Bally's Corporation (NYSE:BALY - Get Free Report)'s stock price was up 17.4% during trading on Tuesday . The stock traded as high as $10.11 and last traded at $11.25. Approximately 45,505 shares changed hands during trading, a decline of 85% from the average daily volume of 298,393 shares. The stock had previously closed at $9.58.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Citizens Jmp raised shares of Bally's to a "hold" rating in a research report on Tuesday, March 18th. Stifel Nicolaus lowered their price objective 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, Barclays cut their target price on Bally's from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Bally's presently has an average rating of "Hold" and a consensus target price of $16.96.
View Our Latest Stock Report on Bally's
Bally's Stock Up 0.4%
The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $547.44 million, a P/E ratio of -0.95 and a beta of 1.82. The stock's 50-day simple moving average is $10.64 and its 200-day simple moving average is $14.44.
Institutional Trading of Bally's
A number of hedge funds have recently bought and sold shares of BALY. Balyasny Asset Management L.P. increased its position in shares of Bally's by 88.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,057,332 shares of the company's stock valued at $18,916,000 after purchasing an additional 496,933 shares during the last quarter. Nexpoint Asset Management L.P. grew its position in Bally's by 88.3% during the fourth quarter. Nexpoint Asset Management L.P. now owns 808,337 shares of the company's stock valued at $14,461,000 after buying an additional 378,950 shares during the period. Man Group plc bought a new position in Bally's during the fourth quarter valued at about $5,187,000. Eisler Capital Management Ltd. purchased a new stake in Bally's during the fourth quarter worth about $4,699,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Bally's in the fourth quarter worth about $2,005,000. 70.41% of the stock is currently owned by institutional investors.
About Bally's
(
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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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