Bally's Corporation (NYSE:BALY) Given Consensus Rating of "Hold" by Brokerages

Shares of Bally's Corporation (NYSE:BALY - Get Free Report) have been given an average rating of "Hold" by the eight ratings firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.96.

A number of equities analysts have recently issued reports on the stock. Citizens Jmp upgraded shares of Bally's to a "hold" rating in a research note on Tuesday, March 18th. Barclays dropped their price objective on shares of Bally's from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 13th.

Institutional Investors Weigh In On Bally's

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of Bally's during the 4th quarter worth about $58,000. Intech Investment Management LLC bought a new stake in Bally's during the 4th quarter worth about $196,000. Spirepoint Private Client LLC bought a new stake in Bally's during the 1st quarter worth about $246,000. Two Sigma Advisers LP bought a new stake in Bally's during the 4th quarter worth about $250,000. Finally, Wells Fargo & Company MN grew its holdings in Bally's by 6.5% during the 4th quarter. Wells Fargo & Company MN now owns 14,055 shares of the company's stock worth $251,000 after acquiring an additional 860 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company's stock.

Bally's Price Performance

NYSE:BALY opened at $10.67 on Wednesday. The stock has a market cap of $522.94 million, a P/E ratio of -0.91 and a beta of 1.82. Bally's has a one year low of $8.46 and a one year high of $18.98. The company has a fifty day moving average price of $10.50 and a 200 day moving average price of $14.28. The company has a debt-to-equity ratio of 4.24, a current ratio of 0.75 and a quick ratio of 0.72.

About Bally's

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.

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