Bally's Co. (NYSE:BALY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $17.00, but opened at $16.50. Bally's shares last traded at $16.45, with a volume of 1,803 shares changing hands.
Analysts Set New Price Targets
Separately, Stifel Nicolaus decreased their price target on Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.29.
View Our Latest Report on Bally's
Bally's Stock Down 2.6 %
The firm has a 50 day simple moving average of $17.02 and a two-hundred day simple moving average of $17.34. 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 $496.34 million, a P/E ratio of -0.81 and a beta of 2.05.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BALY. Wolverine Asset Management LLC raised its position in Bally's by 39.8% in the third quarter. Wolverine Asset Management LLC now owns 132,988 shares of the company's stock valued at $2,294,000 after purchasing an additional 37,876 shares during the last quarter. Empowered Funds LLC raised its holdings in Bally's by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 158,970 shares of the company's stock valued at $2,742,000 after buying an additional 8,040 shares during the last quarter. Quest Partners LLC boosted its position in Bally's by 78.9% during the 3rd quarter. Quest Partners LLC now owns 19,517 shares of the company's stock worth $337,000 after buying an additional 8,608 shares during the period. Alpine Associates Management Inc. bought a new stake in Bally's during the 3rd quarter worth approximately $26,665,000. Finally, Citigroup Inc. increased its position in 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 acquiring an additional 35,901 shares during the period. Institutional investors own 70.41% of the company's stock.
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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