Boyd Gaming Corporation (BYD) : Land Buildings Investment Management reduced its stake in Boyd Gaming Corporation by 14.61% during the most recent quarter end. The investment management company now holds a total of 596,950 shares of Boyd Gaming Corporation which is valued at $11,831,549 after selling 102,163 shares in Boyd Gaming Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Boyd Gaming Corporation makes up approximately 5.24% of Land Buildings Investment Management’s portfolio.
Other Hedge Funds, Including , A.r.t. Advisors reduced its stake in BYD by selling 9,500 shares or 5.09% in the most recent quarter. The Hedge Fund company now holds 177,094 shares of BYD which is valued at $3,510,003. Boyd Gaming Corporation makes up approx 0.17% of A.r.t. Advisors’s portfolio.United Services Automobile Association boosted its stake in BYD in the latest quarter, The investment management firm added 11,700 additional shares and now holds a total of 147,800 shares of Boyd Gaming Corporation which is valued at $2,929,396. Boyd Gaming Corporation makes up approx 0.01% of United Services Automobile Association’s portfolio. Reliance Trust Co Of Delaware sold out all of its stake in BYD during the most recent quarter. The investment firm sold 25,210 shares of BYD which is valued $499,662. Morgens Waterfall Vintiadis Co Inc sold out all of its stake in BYD during the most recent quarter. The investment firm sold 111,000 shares of BYD which is valued $2,100,120.
Boyd Gaming Corporation opened for trading at $19.66 and hit $19.91 on the upside on Thursday, eventually ending the session at $19.73, with a gain of 1.18% or 0.23 points. The heightened volatility saw the trading volume jump to 8,42,002 shares. Company has a market cap of $2,215 M.
On the company’s financial health, Boyd Gaming Corporation reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.30. The company had revenue of $544.90 million for the quarter, compared to analysts expectations of $557.57 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Boyd Gaming Corporation. Shares were Reiterated by Telsey Advisory Group on Aug 4, 2016 to “Outperform” and Lowered the Price Target to $ 23 from a previous price target of $24 .
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada Illinois Indiana Iowa Kansas Louisiana Mississippi and New Jersey. The Company owns and manages 1268345 square feet of casino space containing 30392 slot machines 777 table games and 11391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula and Borgata.