Does Boyd Gaming Corporation (NYSE:BYD) Have Gas After Even Less Sellers Involved?

May 17, 2018 - By Margarite Burden

Boyd Gaming Corporation (NYSE:BYD) Logo

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.25, from 1.11 in 2017Q3. It worsened, as 35 investors sold Boyd Gaming Corporation shares while 68 reduced holdings. 40 funds opened positions while 49 raised stakes. 82.05 million shares or 3.44% less from 84.97 million shares in 2017Q3 were reported.
Etrade Cap Mngmt Lc invested 0.01% in Boyd Gaming Corporation (NYSE:BYD). Legal General Gru Public Limited Company stated it has 0% in Boyd Gaming Corporation (NYSE:BYD). Voya Invest Management Ltd Liability Corp holds 1.23 million shares or 0.09% of its portfolio. Price T Rowe Assocs Incorporated Md holds 0% in Boyd Gaming Corporation (NYSE:BYD) or 38,013 shares. Wells Fargo Company Mn invested 0% in Boyd Gaming Corporation (NYSE:BYD). Cornerstone Advisors has invested 0.01% in Boyd Gaming Corporation (NYSE:BYD). Eaton Vance Mgmt has 0% invested in Boyd Gaming Corporation (NYSE:BYD). Shellback Cap L P holds 0.72% or 276,900 shares. Guggenheim Cap Ltd Liability Company invested in 194,011 shares or 0.02% of the stock. Numeric Investors Ltd Liability Corp holds 0.01% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 22,100 shares. Employees Retirement Of Texas has invested 0.02% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Barclays Public Limited Liability reported 76,304 shares. Parametric Portfolio Associates Limited Company holds 0.02% or 429,977 shares in its portfolio. Proshare Advsr Limited Liability invested in 0% or 14,835 shares. Northern holds 0.01% or 1.04 million shares.

Since February 28, 2018, it had 0 insider purchases, and 8 insider sales for $12.12 million activity. BOUGHNER ROBERT L sold $1.01 million worth of stock. Shares for $835,671 were sold by Thompson Stephen S.. Another trade for 70,000 shares valued at $2.51 million was made by SMITH KEITH on Wednesday, March 7. BOYD WILLIAM R sold $265,185 worth of stock or 7,528 shares. Another trade for 99,077 shares valued at $3.54 million was made by LARSON BRIAN A on Tuesday, March 6.

The stock of Boyd Gaming Corporation (NYSE:BYD) registered a decrease of 10.35% in short interest. BYD’s total short interest was 9.59M shares in May as published by FINRA. Its down 10.35% from 10.69M shares, reported previously. With 1.66 million shares average volume, it will take short sellers 6 days to cover their BYD’s short positions. The short interest to Boyd Gaming Corporation’s float is 12.3%.

The stock increased 1.40% or $0.51 during the last trading session, reaching $36.81. About 1.25 million shares traded. Boyd Gaming Corporation (NYSE:BYD) has risen 48.99% since May 17, 2017 and is uptrending. It has outperformed by 37.44% the S&P500.

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. The company has market cap of $4.14 billion. It operates through three divisions: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. It has a 22.51 P/E ratio. The firm owns and operates 24 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

Boyd Gaming Corporation (NYSE:BYD) Ratings Coverage

Among 11 analysts covering Boyd Gaming (NYSE:BYD), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Boyd Gaming had 14 analyst reports since December 6, 2017 according to SRatingsIntel. The rating was maintained by JP Morgan with “Overweight” on Wednesday, February 21. The rating was initiated by Jefferies with “Hold” on Thursday, January 18. Deutsche Bank maintained it with “Buy” rating and $4400 target in Friday, April 27 report. The firm has “Buy” rating given on Tuesday, February 6 by Susquehanna. The firm earned “Overweight” rating on Tuesday, May 1 by Barclays Capital. On Wednesday, December 6 the stock rating was upgraded by Deutsche Bank to “Buy”. The stock of Boyd Gaming Corporation (NYSE:BYD) has “Hold” rating given on Wednesday, February 21 by Stifel Nicolaus. Bank of America upgraded the stock to “Buy” rating in Friday, January 5 report. The rating was upgraded by Deutsche Bank to “Buy” on Monday, December 18. As per Monday, February 5, the company rating was maintained by SunTrust.

More notable recent Boyd Gaming Corporation (NYSE:BYD) news were published by: Seekingalpha.com which released: “Susquehanna updates on Boyd Gaming” on May 02, 2018, also Seekingalpha.com with their article: “Highlights from Appaloosa’s Q1” published on May 15, 2018, Streetinsider.com published: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” on May 15, 2018. More interesting news about Boyd Gaming Corporation (NYSE:BYD) were released by: Schaeffersresearch.com and their article: “SCOTUS Ruling Sparks Bullish Options Betting on Casino Stocks” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “All eyes on sports betting plays” with publication date: May 15, 2018.

Boyd Gaming Corporation (NYSE:BYD) Institutional Positions Chart

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