Boyd Gaming Corp (NYSE:BYD) Institutional Investors Quarterly Sentiment

May 17, 2018 - By Mona Holcomb

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Sentiment for Boyd Gaming Corp (NYSE:BYD)

Boyd Gaming Corp (NYSE:BYD) institutional sentiment decreased to 0.86 in 2017 Q4. Its down -0.25, from 1.11 in 2017Q3. The ratio fall, as 89 funds started new and increased equity positions, while 103 sold and reduced their equity positions in Boyd Gaming Corp. The funds in our partner’s database now possess: 82.05 million shares, down from 84.97 million shares in 2017Q3. Also, the number of funds holding Boyd Gaming Corp in their top 10 equity positions increased from 2 to 4 for an increase of 2. Sold All: 35 Reduced: 68 Increased: 49 New Position: 40.

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. The company has market cap of $4.16 billion. It operates through three divisions: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. It has a 22.59 P/E ratio. The firm owns and operates 24 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

The stock increased 1.74% or $0.63 during the last trading session, reaching $36.93. About 1.40M 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.

Analysts await Boyd Gaming Corporation (NYSE:BYD) to report earnings on July, 26. They expect $0.33 EPS, up 26.92 % or $0.07 from last year’s $0.26 per share. BYD’s profit will be $37.14M for 27.98 P/E if the $0.33 EPS becomes a reality. After $0.39 actual EPS reported by Boyd Gaming Corporation for the previous quarter, Wall Street now forecasts -15.38 % negative EPS growth.

Highline Capital Management L.P. holds 4.5% of its portfolio in Boyd Gaming Corporation for 3.88 million shares. Hoplite Capital Management L.P. owns 1.60 million shares or 3.9% of their US portfolio. Moreover, Waterfront Capital Partners Llc has 2.88% invested in the company for 660,282 shares. The New York-based Lomas Capital Management Llc has invested 2.8% in the stock. Par Capital Management Inc, a Massachusetts-based fund reported 6.82 million shares.

Since January 1, 0001, it had 0 insider purchases, and 8 insider sales for $12.12 million activity.

Boyd Gaming Corporation (NYSE:BYD) Ratings Coverage

Ratings analysis reveals 73% of Boyd Gaming’s analysts are positive. Out of 11 Wall Street analysts rating Boyd Gaming, 8 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $33 while the high is $44. The stock’s average target of $40 is 8.31% above today’s ($36.93) share price. BYD was included in 14 notes of analysts from December 6, 2017. The rating was upgraded by Deutsche Bank on Wednesday, December 6 to “Buy”. SunTrust maintained the stock with “Buy” rating in Monday, February 5 report. The rating was maintained by Barclays Capital on Wednesday, February 21 with “Equal-Weight”. The rating was maintained by Susquehanna with “Buy” on Tuesday, February 6. On Friday, January 5 the stock rating was upgraded by Bank of America to “Buy”. As per Monday, December 18, the company rating was upgraded by Deutsche Bank. On Friday, April 27 the stock rating was maintained by Deutsche Bank with “Buy”. Jefferies initiated Boyd Gaming Corporation (NYSE:BYD) rating on Thursday, January 18. Jefferies has “Hold” rating and $34.0 target. The company was upgraded on Tuesday, May 1 by Barclays Capital. As per Wednesday, February 21, the company rating was maintained by JP Morgan.

More notable recent Boyd Gaming Corporation (NYSE:BYD) news were published by: Seekingalpha.com which released: “Margins on the rise at Boyd Gaming” on April 27, 2018, also Seekingalpha.com with their article: “Highlights from Appaloosa’s Q1” published on May 15, 2018, Seekingalpha.com published: “4 Gaming Stocks For Second Half Of 2018” on May 17, 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 Streetinsider.com‘s news article titled: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” with publication date: May 15, 2018.

Boyd Gaming Corporation (NYSE:BYD) Institutional Positions Chart

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