Bally's Co. (NYSE:BALY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $18.08 and last traded at $17.98, with a volume of 540441 shares trading hands. The stock had previously closed at $17.97.
Bally's Price Performance
The firm has a market cap of $732.01 million, a price-to-earnings ratio of -1.20 and a beta of 2.04. 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's fifty day moving average price is $17.81 and its 200-day moving average price is $16.89.
Institutional Investors Weigh In On Bally's
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Associates Management Inc. acquired a new stake in shares of Bally's during the 3rd quarter worth about $26,665,000. Alden Global Capital LLC raised its position in Bally's by 63.6% in the second quarter. Alden Global Capital LLC now owns 1,425,886 shares of the company's stock valued at $17,068,000 after purchasing an additional 554,263 shares during the period. Citigroup Inc. lifted its stake in Bally's by 8.8% during the 3rd quarter. Citigroup Inc. now owns 442,400 shares of the company's stock worth $7,631,000 after acquiring an additional 35,901 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Bally's in the third quarter valued at approximately $7,326,000. Finally, King Street Capital Management L.P. purchased a new stake in Bally's during the 3rd quarter worth approximately $6,784,000. Institutional investors and hedge funds own 70.41% of the company's stock.
Bally's Company Profile
(
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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