Portolan Capital Management Has Decreased Lkq (LKQ) Stake; Boyd Gaming Has 0.86 Sentiment

April 24, 2018 - By Marguerite Chambers

Boyd Gaming Corporation (NYSE:BYD) Logo

Boyd Gaming Corp (BYD) investors sentiment decreased to 0.86 in Q4 2017. It’s down -0.25, from 1.11 in 2017Q3. The ratio is negative, as 89 investment managers opened new or increased equity positions, while 103 reduced and sold their stock positions in Boyd Gaming Corp. The investment managers in our database now have: 82.05 million shares, down from 84.97 million shares in 2017Q3. Also, the number of investment managers holding Boyd Gaming Corp in top ten equity positions increased from 2 to 4 for an increase of 2. Sold All: 35 Reduced: 68 Increased: 49 New Position: 40.

Portolan Capital Management Llc decreased Lkq Corporation (LKQ) stake by 25.88% reported in 2017Q4 SEC filing. Portolan Capital Management Llc sold 44,992 shares as Lkq Corporation (LKQ)’s stock declined 7.91%. The Portolan Capital Management Llc holds 128,846 shares with $5.24M value, down from 173,838 last quarter. Lkq Corporation now has $11.59 billion valuation. The stock decreased 2.40% or $0.92 during the last trading session, reaching $37.42. About 1.09M shares traded. LKQ Corporation (NASDAQ:LKQ) has risen 27.90% since April 24, 2017 and is uptrending. It has outperformed by 16.35% the S&P500.

Highline Capital Management L.P. holds 4.5% of its portfolio in Boyd Gaming Corporation for 3.88 million shares. Hoplite Capital Management L.P. owns 1.60 million shares or 3.9% of their US portfolio. Moreover, Waterfront Capital Partners Llc has 2.88% invested in the company for 660,282 shares. The New York-based Lomas Capital Management Llc has invested 2.8% in the stock. Par Capital Management Inc, a Massachusetts-based fund reported 6.82 million shares.

Ratings analysis reveals 100% of Boyd Gaming’s analysts are positive. Out of 6 Wall Street analysts rating Boyd Gaming, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $23.0 while the high is $24.0. The stock’s average target of $23.25 is -31.72% below today’s ($34.05) share price. BYD was included in 6 notes of analysts from November 2, 2016. The company was maintained on Wednesday, November 2 by Deutsche Bank. Telsey Advisory initiated the shares of BYD in report on Wednesday, February 15 with “Outperform” rating. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 17. On Friday, February 10 the stock rating was initiated by SunTrust with “Buy”. Instinet upgraded Boyd Gaming Corporation (NYSE:BYD) on Wednesday, February 1 to “Buy” rating. The stock has “Buy” rating by Buckingham Research on Friday, January 27.

Analysts await Boyd Gaming Corporation (NYSE:BYD) to report earnings on May, 1. They expect $0.34 EPS, up 6.25% or $0.02 from last year’s $0.32 per share. BYD’s profit will be $38.30M for 25.04 P/E if the $0.34 EPS becomes a reality. After $0.22 actual EPS reported by Boyd Gaming Corporation for the previous quarter, Wall Street now forecasts 54.55% EPS growth.

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. The company has market cap of $3.84 billion. It operates through three divisions: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. It has a 20.83 P/E ratio. The firm owns and operates 24 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

Since January 1, 0001, it had 0 insider purchases, and 7 insider sales for $11.45 million activity.

The stock decreased 2.77% or $0.97 during the last trading session, reaching $34.05. About 558,033 shares traded. Boyd Gaming Corporation (BYD) has risen 48.99% since April 24, 2017 and is uptrending. It has outperformed by 37.44% the S&P500.

Investors sentiment increased to 1.16 in Q4 2017. Its up 0.24, from 0.92 in 2017Q3. It increased, as 27 investors sold LKQ shares while 166 reduced holdings. 77 funds opened positions while 147 raised stakes. 275.57 million shares or 0.71% more from 273.62 million shares in 2017Q3 were reported. Legal And General Grp Public Ltd Co accumulated 1.46M shares. 580 were accumulated by Brown Brothers Harriman. Fdx Advsr Inc owns 16,116 shares or 0.02% of their US portfolio. Parkside Bancorp And Tru holds 0.04% of its portfolio in LKQ Corporation (NASDAQ:LKQ) for 2,545 shares. Bridges Mngmt invested in 10,250 shares. Amalgamated Financial Bank invested 0.04% in LKQ Corporation (NASDAQ:LKQ). Kentucky Retirement Systems has invested 0.06% in LKQ Corporation (NASDAQ:LKQ). Prudential owns 0.11% invested in LKQ Corporation (NASDAQ:LKQ) for 1.95 million shares. 11,959 are held by Ls Inv Advsrs Ltd Co. Gemmer Asset Ltd Limited Liability Company has 528 shares. Palisade Capital Mgmt Ltd Liability Com Nj stated it has 763,796 shares or 1.05% of all its holdings. Dnb Asset Mngmt As reported 0.02% in LKQ Corporation (NASDAQ:LKQ). 12,558 are owned by Thrivent For Lutherans. Financial Bank Of Montreal Can invested in 837,550 shares. Cipher Capital Lp accumulated 0.04% or 12,440 shares.

Since October 26, 2017, it had 0 insider buys, and 4 insider sales for $5.81 million activity. $4.00M worth of LKQ Corporation (NASDAQ:LKQ) was sold by WEBSTER WILLIAM M IV on Friday, December 8. $298,256 worth of LKQ Corporation (NASDAQ:LKQ) was sold by Quinn John S on Wednesday, February 28. Shares for $920,500 were sold by CASINI VICTOR M.

Portolan Capital Management Llc increased Abraxas Petroleum Corporation (NASDAQ:AXAS) stake by 1.75 million shares to 6.38 million valued at $15.70 million in 2017Q4. It also upped Extraction Oil & Gas Inc. stake by 272,266 shares and now owns 1.22M shares. Care.Com Inc. (NYSE:CRCM) was raised too.

Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on April, 26 before the open. They expect $0.59 EPS, up 20.41% or $0.10 from last year’s $0.49 per share. LKQ’s profit will be $182.68M for 15.86 P/E if the $0.59 EPS becomes a reality. After $0.41 actual EPS reported by LKQ Corporation for the previous quarter, Wall Street now forecasts 43.90% EPS growth.

Among 13 analysts covering LKQ (NASDAQ:LKQ), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. LKQ had 29 analyst reports since January 15, 2016 according to SRatingsIntel. The stock of LKQ Corporation (NASDAQ:LKQ) has “Buy” rating given on Friday, January 15 by Jefferies. The firm has “Buy” rating given on Tuesday, November 29 by Stifel Nicolaus. Sterne Agee CRT initiated the stock with “Buy” rating in Wednesday, March 2 report. As per Monday, February 12, the company rating was upgraded by Northcoast. Robert W. Baird maintained LKQ Corporation (NASDAQ:LKQ) rating on Thursday, October 26. Robert W. Baird has “Buy” rating and $42.0 target. The company was maintained on Tuesday, January 16 by Stephens. The stock of LKQ Corporation (NASDAQ:LKQ) has “Positive” rating given on Friday, August 26 by Susquehanna. The firm has “Neutral” rating by Northcoast given on Tuesday, July 25. As per Tuesday, March 22, the company rating was maintained by Robert W. Baird. FBR Capital maintained the stock with “Buy” rating in Tuesday, December 12 report.

LKQ Corporation (NASDAQ:LKQ) Institutional Positions Chart

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