90,520 Shares in Bally's Corporation $BALY Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in shares of Bally's Corporation (NYSE:BALY - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 90,520 shares of the company's stock, valued at approximately $867,000. Janney Montgomery Scott LLC owned about 0.18% of Bally's at the end of the most recent reporting period.

Separately, Spirepoint Private Client LLC acquired a new position in shares of Bally's in the first quarter valued at approximately $246,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BALY has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Bally's from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Bally's in a research report on Wednesday, October 8th. Barclays dropped their price objective on shares of Bally's from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Truist Financial dropped their price objective on shares of Bally's from $15.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, July 16th. Finally, Macquarie lowered their price target on shares of Bally's from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $11.00.

Bally's Price Performance

NYSE:BALY opened at $12.77 on Wednesday. The firm has a market cap of $627.02 million, a price-to-earnings ratio of -1.09 and a beta of 1.96. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 5.54. The company's 50-day moving average is $10.60 and its two-hundred day moving average is $11.08. Bally's Corporation has a 12-month low of $8.45 and a 12-month high of $23.20.

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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