Boyd Gaming sheds 9% to new low for the year; Sirios Capital reports stake in Boyd

Boyd Gaming Corporation (NYSE:BYD) is down more than 9% today to a 52-week low as the casino industry continues to feel the pressure of an unsteady economy, lower consumer spending and decreases in travel. Boyd is a Las Vegas-based gaming company. Its stock is down more than 75% since January when it was trading around $33 per share.

Ahead of the opening, Sirios Capital Management LP reported owning a 5.2% stake in Boyd, owning about 4.6 million shares, according to a Securities and Exchange Commission filing.

During the past 52 weeks, shares of Boyd Gaming have ranged from today’s low of $8.36, which the stock hit just after the opening bell, to a high of $54.22. In today’s trading, shares are at $8.40, down $0.88 from Thursday’s close.

For detailed price information and recent news stories about Boyd Gaming Corporation, click BYD.

---