HG Vora Capital Management LLC Has $193.95 Million Stock Position in Boyd Gaming Co. (NYSE:BYD)

HG Vora Capital Management LLC lowered its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 25.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,000,000 shares of the company’s stock after selling 1,000,000 shares during the quarter. Boyd Gaming accounts for 14.2% of HG Vora Capital Management LLC’s portfolio, making the stock its 4th biggest position. HG Vora Capital Management LLC’s holdings in Boyd Gaming were worth $193,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Cetera Trust Company N.A grew its holdings in Boyd Gaming by 5.4% during the third quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock worth $215,000 after buying an additional 170 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in Boyd Gaming by 2.6% during the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock worth $444,000 after buying an additional 205 shares in the last quarter. Covestor Ltd grew its holdings in Boyd Gaming by 54.9% during the third quarter. Covestor Ltd now owns 587 shares of the company’s stock worth $38,000 after buying an additional 208 shares in the last quarter. KBC Group NV grew its holdings in Boyd Gaming by 0.9% during the third quarter. KBC Group NV now owns 25,407 shares of the company’s stock worth $1,643,000 after buying an additional 232 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Boyd Gaming by 58.2% during the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock worth $43,000 after buying an additional 288 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BYD. JPMorgan Chase & Co. upped their price target on Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Morgan Stanley boosted their price objective on Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Truist Financial boosted their price objective on Boyd Gaming from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted 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. Seven equities research 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’s stock. According to data from MarketBeat, Boyd Gaming has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

Boyd Gaming Stock Up 1.6 %

Shares of NYSE BYD opened at $75.05 on Tuesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. Boyd Gaming Co. has a one year low of $49.34 and a one year high of $75.20. The stock has a market capitalization of $6.63 billion, a PE ratio of 14.32, a P/E/G ratio of 9.69 and a beta of 1.54. The business’s fifty day moving average price is $68.20 and its 200-day moving average price is $60.75.

Insider Activity at Boyd Gaming

In related news, CEO Keith Smith sold 40,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.49, for a total transaction of $2,939,600.00. Following the sale, the chief executive officer now directly owns 1,161,202 shares in the company, valued at approximately $85,336,734.98. The trade was a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 25,155 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $69.35, for a total value of $1,744,499.25. Following the completion of the transaction, the director now owns 1,487,970 shares in the company, valued at $103,190,719.50. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,704 shares of company stock worth $10,540,944. 28.40% of the stock is owned by company 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.