Bally's Co. (NYSE:BALY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.83 and last traded at $18.44, with a volume of 121951 shares changing hands. The stock had previously closed at $17.30.
Analysts Set New Price Targets
A number of analysts recently commented on BALY shares. 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 report on Thursday, March 6th. Barclays dropped their price target on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.13.
Check Out Our Latest Stock Report on BALY
Bally's Price Performance
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 capitalization of $749.90 million, a price-to-earnings ratio of -1.22 and a beta of 2.05. The company has a 50-day moving average price of $17.02 and a 200-day moving average price of $17.35.
Institutional Investors Weigh In On Bally's
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Bally's by 7.0% in the 4th 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 period. JPMorgan Chase & Co. raised its position in shares of Bally's by 120.7% during the third quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company's stock worth $707,000 after purchasing an additional 22,425 shares during the period. Wolverine Asset Management LLC grew its position in shares of Bally's by 30.3% in the 4th quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company's stock valued at $3,099,000 after purchasing an additional 40,250 shares during the period. Barclays PLC lifted its stake in Bally's by 63.7% in the third quarter. Barclays PLC now owns 37,419 shares of the company's stock valued at $645,000 after buying an additional 14,567 shares in the last quarter. Finally, King Street Capital Management L.P. acquired a new position in shares of Bally's in the third quarter valued at approximately $6,784,000. Institutional investors own 70.41% of the company's stock.
Bally's Company Profile
(
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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