What’s Propelling Boyd Gaming Corporation (NYSE:BYD) After Lower Shorts Reported?

May 17, 2018 - By Jason Grubb

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Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.25, from 1.11 in 2017Q3. It dropped, 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.
Miles Cap invested 0.12% in Boyd Gaming Corporation (NYSE:BYD). Regions Financial invested in 0.01% or 17,346 shares. Proshare Advsrs Limited Liability Corp owns 14,835 shares or 0% of their US portfolio. Fiera Capital Corporation holds 0.03% or 174,222 shares in its portfolio. Voloridge Investment Management Ltd accumulated 131,670 shares. Marshall Wace Llp holds 0.03% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 23,206 shares. Cookson Peirce & has 474,090 shares for 1.56% of their portfolio. California State Teachers Retirement System holds 0.01% or 131,030 shares in its portfolio. Weiss Multi holds 0.1% or 107,118 shares. Schwab Charles Investment Mngmt holds 497,699 shares. 52,293 are owned by Public Sector Pension Board. Cornerstone Advisors holds 0.01% or 300 shares. Price T Rowe Associates Md stated it has 0% in Boyd Gaming Corporation (NYSE:BYD). Assetmark has invested 0% in Boyd Gaming Corporation (NYSE:BYD). Mason Street Advisors Ltd Limited Liability Company invested 0.02% in Boyd Gaming Corporation (NYSE:BYD).

Since February 28, 2018, it had 0 insider buys, and 8 insider sales for $12.12 million activity. On Monday, March 12 BOUGHNER ROBERT L sold $1.01 million worth of Boyd Gaming Corporation (NYSE:BYD) or 30,000 shares. $2.51M worth of stock was sold by SMITH KEITH on Wednesday, March 7. $3.04 million worth of Boyd Gaming Corporation (NYSE:BYD) was sold by JOHNSON MARIANNE BOYD. On Tuesday, March 6 the insider LARSON BRIAN A sold $3.54M. Another trade for 24,906 shares valued at $835,671 was sold by Thompson Stephen S..

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 10.69 million 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 1.25M 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 firm earned “Buy” rating on Friday, April 27 by Deutsche Bank. SunTrust maintained Boyd Gaming Corporation (NYSE:BYD) rating on Monday, February 5. SunTrust has “Buy” rating and $43.0 target. The rating was maintained by JP Morgan with “Overweight” on Wednesday, February 21. The firm has “Buy” rating by Bank of America given on Friday, January 5. The stock of Boyd Gaming Corporation (NYSE:BYD) has “Hold” rating given on Thursday, January 18 by Jefferies. The rating was maintained by Barclays Capital on Wednesday, February 21 with “Equal-Weight”. On Wednesday, December 6 the stock rating was upgraded by Deutsche Bank to “Buy”. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, May 1. The stock has “Buy” rating by Susquehanna on Tuesday, February 6. Stifel Nicolaus maintained it with “Hold” rating and $40.0 target in Wednesday, February 21 report.

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: Seekingalpha.com and their article: “Margins on the rise at Boyd Gaming” published on April 27, 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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