Proficio Capital Partners LLC Takes $401,000 Position in Bally's Co. (NYSE:BALY)

Proficio Capital Partners LLC acquired a new position in Bally's Co. (NYSE:BALY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,434 shares of the company's stock, valued at approximately $401,000. Proficio Capital Partners LLC owned about 0.06% of Bally's at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its stake in shares of Bally's by 30.3% during the fourth quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company's stock valued at $3,099,000 after acquiring an additional 40,250 shares in the last quarter. Alberta Investment Management Corp grew its holdings in shares of Bally's by 54.0% during the fourth quarter. Alberta Investment Management Corp now owns 38,503 shares of the company's stock valued at $689,000 after buying an additional 13,503 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Bally's by 7.0% in the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock valued at $170,000 after purchasing an additional 624 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Bally's by 120.7% in the third quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company's stock valued at $707,000 after purchasing an additional 22,425 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Bally's in the third quarter valued at $482,000. Institutional investors own 70.41% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. Barclays dropped their price target on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bally's has an average rating of "Hold" and an average price target of $17.13.

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Bally's Trading Down 7.8 %

BALY traded down $1.43 during trading on Friday, hitting $16.83. 22,580 shares of the company's stock were exchanged, compared to its average volume of 374,624. Bally's Co. has a 1 year low of $10.00 and a 1 year high of $18.98. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The firm has a market cap of $684.22 million, a P/E ratio of -1.12 and a beta of 2.05. The stock has a 50 day moving average price of $17.03 and a 200 day moving average price of $17.36.

Bally's Profile

Bally's Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.