Vestcor Inc purchased a new stake in Bally's Co. (NYSE:BALY - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $1,725,000. Vestcor Inc owned approximately 0.25% of Bally's at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in BALY. Longfellow Investment Management Co. LLC acquired a new position in shares of Bally's in the 3rd quarter worth approximately $38,000. Point72 DIFC Ltd acquired a new position in Bally's in the third quarter worth $48,000. SG Americas Securities LLC bought a new stake in Bally's during the third quarter valued at $153,000. Quest Partners LLC acquired a new stake in shares of Bally's during the second quarter worth $131,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Bally's in the 2nd quarter worth about $217,000. 70.41% of the stock is currently owned by institutional investors.
Bally's Stock Performance
BALY traded down $0.04 on Thursday, hitting $17.77. 235,034 shares of the company's stock were exchanged, compared to its average volume of 454,736. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The stock has a fifty day moving average of $17.62 and a two-hundred day moving average of $15.84. Bally's Co. has a twelve month low of $9.74 and a twelve month high of $18.00. The firm has a market cap of $722.65 million, a PE ratio of -1.18 and a beta of 2.06.
Bally's Company Profile
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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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