company stock worth $10,540,944 in the last 90 days. 28.40% of the stock is owned by company insiders.

Boyd Gaming Price Performance

Shares of Boyd Gaming stock opened at $74.05 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $75.34. The stock has a market capitalization of $6.54 billion, a P/E ratio of 14.13, a PEG ratio of 9.85 and a beta of 1.54. The business’s fifty day moving average price is $68.41 and its 200 day moving average price is $60.89.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BYD. Bank of America lifted their price objective on Boyd Gaming from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Stifel Nicolaus increased their price objective on Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Truist Financial upped their price target on shares of Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Mizuho reissued an “outperform” rating and set a $79.00 price objective (up previously from $78.00) on shares of Boyd Gaming in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Boyd Gaming from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boyd Gaming has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

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.