Bally's Co. (NYSE:BALY - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 5,000 shares, a drop of 26.5% from the February 13th total of 6,800 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.
Bally's Stock Up 9.9 %
Shares of NYSE:BALY traded up $1.62 during trading on Thursday, reaching $17.87. 36,257 shares of the company traded hands, compared to its average volume of 363,384. The firm has a fifty day simple moving average of $16.96 and a 200 day simple moving average of $17.36. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. Bally's has a 1-year low of $10.00 and a 1-year high of $18.98. The firm has a market cap of $864.67 million, a P/E ratio of -1.19 and a beta of 2.14.
Bally's (NYSE:BALY - Get Free Report) last posted its earnings results on Monday, March 17th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.76) by $1.34. Bally's had a negative net margin of 30.04% and a negative return on equity of 79.10%. The firm had revenue of $580.37 million during the quarter, compared to analysts' expectations of $589.83 million. Analysts anticipate that Bally's will post -7.26 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on BALY shares. Barclays lowered their target price on Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Stifel Nicolaus lowered their price objective on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $17.13.
View Our Latest Stock Report on BALY
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Bally's in the third quarter worth $38,000. Point72 DIFC Ltd acquired a new stake in Bally's in the 3rd quarter worth $48,000. BNP Paribas Financial Markets bought a new position in shares of Bally's during the 4th quarter worth about $58,000. SG Americas Securities LLC raised its position in shares of Bally's by 7.0% during the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock valued at $170,000 after buying an additional 624 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Bally's in the fourth quarter valued at about $196,000. Institutional investors and hedge funds own 70.41% of the company's stock.
About Bally's
(
Get Free Report)
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.
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