Boyd Gaming Corporation (BYD) : Rwc Asset Management Llp reduced its stake in Boyd Gaming Corporation by 2.97% during the most recent quarter end. The investment management company now holds a total of 1,457,187 shares of Boyd Gaming Corporation which is valued at $27.6 Million after selling 44,593 shares in Boyd Gaming Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Boyd Gaming Corporation makes up approximately 0.80% of Rwc Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Geode Capital Management boosted its stake in BYD in the latest quarter, The investment management firm added 85,798 additional shares and now holds a total of 579,850 shares of Boyd Gaming Corporation which is valued at $11 Million. Boyd Gaming Corporation makes up approx 0.01% of Geode Capital Management’s portfolio. Lazard Asset Management added BYD to its portfolio by purchasing 44,400 company shares during the most recent quarter which is valued at $841,824. Numeric Investors added BYD to its portfolio by purchasing 135,300 company shares during the most recent quarter which is valued at $2.5 Million. Boyd Gaming Corporation makes up approx 0.03% of Numeric Investors’s portfolio.American Century Companies Inc reduced its stake in BYD by selling 95,531 shares or 18.42% in the most recent quarter. The Hedge Fund company now holds 422,992 shares of BYD which is valued at $7.9 Million. Boyd Gaming Corporation makes up approx 0.01% of American Century Companies Inc’s portfolio.
Boyd Gaming Corporation opened for trading at $18.44 and hit $18.705 on the upside on Wednesday, eventually ending the session at $18.54, with a gain of 0.76% or 0.14 points. The heightened volatility saw the trading volume jump to 12,63,735 shares. Company has a market cap of $2,078 M.
On the company’s financial health, Boyd Gaming Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.25. The company had revenue of $552.40 million for the quarter, compared to analysts expectations of $564.94 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on Boyd Gaming Corporation. Company shares were Reiterated by Barclays on Feb 18, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 21 from a previous price target of $19 .Company shares were Reiterated by Telsey Advisory Group on Feb 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada Illinois Indiana Iowa Kansas Louisiana Mississippi and New Jersey. The Company owns and manages 1268345 square feet of casino space containing 30392 slot machines 777 table games and 11391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula and Borgata.