Bally's Co. (NYSE:BALY - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $18.02 and last traded at $18.00, with a volume of 809724 shares trading hands. The stock had previously closed at $17.93.
Bally's Stock Up 0.4 %
The business's 50 day simple moving average is $17.78 and its 200-day simple moving average is $16.69. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The company has a market cap of $732.01 million, a price-to-earnings ratio of -1.20 and a beta of 2.04.
Institutional Investors Weigh In On Bally's
A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of Bally's by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 101,707 shares of the company's stock valued at $1,217,000 after purchasing an additional 1,064 shares during the period. Gabelli Funds LLC grew its stake in Bally's by 0.8% in the 2nd quarter. Gabelli Funds LLC now owns 171,000 shares of the company's stock valued at $2,047,000 after buying an additional 1,376 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in Bally's in the 3rd quarter worth $38,000. Point72 DIFC Ltd acquired a new position in Bally's during the 3rd quarter worth $48,000. Finally, Empowered Funds LLC boosted its holdings in Bally's by 5.3% during the third quarter. Empowered Funds LLC now owns 158,970 shares of the company's stock valued at $2,742,000 after acquiring an additional 8,040 shares during the period. 70.41% of the stock is currently owned by institutional investors.
About Bally's
(
Get 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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