Bally's Co. (NYSE:BALY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $15.70, but opened at $16.09. Bally's shares last traded at $15.73, with a volume of 230 shares.
Bally's Price Performance
The firm has a market cap of $640.91 million, a P/E ratio of -1.05 and a beta of 2.05. The business has a 50-day simple moving average of $17.72 and a 200 day simple moving average of $17.51. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56.
Institutional Trading of Bally's
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in Bally's by 7.0% in the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after buying an additional 624 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Bally's by 120.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company's stock worth $707,000 after acquiring an additional 22,425 shares in the last quarter. Barclays PLC lifted its position in Bally's by 63.7% during the 3rd quarter. Barclays PLC now owns 37,419 shares of the company's stock valued at $645,000 after acquiring an additional 14,567 shares during the period. King Street Capital Management L.P. bought a new stake in Bally's during the third quarter worth about $6,784,000. Finally, Vestcor Inc purchased a new stake in Bally's in the third quarter worth about $1,725,000. Institutional investors own 70.41% of the company's stock.
Bally's Company Profile
(
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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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