Gamco Investors INC. ET AL Sells 15,258 Shares of Bally's Co. (NYSE:BALY)

Gamco Investors INC. ET AL decreased its stake in Bally's Co. (NYSE:BALY - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,666 shares of the company's stock after selling 15,258 shares during the period. Gamco Investors INC. ET AL owned 0.43% of Bally's worth $3,107,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BALY. Alliancebernstein L.P. grew its stake in Bally's by 6.3% during the fourth quarter. Alliancebernstein L.P. now owns 379,812 shares of the company's stock valued at $6,795,000 after acquiring an additional 22,573 shares in the last quarter. Gabelli Funds LLC grew its stake in Bally's by 7.5% during the fourth quarter. Gabelli Funds LLC now owns 369,934 shares of the company's stock valued at $6,618,000 after acquiring an additional 25,786 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Bally's by 30.3% during the fourth quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company's stock valued at $3,099,000 after acquiring an additional 40,250 shares in the last quarter. Yakira Capital Management Inc. grew its stake in Bally's by 40.9% during 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 in the last quarter. Finally, Invesco Ltd. grew its stake in Bally's by 2.3% during the fourth quarter. Invesco Ltd. now owns 141,584 shares of the company's stock valued at $2,533,000 after acquiring an additional 3,125 shares in the last quarter. Institutional investors own 70.41% of the company's stock.

Bally's Price Performance

Shares of NYSE:BALY traded down $0.61 during trading on Wednesday, hitting $16.14. 6,362 shares of the company's stock were exchanged, compared to its average volume of 28,847. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. Bally's Co. has a 52-week low of $10.00 and a 52-week high of $23.20. The business's 50-day simple moving average is $15.40 and its 200 day simple moving average is $16.90. The company has a market cap of $782.95 million, a price-to-earnings ratio of -1.07 and a beta of 2.02.

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

Analysts Set New Price Targets

A number of research firms recently commented on BALY. Stifel Nicolaus reduced their target price on Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Citizens Jmp raised Bally's to a "hold" rating in a research note on Tuesday, March 18th. Finally, Barclays reduced their target price on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.13.

Bally's Company 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.