King Street Capital Management L.P. Acquires Shares of 393,292 Bally's Co. (NYSE:BALY)

King Street Capital Management L.P. purchased a new position in Bally's Co. (NYSE:BALY - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 393,292 shares of the company's stock, valued at approximately $6,784,000. Bally's accounts for about 4.5% of King Street Capital Management L.P.'s portfolio, making the stock its 7th biggest position. King Street Capital Management L.P. owned about 0.97% of Bally's as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the stock. Vestcor Inc bought a new stake in Bally's during the 3rd quarter valued at approximately $1,725,000. Barclays PLC lifted its stake in shares of Bally's by 63.7% in the 3rd quarter. Barclays PLC now owns 37,419 shares of the company's stock valued at $645,000 after purchasing an additional 14,567 shares during the period. Anson Funds Management LP bought a new stake in shares of Bally's during the third quarter valued at approximately $1,394,000. XTX Topco Ltd purchased a new stake in Bally's in the third quarter worth $381,000. Finally, Point72 DIFC Ltd bought a new position in Bally's in the third quarter worth $48,000. Institutional investors own 70.41% of the company's stock.

Bally's Stock Up 0.3 %

Shares of BALY stock traded up $0.05 during mid-day trading on Wednesday, reaching $17.81. 298,446 shares of the company's stock traded hands, compared to its average volume of 455,655. The company's 50-day moving average price is $17.62 and its 200-day moving average price is $15.83. The company has a market cap of $724.28 million, a P/E ratio of -1.18 and a beta of 2.06. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. Bally's Co. has a 12 month low of $9.74 and a 12 month high of $18.00.

About Bally's

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.