Glazer Capital LLC bought a new position in shares of Bally's Co. (NYSE:BALY - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 253,262 shares of the company's stock, valued at approximately $4,369,000. Glazer Capital LLC owned 0.62% of Bally's at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC purchased a new position in Bally's in the third quarter valued at approximately $38,000. Quest Partners LLC bought a new position in shares of Bally's during the 2nd quarter worth $131,000. SG Americas Securities LLC purchased a new stake in Bally's in the 3rd quarter worth about $153,000. Pekin Hardy Strauss Inc. purchased a new stake in Bally's in the 2nd quarter worth about $217,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Bally's by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,132 shares of the company's stock valued at $281,000 after acquiring an additional 1,394 shares during the period. 70.41% of the stock is owned by hedge funds and other institutional investors.
Bally's Stock Performance
NYSE:BALY traded down $0.03 on Friday, reaching $17.73. 162,873 shares of the company's stock were exchanged, compared to its average volume of 468,485. The firm has a market cap of $721.03 million, a price-to-earnings ratio of -1.18 and a beta of 2.07. 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 stock has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $15.58. Bally's Co. has a 52 week low of $9.74 and a 52 week high of $18.00.
Bally's Profile
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Free Report)
Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.
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