Bally's Co. (NYSE:BALY - Get Free Report) dropped 13.6% during trading on Tuesday after Barclays lowered their price target on the stock from $18.00 to $14.00. Barclays currently has an equal weight rating on the stock. Bally's traded as low as $15.71 and last traded at $14.95. Approximately 21,940 shares were traded during trading, a decline of 94% from the average daily volume of 397,150 shares. The stock had previously closed at $17.30.
Separately, Stifel Nicolaus lowered their price target on shares of Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.13.
Get Our Latest Report on Bally's
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vestcor Inc grew its position in shares of Bally's by 0.6% during the 4th quarter. Vestcor Inc now owns 100,594 shares of the company's stock valued at $1,800,000 after acquiring an additional 594 shares during the period. SG Americas Securities LLC grew 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 valued at $170,000 after purchasing an additional 624 shares during the period. Wells Fargo & Company MN increased its position in shares of Bally's by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 14,055 shares of the company's stock valued at $251,000 after buying an additional 860 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Bally's in the third quarter valued at approximately $38,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Bally's during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 70.41% of the company's stock.
Bally's Stock Down 11.6 %
The business has a 50-day moving average price of $17.01 and a 200-day moving average price of $17.34. The stock has a market cap of $622.00 million, a PE ratio of -1.02 and a beta of 2.05. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bally's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bally's wasn't on the list.
While Bally's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
