Bally's (NYSE:BALY - Free Report) had its price target lowered by Stifel Nicolaus from $17.00 to $14.00 in a report issued on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.
Bally's Price Performance
BALY stock traded down $0.33 during mid-day trading on Thursday, reaching $12.21. 9,150 shares of the company's stock were exchanged, compared to its average volume of 399,902. The company has a market cap of $496.34 million, a price-to-earnings ratio of -0.81 and a beta of 2.05. The stock's 50 day moving average is $17.02 and its 200 day moving average is $17.34. Bally's has a 12-month low of $10.00 and a 12-month high of $18.38. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.
Hedge Funds Weigh In On Bally's
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP purchased a new position in shares of Bally's in the fourth quarter valued at approximately $250,000. Man Group plc purchased a new position in shares of Bally's in the fourth quarter valued at approximately $5,187,000. K2 Principal Fund L.P. purchased a new position in shares of Bally's in the fourth quarter valued at approximately $1,262,000. Eisler Capital Management Ltd. purchased a new position in shares of Bally's in the fourth quarter valued at approximately $4,699,000. Finally, Deutsche Bank AG lifted its position in shares of Bally's by 49.1% in the fourth quarter. Deutsche Bank AG now owns 22,715 shares of the company's stock valued at $406,000 after acquiring an additional 7,485 shares in the last quarter. Hedge funds and other institutional investors own 70.41% of the company's stock.
Bally's Company Profile
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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.
Further Reading
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