State Street Corp reduced its position in shares of Bally's Co. (NYSE:BALY - Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 599,002 shares of the company's stock after selling 66,171 shares during the period. State Street Corp owned about 1.47% of Bally's worth $10,333,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Bally's by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 101,707 shares of the company's stock valued at $1,217,000 after purchasing an additional 1,064 shares during the period. Gabelli Funds LLC boosted its stake in shares of Bally's by 0.8% in the 2nd quarter. Gabelli Funds LLC now owns 171,000 shares of the company's stock valued at $2,047,000 after buying an additional 1,376 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in shares of Bally's during the third quarter worth about $38,000. Point72 DIFC Ltd purchased a new stake in shares of Bally's during the third quarter worth approximately $48,000. Finally, Empowered Funds LLC raised its holdings in Bally's by 5.3% in the third quarter. Empowered Funds LLC now owns 158,970 shares of the company's stock valued at $2,742,000 after acquiring an additional 8,040 shares in the last quarter. 70.41% of the stock is owned by institutional investors and hedge funds.
Bally's Stock Up 0.5 %
NYSE BALY traded up $0.08 on Friday, hitting $17.83. 161,276 shares of the stock were exchanged, compared to its average volume of 442,602. Bally's Co. has a fifty-two week low of $9.74 and a fifty-two week high of $18.00. The company has a 50-day moving average price of $17.69 and a 200-day moving average price of $16.29. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The company has a market cap of $725.09 million, a PE ratio of -1.18 and a beta of 2.06.
About Bally's
(
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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