Boyd Gaming Corp (NYSE:BYD) Q4 2016 Sentiment Change

August 16, 2017 - By Michael Collier

Sentiment for Boyd Gaming Corp (NYSE:BYD)

Boyd Gaming Corp (NYSE:BYD) institutional sentiment increased to 1.24 in Q4 2016. Its up 0.49, from 0.75 in 2016Q3. The ratio improved, as 89 investment professionals increased or opened new equity positions, while 72 sold and decreased equity positions in Boyd Gaming Corp. The investment professionals in our partner’s database now hold: 75.66 million shares, down from 78.27 million shares in 2016Q3. Also, the number of investment professionals holding Boyd Gaming Corp in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 22 Reduced: 50 Increased: 54 New Position: 35.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The company has market cap of $2.95 billion. The Firm operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It has a 12.84 P/E ratio. It operates through three divisions: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

About 612,163 shares traded. Boyd Gaming Corporation (NYSE:BYD) has risen 35.92% since August 16, 2016 and is uptrending. It has outperformed by 19.22% the S&P500.

H Partners Management Llc holds 6.23% of its portfolio in Boyd Gaming Corporation for 4.25 million shares. Highline Capital Management L.P. owns 4.25 million shares or 2.45% of their US portfolio. Moreover, Par Capital Management Inc has 2.41% invested in the company for 9.15 million shares. The New York-based Tcs Capital Management Llc has invested 2.03% in the stock. Mesirow Financial Investment Management, a Alabama-based fund reported 923,865 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 7 insider sales for $6.42 million activity.

Boyd Gaming Corporation (NYSE:BYD) Ratings Coverage

Ratings analysis reveals 75% of Boyd Gaming Corporation’s analysts are positive. Out of 16 Wall Street analysts rating Boyd Gaming Corporation, 12 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $20 while the high is $30. The stock’s average target of $24.77 is -5.53% below today’s ($26.22) share price. BYD was included in 29 notes of analysts from July 28, 2015. On Wednesday, November 2 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was initiated by Susquehanna with “Positive” on Tuesday, January 12. The stock has “Hold” rating by Bank of America on Friday, June 2. The firm has “Buy” rating given on Friday, January 27 by Buckingham Research. The stock of Boyd Gaming Corporation (NYSE:BYD) has “Equal-Weight” rating given on Tuesday, June 20 by Morgan Stanley. The company was initiated on Wednesday, February 15 by Telsey Advisory Group. The rating was upgraded by Morgan Stanley on Tuesday, January 17 to “Overweight”. Telsey Advisory Group maintained it with “Outperform” rating and $26 target in Wednesday, May 3 report. Imperial Capital maintained the shares of BYD in report on Thursday, May 4 with “Outperform” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, August 1.

Another recent and important Boyd Gaming Corporation (NYSE:BYD) news was published by Prnewswire.com which published an article titled: “Boyd Gaming Reports Second-Quarter 2017 Results” on July 27, 2017.

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