Bally's Corporation (NYSE:BALY - Get Free Report)'s share price was down 7.2% during mid-day trading on Tuesday . The company traded as low as $10.18 and last traded at $10.31. Approximately 76,362 shares were traded during trading, a decline of 74% from the average daily volume of 298,422 shares. The stock had previously closed at $11.11.
Analyst Ratings Changes
Several brokerages recently weighed in on BALY. Barclays reduced their target price on shares of Bally's from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Citizens Jmp upgraded shares of Bally's to a "hold" rating in a research report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $16.96.
View Our Latest Analysis on BALY
Bally's Price Performance
The firm has a market cap of $538.13 million, a price-to-earnings ratio of -0.94 and a beta of 1.82. The stock's fifty day moving average price is $10.44 and its 200-day moving average price is $14.21. The company has a debt-to-equity ratio of 4.24, a current ratio of 0.75 and a quick ratio of 0.72.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Balyasny Asset Management L.P. raised its holdings in Bally's by 88.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,057,332 shares of the company's stock worth $18,916,000 after acquiring an additional 496,933 shares during the period. Nexpoint Asset Management L.P. grew its position in Bally's by 88.3% in the fourth quarter. Nexpoint Asset Management L.P. now owns 808,337 shares of the company's stock valued at $14,461,000 after acquiring an additional 378,950 shares during the period. Man Group plc acquired a new stake in shares of Bally's during the 4th quarter worth about $5,187,000. Eisler Capital Management Ltd. bought a new position in shares of Bally's in the fourth quarter valued at approximately $4,699,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Bally's in the fourth quarter worth $2,005,000. Institutional investors and hedge funds own 70.41% of the company's stock.
About Bally's
(
Get Free Report)
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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