Bally's Co. (NYSE:BALY - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.29.
Several research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday. Barclays reduced their price objective on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday.
Read Our Latest Stock Analysis on BALY
Bally's Trading Up 4.9 %
Bally's stock traded up $0.60 during mid-day trading on Thursday, hitting $12.72. The stock had a trading volume of 2,590 shares, compared to its average volume of 398,307. The stock has a 50-day simple moving average of $17.02 and a two-hundred day simple moving average of $17.34. 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 stock has a market capitalization of $517.08 million, a PE ratio of -0.84 and a beta of 2.05. Bally's has a 12 month low of $10.00 and a 12 month high of $18.38.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of BALY. Longfellow Investment Management Co. LLC bought a new position in shares of Bally's during the third quarter worth $38,000. Point72 DIFC Ltd acquired a new stake in Bally's during the 3rd quarter worth $48,000. BNP Paribas Financial Markets acquired a new position in Bally's in the fourth quarter valued at about $58,000. SG Americas Securities LLC increased its holdings 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 acquiring an additional 624 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Bally's during the fourth quarter worth about $196,000. Institutional investors and hedge funds own 70.41% of the company's stock.
Bally's Company Profile
(
Get Free ReportBally'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.
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