Capula Management Ltd Purchases Shares of 32,183 Bally's Co. (NYSE:BALY)

Capula Management Ltd acquired a new position in shares of Bally's Co. (NYSE:BALY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,183 shares of the company's stock, valued at approximately $576,000. Capula Management Ltd owned about 0.08% of Bally's as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. King Street Capital Management L.P. bought a new position in shares of Bally's during the third quarter worth approximately $6,784,000. Vestcor Inc bought a new position in Bally's during the 3rd quarter worth $1,725,000. Arrowstreet Capital Limited Partnership bought a new position in Bally's during the 4th quarter worth $1,505,000. JPMorgan Chase & Co. lifted its holdings in shares of Bally's by 131.7% during the fourth quarter. JPMorgan Chase & Co. now owns 94,979 shares of the company's stock worth $1,699,000 after buying an additional 53,978 shares in the last quarter. Finally, Yakira Capital Management Inc. boosted its position in shares of Bally's by 40.9% in the fourth quarter. Yakira Capital Management Inc. now owns 165,300 shares of the company's stock valued at $2,957,000 after acquiring an additional 47,943 shares during the period. 70.41% of the stock is currently owned by institutional investors and hedge funds.

Bally's Price Performance

Shares of NYSE BALY traded up $1.33 during trading hours on Friday, hitting $15.40. 34,250 shares of the stock were exchanged, compared to its average volume of 347,787. The company's fifty day simple moving average is $15.40 and its two-hundred day simple moving average is $16.93. The company has a market cap of $747.20 million, a PE ratio of -1.02 and a beta of 2.02. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. Bally's Co. has a 1-year low of $10.00 and a 1-year high of $18.98.

Bally's (NYSE:BALY - Get Free Report) last issued its earnings results on Monday, March 17th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of ($0.76) by $1.34. Bally's had a negative return on equity of 79.10% and a negative net margin of 30.04%. The firm had revenue of $580.37 million for the quarter, compared to the consensus estimate of $589.83 million. On average, sell-side analysts predict that Bally's Co. will post -7.26 EPS for the current year.

Wall Street Analyst Weigh In

BALY has been the subject of several analyst reports. Barclays dropped their price objective on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Citizens Jmp upgraded shares of Bally's to a "hold" rating in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus reduced 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, March 6th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Bally's presently has an average rating of "Hold" and an average price target of $17.13.

Bally's Profile

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.