Boyd Gaming Co. (NYSE:BYD) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in Boyd Gaming Co. (NYSE:BYD) by 113.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,658 shares of the company’s stock after buying an additional 16,325 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Boyd Gaming were worth $1,982,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Centaurus Financial Inc. grew its holdings in shares of Boyd Gaming by 62.0% during the third quarter. Centaurus Financial Inc. now owns 6,587 shares of the company’s stock valued at $426,000 after purchasing an additional 2,522 shares during the last quarter. Algert Global LLC boosted its position in Boyd Gaming by 183.4% during the 3rd quarter. Algert Global LLC now owns 142,003 shares of the company’s stock valued at $9,180,000 after purchasing an additional 91,900 shares during the period. Cerity Partners LLC boosted its position in Boyd Gaming by 46.3% during the 3rd quarter. Cerity Partners LLC now owns 13,725 shares of the company’s stock valued at $887,000 after purchasing an additional 4,345 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Boyd Gaming by 5.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 971,921 shares of the company’s stock worth $62,835,000 after buying an additional 54,128 shares during the last quarter. Finally, Pathstone Holdings LLC increased its position in Boyd Gaming by 0.9% in the third quarter. Pathstone Holdings LLC now owns 44,221 shares of the company’s stock worth $2,859,000 after buying an additional 404 shares during the period. Institutional investors own 76.81% of the company’s stock.

Insider Buying and Selling

In other Boyd Gaming news, CFO Josh Hirsberg sold 21,549 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total value of $1,539,245.07. Following the transaction, the chief financial officer now owns 438,615 shares of the company’s stock, valued at approximately $31,330,269.45. This represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keith Smith sold 40,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.49, for a total value of $2,939,600.00. Following the sale, the chief executive officer now directly owns 1,161,202 shares of the company’s stock, valued at approximately $85,336,734.98. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,834 shares of company stock valued at $14,945,564 over the last three months. Company insiders own 27.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BYD shares. Stifel Nicolaus boosted their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the company a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Bank of America raised their price target 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. Mizuho reiterated an “outperform” rating and set a $79.00 price objective (up from $78.00) on shares of Boyd Gaming in a research report on Friday, October 25th. Finally, Truist Financial raised their target price on Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.38.

Boyd Gaming Stock Up 0.9 %

Shares of BYD stock opened at $72.98 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.79 and a current ratio of 0.82. The stock has a market cap of $6.45 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 9.49 and a beta of 1.55. The business’s fifty day moving average is $67.41 and its 200-day moving average is $60.22. Boyd Gaming Co. has a 1 year low of $49.34 and a 1 year high of $74.78.

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.