Arrowstreet Capital Limited Partnership Buys New Stake in Bally's Co. (NYSE:BALY)

Arrowstreet Capital Limited Partnership bought a new position in shares of Bally's Co. (NYSE:BALY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,115 shares of the company's stock, valued at approximately $1,505,000. Arrowstreet Capital Limited Partnership owned about 0.21% of Bally's at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Bally's by 131.7% in the 4th quarter. JPMorgan Chase & Co. now owns 94,979 shares of the company's stock valued at $1,699,000 after acquiring an additional 53,978 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Bally's by 58.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,000 shares of the company's stock valued at $1,700,000 after purchasing an additional 35,000 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Bally's in the fourth quarter valued at approximately $196,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Bally's by 54.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 84,761 shares of the company's stock valued at $1,513,000 after purchasing an additional 30,000 shares during the period. Finally, Vestcor Inc lifted its stake in shares of Bally's by 0.6% in the fourth quarter. Vestcor Inc now owns 100,594 shares of the company's stock worth $1,800,000 after buying an additional 594 shares during the last quarter. 70.41% of the stock is currently owned by institutional investors.

Bally's Stock Performance

Shares of NYSE:BALY traded up $0.05 on Thursday, hitting $16.31. 566 shares of the company were exchanged, compared to its average volume of 342,874. Bally's Co. has a one year low of $10.00 and a one year high of $19.50. The firm has a market capitalization of $791.20 million, a price-to-earnings ratio of -1.09 and a beta of 2.02. The company's 50 day moving average price is $15.25 and its two-hundred day moving average price is $16.90. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56.

Bally's (NYSE:BALY - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of ($0.76) by $1.34. The company had revenue of $580.37 million during the quarter, compared to the consensus estimate of $589.83 million. Bally's had a negative return on equity of 79.10% and a negative net margin of 30.04%. Research analysts expect that Bally's Co. will post -7.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BALY shares. Citizens Jmp upgraded shares of Bally's to a "hold" rating in a research note on Tuesday, March 18th. Stifel Nicolaus lowered their price target on Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Finally, Barclays dropped their price objective on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.13.

About Bally's

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.