Goldman Sachs Group Inc. Has $141,000 Stock Position in Bally's Corporation $BALY

Key Points

• Goldman Sachs has significantly reduced its stake in Bally's Corporation, decreasing by 95.3% to a total of 11,453 shares valued at $141,000.
• Several other institutional investors have recently acquired new stakes in Bally's, contributing to institutional ownership of 70.41% of the company's stock.
• Wall Street analysts have generally downgraded Bally's stock price targets, with a consensus rating of "Hold" and a price target of $11.00.

Goldman Sachs Group Inc. decreased its position in shares of Bally's Corporation (NYSE:BALY - Free Report) by 95.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,453 shares of the company's stock after selling 232,174 shares during the period. Goldman Sachs Group Inc.'s holdings in Bally's were worth $141,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in Bally's during the fourth quarter valued at $58,000. Spirepoint Private Client LLC acquired a new stake in Bally's during the first quarter valued at $246,000. Two Sigma Advisers LP acquired a new stake in Bally's during the fourth quarter valued at $250,000. Bank of America Corp DE boosted its position in Bally's by 17.2% during the fourth quarter. Bank of America Corp DE now owns 30,932 shares of the company's stock valued at $553,000 after purchasing an additional 4,533 shares during the last quarter. Finally, Regatta Capital Group LLC acquired a new stake in Bally's during the first quarter valued at $780,000. Institutional investors and hedge funds own 70.41% of the company's stock.

Bally's Stock Up 5.7%

NYSE BALY opened at $11.40 on Tuesday. 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 stock's 50 day moving average is $9.88 and its two-hundred day moving average is $11.29. The company has a market capitalization of $559.97 million, a price-to-earnings ratio of -0.97 and a beta of 1.86. Bally's Corporation has a 1-year low of $8.45 and a 1-year high of $23.20.

Wall Street Analysts Forecast Growth

BALY has been the topic of several recent research reports. Truist Financial cut their target price on Bally's from $15.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, July 16th. Barclays cut their target price on Bally's from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Stifel Nicolaus cut their target price on Bally's from $12.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen upgraded Bally's from a "sell" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Macquarie cut their target price on Bally's from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.00.

Bally's 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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