63,413 Shares in Bally's Co. (NYSE:BALY) Purchased by Regatta Capital Group LLC

Regatta Capital Group LLC acquired a new stake in Bally's Co. (NYSE:BALY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 63,413 shares of the company's stock, valued at approximately $780,000. Regatta Capital Group LLC owned approximately 0.13% of Bally's at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Bally's during the 4th quarter worth about $58,000. SG Americas Securities LLC increased its stake in shares of Bally's by 7.0% during the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after purchasing an additional 624 shares during the period. Intech Investment Management LLC acquired a new stake in Bally's during the 4th quarter worth approximately $196,000. Two Sigma Advisers LP bought a new stake in Bally's in the 4th quarter valued at $250,000. Finally, Wells Fargo & Company MN grew its holdings in Bally's by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,055 shares of the company's stock valued at $251,000 after buying an additional 860 shares in the last quarter. Institutional investors and hedge funds own 70.41% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BALY shares. Citizens Jmp raised shares of Bally's to a "hold" rating in a research report on Tuesday, March 18th. Stifel Nicolaus decreased their target price on shares of Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Finally, Barclays dropped their price target on shares of Bally's from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Bally's currently has an average rating of "Hold" and a consensus price target of $16.96.

Bally's Stock Performance

NYSE BALY opened at $9.73 on Monday. The firm's 50 day simple moving average is $12.42 and its 200 day simple moving average is $15.44. The firm has a market capitalization of $476.90 million, a price-to-earnings ratio of -0.65 and a beta of 1.86. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. Bally's Co. has a 1 year low of $8.70 and a 1 year high of $18.98.

Bally's (NYSE:BALY - Get Free Report) last released its earnings results on Monday, March 17th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of ($0.76) by $1.34. Bally's had a negative return on equity of 79.10% and a negative net margin of 30.04%. The firm had revenue of $580.37 million during the quarter, compared to analysts' expectations of $589.83 million. As a group, research analysts expect that Bally's Co. will post -7.26 earnings per share for the current fiscal year.

Bally's Company Profile

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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