UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Boyd Gaming Co. (NYSE:BYD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Boyd Gaming Co. (NYSE:BYD - Free Report) by 25.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,571 shares of the company's stock after buying an additional 32,020 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Boyd Gaming worth $11,575,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. CoreCap Advisors LLC grew its holdings in shares of Boyd Gaming by 91.0% during the fourth quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock valued at $42,000 after buying an additional 273 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Boyd Gaming in the 4th quarter valued at about $67,000. Investment Counsel Co. of Nevada acquired a new position in Boyd Gaming during the 4th quarter valued at about $73,000. Allworth Financial LP boosted its stake in Boyd Gaming by 2,735.1% during the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock valued at $79,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Boyd Gaming during the 4th quarter worth approximately $109,000. Institutional investors and hedge funds own 76.81% of the company's stock.

Boyd Gaming Stock Performance

BYD traded down $0.87 during trading hours on Wednesday, hitting $73.78. The stock had a trading volume of 563,105 shares, compared to its average volume of 932,770. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The stock has a market cap of $6.01 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a 1 year low of $51.62 and a 1 year high of $80.50. The company's fifty day simple moving average is $69.40 and its 200 day simple moving average is $72.00.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.10. The company had revenue of $991.57 million for the quarter, compared to analyst estimates of $976.38 million. Boyd Gaming had a return on equity of 35.97% and a net margin of 14.70%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. Equities analysts anticipate that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.98%. Boyd Gaming's dividend payout ratio (DPR) is presently 11.75%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley cut their target price on Boyd Gaming from $75.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Boyd Gaming in a report on Friday, February 7th. Susquehanna upped their target price on shares of Boyd Gaming from $75.00 to $76.00 and gave the stock a "positive" rating in a research note on Friday, April 25th. Wall Street Zen lowered shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Finally, Truist Financial cut their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Boyd Gaming has a consensus rating of "Moderate Buy" and an average target price of $79.67.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.