Bally's Co. (NYSE:BALY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 481,497 shares traded hands during mid-day trading, an increase of 82% from the previous session's volume of 264,858 shares.The stock last traded at $17.98 and had previously closed at $17.93.
Bally's Trading Up 0.4 %
The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The stock has a market capitalization of $732.01 million, a price-to-earnings ratio of -1.20 and a beta of 2.04. The company's 50-day moving average is $17.77 and its 200-day moving average is $16.68.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of BALY. Bank of New York Mellon Corp boosted its position in shares of Bally's by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 101,707 shares of the company's stock worth $1,217,000 after buying an additional 1,064 shares during the period. Quest Partners LLC purchased a new position in Bally's during the 2nd quarter valued at about $131,000. Dimensional Fund Advisors LP grew its position in Bally's by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 333,680 shares of the company's stock valued at $3,994,000 after acquiring an additional 28,590 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Bally's during the second quarter worth about $560,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Bally's in the second quarter valued at approximately $217,000. Institutional investors and hedge funds own 70.41% of the company's stock.
Bally's Company Profile
(
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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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