Bally's Co. (NYSE:BALY - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $18.00 and last traded at $17.98, with a volume of 261845 shares. The stock had previously closed at $17.88.
Bally's Price Performance
The company's 50-day simple moving average is $17.73 and its 200-day simple moving average is $16.46. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. The company has a market cap of $730.38 million, a price-to-earnings ratio of -1.19 and a beta of 2.06.
Institutional Trading of Bally's
Several large investors have recently modified their holdings of the business. Alpine Associates Management Inc. bought a new stake in shares of Bally's in the third quarter worth $26,665,000. Alden Global Capital LLC increased its position in shares of Bally's by 63.6% in the 2nd quarter. Alden Global Capital LLC now owns 1,425,886 shares of the company's stock worth $17,068,000 after purchasing an additional 554,263 shares during the last quarter. Citigroup Inc. raised its stake in shares of Bally's by 8.8% in the 3rd quarter. Citigroup Inc. now owns 442,400 shares of the company's stock valued at $7,631,000 after purchasing an additional 35,901 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Bally's during the third quarter worth about $7,326,000. Finally, King Street Capital Management L.P. acquired a new position in Bally's in the third quarter worth about $6,784,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.
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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