Hantz Financial Services Inc. Sells 781 Shares of Boyd Gaming Co. (NYSE:BYD)

Hantz Financial Services Inc. trimmed its position in shares of Boyd Gaming Co. (NYSE:BYD) by 4.7% in the third quarter, Holdings Channel reports. The fund owned 15,996 shares of the company’s stock after selling 781 shares during the quarter. Hantz Financial Services Inc.’s holdings in Boyd Gaming were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BYD. Cetera Trust Company N.A lifted its stake in shares of Boyd Gaming by 5.4% in the third quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock valued at $215,000 after buying an additional 170 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of Boyd Gaming by 2.6% in the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock valued at $444,000 after buying an additional 205 shares during the period. Covestor Ltd lifted its stake in shares of Boyd Gaming by 54.9% in the third quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after buying an additional 208 shares during the period. KBC Group NV lifted its stake in shares of Boyd Gaming by 0.9% in the third quarter. KBC Group NV now owns 25,407 shares of the company’s stock valued at $1,643,000 after buying an additional 232 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Boyd Gaming by 58.2% in the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after buying an additional 288 shares during the period. 76.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BYD. Mizuho reiterated an “outperform” rating and issued a $79.00 target price (up previously from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Morgan Stanley raised their price target on shares of Boyd Gaming from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their price target on shares of Boyd Gaming from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Insider Buying and Selling

In related news, CEO Keith Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.49, for a total value of $2,939,600.00. Following the completion of the transaction, the chief executive officer now owns 1,161,202 shares in the company, valued at $85,336,734.98. The trade was a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William R. Boyd sold 25,155 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the completion of the transaction, the director now owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,704 shares of company stock worth $10,540,944 in the last quarter. Insiders own 27.94% of the company’s stock.

Boyd Gaming Stock Performance

NYSE BYD opened at $73.85 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 1.85. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 9.69 and a beta of 1.55. The company has a 50 day moving average of $68.20 and a 200-day moving average of $60.71. Boyd Gaming Co. has a 1-year low of $49.34 and a 1-year high of $74.78.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.