American International Group Inc Bought A Little More Boyd Gaming Corp (BYD) Stock In The Last Quarter

0
53

Boyd Gaming Corp (NYSE:BYD).

American International Group Inc says it increased its investment in Boyd Gaming Corp by 5.7% as of the end of the last quarter. Its position was worth $1,712,000 an increase of $169,000 as of quarter end.

Several firms have updated their holdings. Amalgamated Bank trimmed its ownership by shedding 81 shares a decrease of 0.7% in the quarter. Amalgamated Bank owns 11,375 shares valued at $296,000. The value of the position overall is up by 4.2%. Wells Fargo & Company/mn downsized its holdings by selling 17,980 shares a decrease of 99.4%. Wells Fargo & Company/mn now controls 114 shares with a value of $3,000. The total value of its holdings decreased 99.3%.

Quantbot Technologies LP reduced its stake by selling 1,508 shares a decrease of 11.9% from 06/30/2017 to 09/30/2017. Quantbot Technologies LP now holds 11,120 shares worth $289,000. The value of the position overall is down by 7.7%.

Stifel Nicolaus raised the price target of the stock on October 27 changing the price objective from $28.00 to $30.00 and stated a “Hold” rating. On October 24 analysts at Morgan Stanley updated its forecast on BYD with a rating of “Hold” and price target of $28.00.

On October 24 SunTrust Banks maintained a stock rating of “Buy” targeting a price of $27.00. Equity analyst Telsey Advisory Group raised the price target on October 12 boosting the projection from $30.00 to $31.00 and issued a “Outperform” recommendation.

Barclays PLC raised the price target on August 1 changing the forecast from $24.00 to $25.00 with a rating of “Equal Weight”. July 30 investment analysts at Deutsche Bank AG maintained a company rating of “Buy” with a current price target of $29.00.

The company is up from yesterday’s close of 28.89. The company’s P/E ratio is 34.70 and the market cap of the company is 3.27B. In the last earnings report the EPS was $0.83 with 112.59M shares outstanding.

Traders are a little more bearish on the company if you pay attention to the increase in short interest. The firm saw a rise in short interest of 1.70% as of October 31, 2017 from the last reporting period. Short shares grew from 11,787,060 to 11,987,977 over that period. The days to cover decreased to 8.0 and the percentage of shorted shares was 0.11% on October 31.