Vanguard Trims Boyd Gaming Stake to 12.08%

TL;DR

**Vanguard just cut its stake in Boyd Gaming to 12.08%, watch for potential ripple effects.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, updating its beneficial ownership in Boyd Gaming Corp. As of December 29, 2023, Vanguard reported owning 12,086,114 shares of Boyd Gaming's Common Stock, representing 12.08% of the company. This filing indicates a slight decrease in Vanguard's stake from its previous report, which could signal a minor rebalancing of their portfolio rather than a strong bearish or bullish signal, but it's important for investors to note the change in a significant institutional holder's position.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, has slightly reduced its ownership in Boyd Gaming, which could influence investor sentiment and stock price if other large investors follow suit.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically doesn't pose a significant immediate risk to the company or its stock.

Analyst Insight

Investors should monitor future institutional filings for Boyd Gaming to see if other major holders are also adjusting their positions, which could indicate a broader trend. This specific filing, however, is a minor adjustment by a passive investor.

Key Numbers

• 12,086,114 — Shares Beneficially Owned (The total number of Boyd Gaming Common Stock shares held by The Vanguard Group as of December 29, 2023.)
• 12.08% — Percentage of Class (The percentage of Boyd Gaming's Common Stock that The Vanguard Group beneficially owns.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Boyd Gaming Corp (company) — the subject company whose securities are being reported
• 12,086,114 shares (dollar_amount) — the number of shares beneficially owned by Vanguard
• 12.08% (dollar_amount) — the percentage of Boyd Gaming's common stock owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Vanguard's slight reduction in stake suggests a minor portfolio rebalancing rather than a strong directional bet. (The Vanguard Group) — medium confidence, target: N/A

FAQ

From the Filing

0001104659-24-020461.txt : 20240213 0001104659-24-020461.hdr.sgml : 20240213 20240213170046 ACCESSION NUMBER: 0001104659-24-020461 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BOYD GAMING CORP CENTRAL INDEX KEY: 0000906553 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 880242733 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48189 FILM NUMBER: 24627616 BUSINESS ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 BUSINESS PHONE: 7027927200 MAIL ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 FORMER COMPANY: FORMER CONFORMED NAME: BOYD GROUP DATE OF NAME CHANGE: 19941130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0464-boydgamingcorp.htm SCHEDULE 13G/A boydgamingcorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 8)* Name of issuer:  Boyd Gaming Corp Title of Class of Securities:  Common Stock CUSIP Number:  103304101 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  103304101 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 33,769 7.  SOLE DISPOSITIVE POWER 7,331,153 8.  SHARED DISPOSITIVE POWER 103,226 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,434,379 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.60% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Boyd Gaming Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 6465 South Rainbow Boulevard Las Vegas, NV 89118 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securit