Short Interest Reporting: What’s Boyd Gaming Corporation (NYSE:BYD) Upside After This Short Interest Decrease?

November 25, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Reporting: What's Boyd Gaming Corporation (NYSE:BYD) Upside After This Short Interest Decrease?

The stock of Boyd Gaming Corporation (NYSE:BYD) registered a decrease of 0.99% in short interest. BYD’s total short interest was 9.39M shares in November as published by FINRA. Its down 0.99% from 9.48 million shares, reported previously. With 946,600 shares average volume, it will take short sellers 10 days to cover their BYD’s short positions. The short interest to Boyd Gaming Corporation’s float is 11.82%. The stock increased 1.74% or $0.33 on November 25, hitting $19.28. About 296,676 shares traded hands. Boyd Gaming Corporation (NYSE:BYD) has declined 5.39% since April 22, 2016 and is downtrending. It has underperformed by 10.80% the S&P500.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The company has a market cap of $2.20 billion. The Firm is an owner and operator of approximately 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi. It has a 11.12 P/E ratio. The Company’s divisions include Las Vegas Locals; Downtown Las Vegas; Midwest and South, and Peninsula.

Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.23, from 0.98 in 2016Q1. The ratio dropped, as 37 funds sold all Boyd Gaming Corporation shares owned while 58 reduced positions. 20 funds bought stakes while 73 increased positions. They now own 81.12 million shares or 9.61% less from 89.75 million shares in 2016Q1.
Creative Planning, a Kansas-based fund reported 3,875 shares. Legal & General Grp Public Ltd Limited Liability Company has invested 0% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Pinnacle Ltd last reported 0.77% of its portfolio in the stock. State Street Corp holds 1.68 million shares or 0% of its portfolio. Deutsche Comml Bank Ag holds 0.01% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 446,047 shares. Long Pond Capital L P last reported 2.78 million shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 14,639 shares. California Public Employees Retirement System holds 0% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 111,800 shares. Brant Point Mngmt Ltd Llc holds 0.43% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 248,500 shares. State Teachers Retirement has invested 0.01% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Principal Financial accumulated 584,708 shares or 0.02% of the stock. Prudential has invested 0.01% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Cubist Systematic Strategies Ltd Liability Co holds 32,371 shares or 0.03% of its portfolio. Fincl Bank Of America Corp De holds 0% or 565,902 shares in its portfolio. Babson Capital Mngmt last reported 14,200 shares in the company.

Insider Transactions: Since June 2, 2016, the stock had 1 buying transaction, and 8 sales for $8.30 million net activity. WHETSELL PAUL W bought 7,500 shares worth $146,400. Another trade for 38,265 shares valued at $746,852 was sold by LARSON BRIAN A. SMITH KEITH sold 7,200 shares worth $139,681. Another trade for 10,000 shares valued at $192,559 was sold by JOHNSON MARIANNE BOYD. $990,500 worth of Boyd Gaming Corporation (NYSE:BYD) was sold by BOUGHNER ROBERT L on Thursday, September 8. BOYD WILLIAM S had sold 76,531 shares worth $1.51 million. 20,500 Boyd Gaming Corporation (NYSE:BYD) shares with value of $405,463 were sold by BOYD WILLIAM R.

Boyd Gaming Corporation (NYSE:BYD) Ratings Coverage

Out of 8 analysts covering Boyd Gaming Corporation (NYSE:BYD), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Boyd Gaming Corporation has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Boyd Gaming Corporation (NYSE:BYD) has “Equal-Weight” rating given on Thursday, February 18 by Barclays Capital. The rating was upgraded by Janney Capital to “Buy” on Tuesday, March 22. The stock of Boyd Gaming Corporation (NYSE:BYD) earned “Buy” rating by Sterne Agee CRT on Wednesday, January 27. Deutsche Bank maintained the shares of BYD in a report on Wednesday, November 2 with “Buy” rating. The rating was upgraded by JP Morgan on Friday, January 8 to “Overweight”. As per Tuesday, January 12, the company rating was initiated by Susquehanna. The rating was upgraded by Bank of America on Tuesday, July 28 to “Neutral”. On Thursday, December 3 the stock rating was upgraded by Goldman Sachs to “Neutral”.

BYD Company Profile

Boyd Gaming Corporation, incorporated on June 8, 1988, is a multi-jurisdictional gaming company. The Firm is an owner and operator of approximately 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi. The Company’s divisions include Las Vegas Locals; Downtown Las Vegas; Midwest and South, and Peninsula. It also owns and operates a travel agency and a captive insurance firm that underwrites travel-related insurance, each located in Hawaii. As of March 31, 2016, the Company owned or managed 1,243,007 square feet of casino space, containing 29,736 slot machines, 757 table games and 11,391 hotel rooms.

More important recent Boyd Gaming Corporation (NYSE:BYD) news were published by: Fool.com which released: “Why Shares of Boyd Gaming Corporation Jumped 19% in March” on April 07, 2016, also Moodys.com published article titled: “Moody’s assigns B3 to Boyd Gaming proposed senior note offering”, Prnewswire.com published: “Boyd Gaming Corporation Announces Pricing Of 6.375% Senior Notes Due 2026 …” on March 22, 2016. More interesting news about Boyd Gaming Corporation (NYSE:BYD) was released by: Prnewswire.com and their article: “Boyd Gaming Appoints Christine Spadafor Chair Of Governance And Nominating …” with publication date: September 15, 2016.

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By Winifred Garcia


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