What’s Next for Boyd Gaming Corporation (NYSE:BYD) After Having Less Shares Shorted?

May 17, 2018 - By Michael Lara

Boyd Gaming Corporation (NYSE:BYD) Logo

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.25, from 1.11 in 2017Q3. It fall, as 35 investors sold Boyd Gaming Corporation shares while 68 reduced holdings. 40 funds opened positions while 49 raised stakes. 82.05 million shares or 3.44% less from 84.97 million shares in 2017Q3 were reported.
The Alabama-based Weiss Multi has invested 0.1% in Boyd Gaming Corporation (NYSE:BYD). Gam Hldg Ag stated it has 0.01% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Principal Grp has invested 0.02% in Boyd Gaming Corporation (NYSE:BYD). Cornerstone reported 0.01% in Boyd Gaming Corporation (NYSE:BYD). Hancock Hldg Company invested in 0.04% or 28,000 shares. Illinois-based First Tru L P has invested 0.01% in Boyd Gaming Corporation (NYSE:BYD). Amalgamated Bankshares holds 12,129 shares. Cullinan Assoc reported 195,000 shares or 0.5% of all its holdings. Moreover, Regions has 0.01% invested in Boyd Gaming Corporation (NYSE:BYD). Deutsche State Bank Ag holds 0.02% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 776,935 shares. Wells Fargo & Mn reported 150,625 shares. Moreover, Marshall Wace Limited Liability Partnership has 0.03% invested in Boyd Gaming Corporation (NYSE:BYD) for 23,206 shares. State Of Alaska Department Of Revenue invested in 0.01% or 16,387 shares. Louisiana State Employees Retirement System holds 0.06% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 35,300 shares. Ahl Prns Ltd Liability Partnership holds 0.02% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 45,039 shares.

Since February 28, 2018, it had 0 buys, and 8 insider sales for $12.12 million activity. LARSON BRIAN A also sold $3.54 million worth of Boyd Gaming Corporation (NYSE:BYD) on Tuesday, March 6. BOYD WILLIAM R sold $243,075 worth of stock. Shares for $835,671 were sold by Thompson Stephen S. on Thursday, March 15. JOHNSON MARIANNE BOYD sold $3.04 million worth of stock. On Monday, March 12 the insider BOUGHNER ROBERT L sold $1.01 million.

The stock of Boyd Gaming Corporation (NYSE:BYD) registered a decrease of 10.35% in short interest. BYD’s total short interest was 9.59M shares in May as published by FINRA. Its down 10.35% from 10.69M shares, reported previously. With 1.66M shares average volume, it will take short sellers 6 days to cover their BYD’s short positions. The short interest to Boyd Gaming Corporation’s float is 12.3%.

The stock increased 1.40% or $0.51 during the last trading session, reaching $36.81. About 1.25 million shares traded. Boyd Gaming Corporation (NYSE:BYD) has risen 48.99% since May 17, 2017 and is uptrending. It has outperformed by 37.44% the S&P500.

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. The company has market cap of $4.14 billion. It operates through three divisions: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. It has a 22.51 P/E ratio. The firm owns and operates 24 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

Boyd Gaming Corporation (NYSE:BYD) Ratings Coverage

Among 11 analysts covering Boyd Gaming (NYSE:BYD), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Boyd Gaming had 14 analyst reports since December 6, 2017 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Wednesday, December 6. The firm earned “Buy” rating on Tuesday, February 6 by Susquehanna. Deutsche Bank upgraded Boyd Gaming Corporation (NYSE:BYD) on Monday, December 18 to “Buy” rating. The stock of Boyd Gaming Corporation (NYSE:BYD) has “Buy” rating given on Friday, April 27 by Deutsche Bank. The rating was initiated by Jefferies with “Hold” on Thursday, January 18. The firm has “Hold” rating given on Wednesday, February 21 by Stifel Nicolaus. Barclays Capital upgraded the shares of BYD in report on Tuesday, May 1 to “Overweight” rating. The stock of Boyd Gaming Corporation (NYSE:BYD) earned “Buy” rating by Bank of America on Friday, January 5. The rating was maintained by SunTrust with “Buy” on Monday, February 5. The stock of Boyd Gaming Corporation (NYSE:BYD) earned “Equal-Weight” rating by Barclays Capital on Wednesday, February 21.

More notable recent Boyd Gaming Corporation (NYSE:BYD) news were published by: Seekingalpha.com which released: “Highlights from Appaloosa’s Q1” on May 15, 2018, also Seekingalpha.com with their article: “4 Gaming Stocks For Second Half Of 2018” published on May 17, 2018, Schaeffersresearch.com published: “SCOTUS Ruling Sparks Bullish Options Betting on Casino Stocks” on May 14, 2018. More interesting news about Boyd Gaming Corporation (NYSE:BYD) were released by: Seekingalpha.com and their article: “Susquehanna updates on Boyd Gaming” published on May 02, 2018 as well as Streetinsider.com‘s news article titled: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” with publication date: May 15, 2018.

Boyd Gaming Corporation (NYSE:BYD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.