Vanguard Group Inc. Sells 115,106 Shares of Bally's Co. (NYSE:BALY)

Vanguard Group Inc. trimmed its holdings in Bally's Co. (NYSE:BALY - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,409,485 shares of the company's stock after selling 115,106 shares during the period. Vanguard Group Inc. owned about 3.47% of Bally's worth $25,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of Bally's by 7.0% during the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after buying an additional 624 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Bally's in the fourth quarter valued at approximately $196,000. Proficio Capital Partners LLC bought a new stake in shares of Bally's in the fourth quarter worth $401,000. Virtu Financial LLC acquired a new position in Bally's during the third quarter worth $482,000. Finally, Barclays PLC grew its position in Bally's by 63.7% in the third quarter. Barclays PLC now owns 37,419 shares of the company's stock valued at $645,000 after purchasing an additional 14,567 shares in the last quarter. Institutional investors and hedge funds own 70.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays reduced their price objective on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Stifel Nicolaus decreased their price target on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Finally, Citizens Jmp raised shares of Bally's to a "hold" rating in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.13.

Bally's Stock Performance

Shares of BALY traded up $1.82 during trading hours on Friday, hitting $18.08. The company had a trading volume of 23,571 shares, compared to its average volume of 341,668. The business has a fifty day moving average of $15.37 and a 200-day moving average of $16.91. 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 firm has a market cap of $876.96 million, a price-to-earnings ratio of -1.20 and a beta of 2.02. Bally's Co. has a 12 month low of $10.00 and a 12 month high of $18.98.

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 the consensus estimate of $589.83 million. Bally's had a negative net margin of 30.04% and a negative return on equity of 79.10%. Equities analysts anticipate that Bally's Co. will post -7.26 EPS for the current fiscal year.

Bally's Company 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.