Anson Funds Management LP acquired a new position in shares of Bally's Co. (NYSE:BALY - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 80,793 shares of the company's stock, valued at approximately $1,394,000. Anson Funds Management LP owned 0.20% of Bally's at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC purchased a new position in shares of Bally's during the 3rd quarter worth approximately $38,000. Point72 DIFC Ltd purchased a new position in shares of Bally's during the 3rd quarter worth approximately $48,000. Quest Partners LLC purchased a new position in shares of Bally's during the 2nd quarter worth approximately $131,000. SG Americas Securities LLC purchased a new position in shares of Bally's during the 3rd quarter worth approximately $153,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Bally's during the 2nd quarter worth approximately $217,000. 70.41% of the stock is owned by institutional investors and hedge funds.
Bally's Stock Performance
Shares of BALY stock traded down $0.06 during trading hours on Friday, reaching $17.74. 132,049 shares of the company's stock were exchanged, compared to its average volume of 406,948. The company has a market cap of $721.49 million, a P/E ratio of -1.18 and a beta of 2.06. The company's 50 day moving average is $17.60 and its two-hundred day moving average is $15.73. Bally's Co. has a 1 year low of $9.74 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.
Bally's Company Profile
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Free Report)
Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.
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