Napatree Capital LLC Sells 43,626 Shares of Bally's Corporation (NYSE:BALY)

Napatree Capital LLC lessened its position in shares of Bally's Corporation (NYSE:BALY - Free Report) by 22.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,701 shares of the company's stock after selling 43,626 shares during the quarter. Bally's makes up about 1.0% of Napatree Capital LLC's investment portfolio, making the stock its 22nd largest position. Napatree Capital LLC owned 0.31% of Bally's worth $1,866,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BALY. Proficio Capital Partners LLC acquired a new stake in shares of Bally's during the 4th quarter worth approximately $401,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Bally's by 54.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 84,761 shares of the company's stock valued at $1,513,000 after buying an additional 30,000 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Bally's in the 4th quarter valued at $196,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Bally's by 58.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,000 shares of the company's stock valued at $1,700,000 after buying an additional 35,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Bally's by 131.7% in the 4th quarter. JPMorgan Chase & Co. now owns 94,979 shares of the company's stock valued at $1,699,000 after buying an additional 53,978 shares in the last quarter. Institutional investors and hedge funds own 70.41% of the company's stock.

Wall Street Analyst Weigh In

BALY has been the topic of several recent analyst reports. Truist Financial decreased their price target on Bally's from $15.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday. Barclays decreased their price target on Bally's from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.75.

Bally's Price Performance

Bally's stock traded up $0.02 on Thursday, reaching $9.99. The company's stock had a trading volume of 81,021 shares, compared to its average volume of 65,848. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.72 and a current ratio of 0.75. The company has a market cap of $489.56 million, a price-to-earnings ratio of -0.85 and a beta of 1.82. The business's fifty day moving average price is $10.28 and its 200 day moving average price is $14.01. Bally's Corporation has a twelve month low of $8.45 and a twelve 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.