Healthcare of Ontario Pension Plan Trust Fund Acquires New Holdings in Bally's Co. (NYSE:BALY)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Bally's Co. (NYSE:BALY - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 424,715 shares of the company's stock, valued at approximately $7,326,000. Healthcare of Ontario Pension Plan Trust Fund owned 1.04% of Bally's at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Bally's during the 3rd quarter valued at $431,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Bally's in the third quarter valued at about $38,000. Algert Global LLC boosted its stake in Bally's by 21.3% in the 3rd quarter. Algert Global LLC now owns 79,033 shares of the company's stock worth $1,363,000 after purchasing an additional 13,857 shares during the period. Citigroup Inc. boosted its position in shares of Bally's by 8.8% during the third quarter. Citigroup Inc. now owns 442,400 shares of the company's stock worth $7,631,000 after acquiring an additional 35,901 shares during the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in shares of Bally's during the third quarter valued at about $26,665,000. Institutional investors own 70.41% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their target price on Bally's from $13.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Bally's currently has an average rating of "Hold" and a consensus price target of $17.14.

Bally's Trading Down 0.2 %

Bally's stock traded down $0.03 during midday trading on Friday, hitting $17.73. 162,873 shares of the stock were exchanged, compared to its average volume of 464,747. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The stock's 50-day simple moving average is $17.54 and its 200 day simple moving average is $15.56. Bally's Co. has a fifty-two week low of $9.74 and a fifty-two week high of $18.00. The stock has a market capitalization of $721.08 million, a price-to-earnings ratio of -1.18 and a beta of 2.07.

Bally's Profile

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.