UBS Asset Management Americas Inc. Holds Position in Boyd Gaming Corp. (BYD)
UBS Asset Management Americas Inc. held its stake in Boyd Gaming Corp. (NYSE:BYD) during the second quarter, according to its most recent filing with the SEC. The fund owned 59,472 shares of the company’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned 0.05% of Boyd Gaming Corp. worth $1,094,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Boyd Gaming Corp. by 81.4% in the first quarter. BlackRock Inc. now owns 5,589 shares of the company’s stock valued at $115,000 after buying an additional 2,508 shares during the last quarter. Scout Investments Inc. bought a new stake in Boyd Gaming Corp. during the second quarter valued at approximately $249,000. Quadrature Capital Ltd bought a new stake in Boyd Gaming Corp. during the first quarter valued at approximately $300,000. Royal Bank of Canada boosted its stake in Boyd Gaming Corp. by 51.0% in the first quarter. Royal Bank of Canada now owns 17,503 shares of the company’s stock valued at $362,000 after buying an additional 5,908 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Boyd Gaming Corp. by 1.7% in the second quarter. Nisa Investment Advisors LLC now owns 27,350 shares of the company’s stock valued at $503,000 after buying an additional 450 shares during the period. 73.63% of the stock is owned by institutional investors.
Boyd Gaming Corp. (NYSE:BYD) opened at 19.00 on Monday. The stock’s 50 day moving average is $19.31 and its 200-day moving average is $19.34. Boyd Gaming Corp. has a 12 month low of $14.22 and a 12 month high of $21.43. The company has a market capitalization of $2.13 billion, a PE ratio of 26.50 and a beta of 1.86.
Boyd Gaming Corp. (NYSE:BYD) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.14. Boyd Gaming Corp. had a net margin of 3.74% and a return on equity of 18.90%. The firm earned $544.90 million during the quarter, compared to analysts’ expectations of $561.27 million. During the same period in the previous year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect that Boyd Gaming Corp. will post $0.80 EPS for the current year.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Boyd Gaming Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, October 4th. Telsey Advisory Group decreased their price target on shares of Boyd Gaming Corp. from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Boyd Gaming Corp. in a research note on Sunday, June 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.45.
In other Boyd Gaming Corp. news, insider Robert L. Boughner sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $19.81, for a total transaction of $990,500.00. Following the completion of the transaction, the insider now owns 144,560 shares of the company’s stock, valued at $2,863,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marianne Boyd Johnson sold 89,360 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $19.83, for a total value of $1,772,008.80. Following the transaction, the executive vice president now directly owns 276,589 shares of the company’s stock, valued at approximately $5,484,759.87. The disclosure for this sale can be found here. Company insiders own 29.67% of the company’s stock.
About Boyd Gaming Corp.
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates through five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata. The Las Vegas Locals Properties segment consists of Gold Coast Hotel and Casino, The Orleans Hotel and Casino, Sam’s Town Hotel and Gambling Hall, Suncoast Hotel and Casino, and Eldorado Casino and Jokers Wild Casino.
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