Verition Fund Management LLC purchased a new position in shares of Bally's Co. (NYSE:BALY - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 217,621 shares of the company's stock, valued at approximately $3,754,000. Verition Fund Management LLC owned approximately 0.54% of Bally's at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in BALY. Longfellow Investment Management Co. LLC bought a new position in shares of Bally's in the 3rd quarter worth $38,000. Quest Partners LLC purchased a new stake in shares of Bally's during the second quarter valued at about $131,000. SG Americas Securities LLC purchased a new position in shares of Bally's in the 3rd quarter worth approximately $153,000. Pekin Hardy Strauss Inc. bought a new position in shares of Bally's during the 2nd quarter worth approximately $217,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Bally's by 7.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,132 shares of the company's stock valued at $281,000 after acquiring an additional 1,394 shares during the last quarter. Hedge funds and other institutional investors own 70.41% of the company's stock.
Bally's Stock Down 0.3 %
NYSE:BALY traded down $0.05 during mid-day trading on Wednesday, hitting $17.73. 179,366 shares of the company's stock traded hands, compared to its average volume of 461,402. 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 company has a market capitalization of $721.08 million, a P/E ratio of -1.17 and a beta of 2.06. The company has a fifty day moving average of $17.57 and a 200 day moving average of $15.65. Bally's Co. has a twelve month low of $9.74 and a twelve month high of $18.00.
Bally's Profile
(
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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