Oxford Asset Management LLP Buys New Stake in Bally's Co. (NYSE:BALY)

Oxford Asset Management LLP acquired a new stake in Bally's Co. (NYSE:BALY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 35,929 shares of the company's stock, valued at approximately $643,000. Oxford Asset Management LLP owned about 0.09% of Bally's at the end of the most recent quarter.

Several other large investors have also modified their holdings of BALY. SG Americas Securities LLC boosted its stake in Bally's by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after purchasing an additional 624 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Bally's during the fourth quarter worth about $196,000. Wells Fargo & Company MN grew its holdings in shares of Bally's by 6.5% during the fourth quarter. Wells Fargo & Company MN now owns 14,055 shares of the company's stock worth $251,000 after buying an additional 860 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Bally's in the 4th quarter valued at about $401,000. Finally, Virtu Financial LLC purchased a new stake in Bally's during the 3rd quarter valued at approximately $482,000. 70.41% of the stock is owned by institutional investors and hedge funds.

Bally's Price Performance

BALY traded down $0.03 on Tuesday, hitting $12.73. 40,160 shares of the company were exchanged, compared to its average volume of 328,237. The business's fifty day moving average is $15.24 and its 200 day moving average is $16.80. Bally's Co. has a fifty-two week low of $10.00 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The firm has a market capitalization of $617.68 million, a P/E ratio of -0.85 and a beta of 2.02.

Bally's (NYSE:BALY - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.76) by $1.34. The firm 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, sell-side analysts anticipate that Bally's Co. will post -7.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays dropped their target price on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a report 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 lowered their target price on shares of Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Bally's has an average rating of "Hold" and a consensus target price 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.