Centaurus Financial Inc. Has $426,000 Stock Position in Boyd Gaming Co. (NYSE:BYD)

Centaurus Financial Inc. raised its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 62.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,587 shares of the company’s stock after buying an additional 2,522 shares during the quarter. Centaurus Financial Inc.’s holdings in Boyd Gaming were worth $426,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Comerica Bank raised its stake in Boyd Gaming by 103.1% during the 1st quarter. Comerica Bank now owns 42,898 shares of the company’s stock valued at $2,888,000 after purchasing an additional 21,772 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Boyd Gaming by 11,891.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 62,117 shares of the company’s stock valued at $4,016,000 after buying an additional 61,599 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Boyd Gaming by 24.7% in the second quarter. Sei Investments Co. now owns 497,331 shares of the company’s stock valued at $27,403,000 after buying an additional 98,508 shares during the period. SG Americas Securities LLC acquired a new stake in Boyd Gaming during the second quarter worth about $730,000. Finally, Ariel Investments LLC increased its stake in Boyd Gaming by 12.5% during the second quarter. Ariel Investments LLC now owns 3,031,691 shares of the company’s stock valued at $167,046,000 after acquiring an additional 335,984 shares during the period. 76.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on BYD shares. Bank of America lifted their price objective on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Barclays boosted their price target on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Mizuho reissued an “outperform” rating and issued a $79.00 target price (up previously from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price objective on Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Gaming currently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Insider Activity

In related news, Director William R. Boyd sold 25,155 shares of the firm’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 transaction, the director now owns 1,487,970 shares in the company, valued at $103,190,719.50. This trade represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marianne Boyd Johnson sold 73,130 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $60.23, for a total value of $4,404,619.90. Following the sale, the chairman now directly owns 1,423,498 shares of the company’s stock, valued at $85,737,284.54. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,834 shares of company stock valued at $14,945,564 over the last three months. 27.94% of the stock is owned by insiders.

Boyd Gaming Stock Up 0.1 %

Shares of NYSE:BYD opened at $73.04 on Wednesday. Boyd Gaming Co. has a 12 month low of $49.34 and a 12 month high of $74.78. The firm has a market cap of $6.46 billion, a P/E ratio of 13.94, a P/E/G ratio of 9.49 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The company’s 50-day moving average price is $67.41 and its two-hundred day moving average price is $60.22.

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.