Point72 Asset Management LP Position in Boyd Gaming Corp (BYD) Trimmed as Share Value Declined

May 18, 2018 - By Adrian Mccoy

Boyd Gaming Corporation (NYSE:BYD) LogoInvestors sentiment decreased to 0.86 in Q4 2017. Its down 0.25, from 1.11 in 2017Q3. It is negative, as 35 investors sold BYD 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. Citadel Limited Liability reported 61,128 shares or 0% of all its holdings. Louisiana State Employees Retirement Sys holds 0.06% or 35,300 shares in its portfolio. Comerica Comml Bank has invested 0.02% in Boyd Gaming Corporation (NYSE:BYD). The United Kingdom-based Legal & General Group Inc Public Limited Company has invested 0% in Boyd Gaming Corporation (NYSE:BYD). Moreover, Gemmer Asset Mngmt Ltd has 0% invested in Boyd Gaming Corporation (NYSE:BYD) for 140 shares. Pub Employees Retirement Association Of Colorado holds 19,287 shares. Hanson Mcclain has invested 0% in Boyd Gaming Corporation (NYSE:BYD). California Employees Retirement Sys accumulated 56,735 shares. Us Savings Bank De reported 0% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Cipher Capital LP holds 0.12% of its portfolio in Boyd Gaming Corporation (NYSE:BYD) for 44,366 shares. Qs, New York-based fund reported 200,527 shares. Teacher Retirement System Of Texas has 0.01% invested in Boyd Gaming Corporation (NYSE:BYD). Panagora Asset Management reported 0% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Connecticut-based Cubist Systematic Strategies Ltd Liability Corporation has invested 0.02% in Boyd Gaming Corporation (NYSE:BYD). Northern Trust has 0.01% invested in Boyd Gaming Corporation (NYSE:BYD) for 1.04M shares.

Since February 28, 2018, it had 0 insider buys, and 8 insider sales for $12.12 million activity. $835,671 worth of stock was sold by Thompson Stephen S. on Thursday, March 15. Another trade for 70,000 shares valued at $2.51 million was made by SMITH KEITH on Wednesday, March 7. $3.04M worth of Boyd Gaming Corporation (NYSE:BYD) was sold by JOHNSON MARIANNE BOYD. Shares for $1.01 million were sold by BOUGHNER ROBERT L. Shares for $3.54M were sold by LARSON BRIAN A.

Steve Cohen decreased its stake in Boyd Gaming Corp (BYD) by 30.69% based on its latest 2017Q4 regulatory filing with the SEC. Point72 Asset Management Lp sold 1.40M shares as the company’s stock declined 9.78% with the market. The hedge fund run by Steve Cohen held 3.17M shares of the hotels and resorts company at the end of 2017Q4, valued at $110.94 million, down from 4.57 million at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Boyd Gaming Corp for a number of months, seems to be less bullish one the $4.15 billion market cap company. The stock increased 1.60% or $0.58 during the last trading session, reaching $36.88. About 1.67 million shares traded or 4.24% up from the average. Boyd Gaming Corporation (NYSE:BYD) has risen 48.99% since May 18, 2017 and is uptrending. It has outperformed by 37.44% the S&P500.

Point72 Asset Management Lp, which manages about $23.17 billion US Long portfolio, upped its stake in Vulcan Matls Co (NYSE:VMC) by 631,880 shares to 1.67M shares, valued at $214.46M in 2017Q4, according to the filing. It also increased its holding in First Data Corp New by 8.08M shares in the quarter, for a total of 13.65M shares, and has risen its stake in Wpx Energy Inc (NYSE:WPX).

Analysts await Boyd Gaming Corporation (NYSE:BYD) to report earnings on July, 26. They expect $0.33 earnings per share, up 26.92 % or $0.07 from last year’s $0.26 per share. BYD’s profit will be $37.14M for 27.94 P/E if the $0.33 EPS becomes a reality. After $0.39 actual earnings per share reported by Boyd Gaming Corporation for the previous quarter, Wall Street now forecasts -15.38 % negative EPS growth.

More notable recent Boyd Gaming Corporation (NYSE:BYD) news were published by: Streetinsider.com which released: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” on May 15, 2018, also Seekingalpha.com with their article: “4 Gaming Stocks For Second Half Of 2018” published on May 17, 2018, Seekingalpha.com published: “Highlights from Appaloosa’s Q1” on May 15, 2018. More interesting news about Boyd Gaming Corporation (NYSE:BYD) were released by: Schaeffersresearch.com and their article: “SCOTUS Ruling Sparks Bullish Options Betting on Casino Stocks” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Margins on the rise at Boyd Gaming” with publication date: April 27, 2018.

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. On Wednesday, February 21 the stock rating was maintained by JP Morgan with “Overweight”. Barclays Capital maintained Boyd Gaming Corporation (NYSE:BYD) rating on Wednesday, February 21. Barclays Capital has “Equal-Weight” rating and $33 target. The firm has “Buy” rating by Deutsche Bank given on Monday, December 18. Deutsche Bank upgraded Boyd Gaming Corporation (NYSE:BYD) rating on Wednesday, December 6. Deutsche Bank has “Buy” rating and $37.0 target. SunTrust maintained Boyd Gaming Corporation (NYSE:BYD) rating on Monday, February 5. SunTrust has “Buy” rating and $43.0 target. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, February 21. The rating was maintained by Susquehanna with “Buy” on Tuesday, February 6. The stock of Boyd Gaming Corporation (NYSE:BYD) earned “Buy” rating by Deutsche Bank on Friday, April 27. The rating was initiated by Jefferies on Thursday, January 18 with “Hold”. The firm has “Buy” rating by Bank of America given on Friday, January 5.

Boyd Gaming Corporation (NYSE:BYD) Institutional Positions Chart

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