Boyd Gaming Co. (NYSE:BYD) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in shares of Boyd Gaming Co. (NYSE:BYD) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,710 shares of the company’s stock after selling 3,048 shares during the period. Glenmede Trust Co. NA’s holdings in Boyd Gaming were worth $14,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BYD. Ariel Investments LLC raised its holdings in shares of Boyd Gaming by 12.5% in the second 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 last quarter. Boston Partners lifted its holdings in Boyd Gaming by 10.0% in the 1st quarter. Boston Partners now owns 3,031,091 shares of the company’s stock valued at $203,276,000 after purchasing an additional 274,876 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Boyd Gaming by 19.7% during the 2nd quarter. American Century Companies Inc. now owns 1,149,701 shares of the company’s stock worth $63,349,000 after purchasing an additional 189,226 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Boyd Gaming by 5.9% during the third 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 in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Boyd Gaming by 6,158.8% in the third quarter. Victory Capital Management Inc. now owns 908,905 shares of the company’s stock valued at $58,761,000 after buying an additional 894,383 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Insider Buying and Selling at Boyd Gaming

In other news, CFO Josh Hirsberg sold 21,549 shares of Boyd Gaming stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.43, for a total transaction of $1,539,245.07. Following the sale, the chief financial officer now directly owns 438,615 shares of the company’s stock, valued at approximately $31,330,269.45. The trade was a 4.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Boyd sold 25,155 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,704 shares of company stock valued at $10,540,944 over the last three months. 28.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on BYD shares. Truist Financial lifted their target price 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. Wells Fargo & Company increased their target price on Boyd Gaming from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Barclays upped their price objective on shares of Boyd Gaming from $70.00 to $71.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Boyd Gaming Stock Performance

Shares of BYD stock opened at $73.10 on Friday. The company’s fifty day simple moving average is $67.82 and its 200-day simple moving average is $60.45. 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 52 week low of $49.34 and a 52 week high of $74.78. The company has a market cap of $6.46 billion, a PE ratio of 13.95, a P/E/G ratio of 9.58 and a beta of 1.55.

About Boyd Gaming

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.