Bally's Co. (NYSE:BALY - Get Free Report) was down 2.9% during trading on Monday . The company traded as low as $15.01 and last traded at $15.01. Approximately 1,653 shares traded hands during trading, a decline of 100% from the average daily volume of 346,403 shares. The stock had previously closed at $15.46.
Wall Street Analysts Forecast Growth
BALY has been the topic of a number of research reports. Barclays cut their price target on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Stifel Nicolaus cut their price objective on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a report on Thursday, March 6th. Finally, Citizens Jmp raised shares of Bally's to a "hold" rating in a research report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.13.
Check Out Our Latest Report on BALY
Bally's Trading Up 11.2 %
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 firm's 50-day moving average price is $15.32 and its 200 day moving average price is $16.91. The company has a market cap of $876.96 million, a price-to-earnings ratio of -1.20 and a beta of 2.02.
Bally's (NYSE:BALY - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of ($0.76) by $1.34. The business had revenue of $580.37 million for the quarter, compared to analysts' expectations of $589.83 million. Bally's had a negative net margin of 30.04% and a negative return on equity of 79.10%. As a group, equities analysts expect that Bally's Co. will post -7.26 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of BALY. Regatta Capital Group LLC bought a new stake in shares of Bally's during the 1st quarter valued at $780,000. Two Sigma Advisers LP bought a new stake in shares of Bally's during the fourth quarter valued at about $250,000. Man Group plc purchased a new stake in shares of Bally's in the fourth quarter worth about $5,187,000. K2 Principal Fund L.P. bought a new position in shares of Bally's in the fourth quarter valued at approximately $1,262,000. Finally, Eisler Capital Management Ltd. purchased a new position in Bally's during the fourth quarter valued at approximately $4,699,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.
About Bally's
(
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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