Bally's (NYSE:BALY - Get Free Report) had its target price reduced by stock analysts at Macquarie from $14.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Macquarie's price target suggests a potential upside of 21.15% from the stock's previous close.
Several other equities analysts also recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Bally's from $12.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday. Barclays decreased their target price on Bally's from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen downgraded Bally's from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Truist Financial cut their target price on Bally's from $15.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, Bally's currently has an average rating of "Hold" and a consensus price target of $11.50.
View Our Latest Report on BALY
Bally's Trading Down 0.5%
NYSE BALY traded down $0.05 on Tuesday, hitting $9.91. 133,764 shares of the stock were exchanged, compared to its average volume of 63,921. 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 stock has a fifty day moving average price of $9.89 and a two-hundred day moving average price of $12.89. The firm has a market capitalization of $485.44 million, a P/E ratio of -0.85 and a beta of 1.86. Bally's has a 52-week low of $8.45 and a 52-week high of $23.20.
Institutional Investors Weigh In On Bally's
Several institutional investors and hedge funds have recently added to or reduced their stakes in BALY. Regatta Capital Group LLC acquired a new position in Bally's in the 1st quarter valued at $780,000. Nexpoint Asset Management L.P. grew its position in shares of Bally's by 88.3% in the 4th quarter. Nexpoint Asset Management L.P. now owns 808,337 shares of the company's stock valued at $14,461,000 after buying an additional 378,950 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Bally's by 33.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 251,000 shares of the company's stock worth $4,490,000 after acquiring an additional 63,300 shares in the last quarter. Oxford Asset Management LLP bought a new position in Bally's in the fourth quarter worth approximately $643,000. Finally, Invesco Ltd. boosted its holdings in Bally's by 2.3% in the fourth quarter. Invesco Ltd. now owns 141,584 shares of the company's stock worth $2,533,000 after acquiring an additional 3,125 shares in the last quarter. 70.41% of the stock is owned by institutional investors.
Bally's Company Profile
(
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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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