William Boyd Insider Sell Transaction
The insider, and Boyd Gaming Corporation (NYSE:BYD)
Boyd Gaming Corp Stock Rating, Sentiment and Fundamentals
Numbers from the sixteen big league security analysts who cover Boyd Gaming Corp’s stock predict the Price/Earnings ratio to be 27.09 if the EPS in 2015 is $0.74 per share.
|Rating & Sentiment|
|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||SELL|
* Read How Our Stock Ratings System Works
Boyd Gaming Corp has had its stock price skyrocketing by 48.09 % in the last 200 days alone, and its continuing to be on a reliable uptrend. Despite William Boyd’s trade, we have no choice but to rate the stock NEUTRAL as our trend following model which is presented on the chart below, is not negative.
Price Chart of Boyd Gaming Corporation NYSE:BYD Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
The consensus among the legendary stock market traders has always been that a mix of both technical as well as fundamental analysis allows for the highest risk-adjusted returns, epitomized by John Burbank. This doesn’t look to be the case with this stock.
Hedge Funds Ownership
Latest 13F filings from SEC reveal 166 investment managers hold Boyd Gaming Corp. The institutional ownership of the company in the last quarter is high, at 69.23 % of the shares outstanding. They decreased by 339,951 the total shares they hold. As of that quarter these funds owned 76.88 million shares. There were 23 funds that created new positions and 67 funds that added to their positions. A total of 28 funds closed their positions in Boyd Gaming Corp and 52 reduced their holdings.
This stock is held by three investment managers in their Top 10 stock positions. Some of them are: H Partners Management Llc, Addison Clark Management L.L.C., Panning Capital Management Lp.
Rehan Jaffer’s H Partners Management Llc had the greatest investment with ownership of 4.21 million shares as of Q2 2015 for 4.79% of the fund’s portfolio. Terence Hogan’s Addison Clark Management L.L.C. is another bullish player owning 1.92 million shares of the company or 9.86% of their stocks portfolio. The stock is also 1.65% of the fund’s AUM. The New York-based fund Panning Capital Management Lp have 9.74% of their stock portfolio invested in the company for 2.25 million shares. Moreover, The Massachusetts-based fund Par Capital Management Inc revealed it had acquired a stake worth 2.59% of the fund’s stock portfolio in the company. Peavine Capital Management Llc was also a notable believer in the -listed company, with ownership of 40,000 shares. Boyd Gaming Corp is 0.40% of the fund’s stock portfolio.
Boyd Gaming Corporation NYSE:BYD Company Profile
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 1,268,345 square feet of casino space, containing 30,392 slot machines, 777 table games and 11,391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata.
Company Website: Boyd Gaming Corporation
Now its market capitalization is: $2.24 billion and it has 109.97 million outstanding shares. Boyd Gaming Corp has 18290 employees. Currently there are 71.42% shareholders and the institutional ownership is 71.42%. Boyd Gaming Corp was filled in Nevada on 1988-06-08. The stock closed at $20.17 yesterday and it had average 2 days volume of 201288 shares. It is down from the 30 days average shares volume of 334195. Boyd Gaming Corp has a 52 weeks low of $10.51 and a one year high of $21.20. The stock price is above the 200 days SMA. Boyd Gaming Corp last issued its quarterly earnings information on 10/22/2015. The company reported 0.27 EPS for the quarter, above the consensus estimate of 0.1 by 0.17. The company had a revenue of 546.31 million for 9/30/2015 and 559.87 million for 6/30/2015. Therefore, the revenue was -13,554,000 down.
* By William R. Boyd Gaming Properties Trust – of which reporting person is Trustee – Settlor and Beneficiary.
* By the Sean W. Johnson Education Trust – dated July 1 – 1997 – of which the Reporting Person is the Trustee.
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