Long Pond Capital Lp adds Boyd Gaming Corporation (BYD) to its portfolio

Boyd Gaming Corporation (BYD) : Long Pond Capital Lp added new position in Boyd Gaming Corporation during the most recent quarter end. The investment management firm now holds 2,784,605 shares of Boyd Gaming Corporation which is valued at $55,190,871 , the company said in a statement filed on Aug 12, 2016 with the SEC.Boyd Gaming Corporation makes up approximately 2.69% of Long Pond Capital Lp’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors boosted its stake in BYD in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 3,144 shares of Boyd Gaming Corporation which is valued at $62,880. Boyd Gaming Corporation makes up approx 0.03% of Tci Wealth Advisors’s portfolio. First Personal Financial Services added BYD to its portfolio by purchasing 679 company shares during the most recent quarter which is valued at $12,792. Fuller Thaler Asset Management sold out all of its stake in BYD during the most recent quarter. The investment firm sold 347,650 shares of BYD which is valued $6,518,438.California State Teachers Retirement System boosted its stake in BYD in the latest quarter, The investment management firm added 3,622 additional shares and now holds a total of 173,113 shares of Boyd Gaming Corporation which is valued at $3,287,416. Boyd Gaming Corporation makes up approx 0.01% of California State Teachers Retirement System’s portfolio.

Boyd Gaming Corporation closed down -0.21 points or -1.05% at $19.71 with 7,56,090 shares getting traded on Monday. Post opening the session at $19.87, the shares hit an intraday low of $19.67 and an intraday high of $19.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Boyd Gaming Corporation reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.30. The company had revenue of $544.90 million for the quarter, compared to analysts expectations of $557.57 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Boyd Gaming Corporation. Shares were Reiterated by Telsey Advisory Group on Aug 4, 2016 to “Outperform” and Lowered the Price Target to $ 23 from a previous price target of $24 .

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.

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