Bally's Co. (NYSE:BALY - Get Free Report)'s share price rose 4.5% on Tuesday . The stock traded as high as $16.64 and last traded at $17.16. Approximately 350 shares were traded during trading, a decline of 100% from the average daily volume of 406,498 shares. The stock had previously closed at $16.42.
Analysts Set New Price Targets
Separately, Stifel Nicolaus lowered their target price on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.29.
Check Out Our Latest Analysis on BALY
Bally's Stock Down 2.6 %
The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. The firm's 50-day moving average price is $17.02 and its 200 day moving average price is $17.33. The firm has a market cap of $496.34 million, a P/E ratio of -0.81 and a beta of 2.05.
Hedge Funds Weigh In On Bally's
Several large investors have recently modified their holdings of the stock. Vestcor Inc lifted its position in shares of Bally's by 0.6% during the fourth quarter. Vestcor Inc now owns 100,594 shares of the company's stock worth $1,800,000 after purchasing an additional 594 shares during the last quarter. 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 acquiring an additional 624 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Bally's by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 14,055 shares of the company's stock worth $251,000 after acquiring an additional 860 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in Bally's in the third quarter worth about $38,000. Finally, Point72 DIFC Ltd bought a new position in Bally's in the third quarter worth about $48,000. 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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