Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.70 Million Holdings in Bally's Co. (NYSE:BALY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Bally's Co. (NYSE:BALY - Free Report) by 58.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,000 shares of the company's stock after purchasing an additional 35,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.23% of Bally's worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in Bally's in the 3rd quarter worth approximately $48,000. SG Americas Securities LLC lifted its stake in shares of Bally's by 7.0% in the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after buying an additional 624 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Bally's in the fourth quarter worth $196,000. Quest Partners LLC boosted its holdings in shares of Bally's by 78.9% during the 3rd quarter. Quest Partners LLC now owns 19,517 shares of the company's stock worth $337,000 after buying an additional 8,608 shares during the period. Finally, XTX Topco Ltd acquired a new position in Bally's in the 3rd quarter valued at $381,000. Institutional investors and hedge funds own 70.41% of the company's stock.

Analyst Upgrades and Downgrades

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

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Bally's Stock Performance

Shares of NYSE BALY traded down $0.76 during mid-day trading on Friday, hitting $11.88. The company had a trading volume of 26,535 shares, compared to its average volume of 362,359. Bally's Co. has a 12 month low of $10.00 and a 12 month high of $18.98. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. The firm has a market cap of $576.20 million, a P/E ratio of -0.79 and a beta of 2.14. The business's 50-day simple moving average is $16.61 and its 200-day simple moving average is $17.28.

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%. As a group, analysts predict that Bally's Co. will post -7.26 earnings per share for the current fiscal year.

Bally's Company 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.