Bally's Co. (NYSE:BALY - Get Free Report) shares rose 4.9% during trading on Monday . The stock traded as high as $12.63 and last traded at $12.72. Approximately 2,993 shares were traded during trading, a decline of 99% from the average daily volume of 398,308 shares. The stock had previously closed at $12.12.
Analyst Upgrades and Downgrades
BALY has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Barclays lowered their target price 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. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.13.
Get Our Latest Research Report on Bally's
Bally's Stock Down 7.7 %
The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The firm has a market capitalization of $685.24 million, a price-to-earnings ratio of -1.12 and a beta of 2.05. The business's 50 day moving average is $17.03 and its 200-day moving average is $17.36.
Institutional Trading of Bally's
Several hedge funds and other institutional investors have recently bought and sold shares of BALY. Longfellow Investment Management Co. LLC acquired a new stake in Bally's in the 3rd quarter worth $38,000. Point72 DIFC Ltd acquired a new stake in Bally's in the 3rd quarter worth $48,000. BNP Paribas Financial Markets acquired a new stake in Bally's in the 4th quarter worth $58,000. SG Americas Securities LLC grew its position in Bally's by 7.0% in the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after purchasing an additional 624 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Bally's in the 4th quarter worth $196,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.
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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