Shares of Bally's Co. (NYSE:BALY - Get Free Report) dropped 5.7% on Monday . The stock traded as low as $17.21 and last traded at $17.21. Approximately 4,249 shares were traded during trading, a decline of 99% from the average daily volume of 362,324 shares. The stock had previously closed at $18.25.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Citizens Jmp raised shares of Bally's to a "hold" rating in a research report on Tuesday, March 18th. Barclays dropped their price target on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Finally, Stifel Nicolaus reduced 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. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $17.13.
Read Our Latest Analysis on Bally's
Bally's Trading Down 0.2 %
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 has a 50-day moving average of $16.73 and a 200 day moving average of $17.31. The stock has a market capitalization of $611.95 million, a price-to-earnings ratio of -0.84 and a beta of 2.14.
Bally's (NYSE:BALY - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 predict that Bally's Co. will post -7.26 EPS for the current fiscal year.
Institutional Investors Weigh In On Bally's
Large investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in Bally's during the 3rd quarter worth about $48,000. BNP Paribas Financial Markets acquired a new stake in shares of Bally's during the fourth quarter valued at approximately $58,000. SG Americas Securities LLC lifted its position 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 acquiring an additional 624 shares in the last quarter. Intech Investment Management LLC purchased a new position in Bally's during the 4th quarter worth approximately $196,000. Finally, Two Sigma Advisers LP acquired a new stake in Bally's during the 4th quarter valued at $250,000. 70.41% of the stock is owned by institutional investors.
Bally's Company Profile
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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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