Vanguard Group Inc. Boosts Holdings in Bally's Co. (NYSE:BALY)

Vanguard Group Inc. increased its position in Bally's Co. (NYSE:BALY - Free Report) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,744,829 shares of the company's stock after acquiring an additional 93,681 shares during the quarter. Vanguard Group Inc. owned about 3.82% of Bally's worth $22,875,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Bally's by 36.7% during the third quarter. American Century Companies Inc. now owns 18,196 shares of the company's stock valued at $239,000 after purchasing an additional 4,884 shares during the last quarter. Deutsche Bank AG lifted its position in Bally's by 14.3% during the third quarter. Deutsche Bank AG now owns 16,817 shares of the company's stock valued at $220,000 after purchasing an additional 2,098 shares during the last quarter. Garde Capital Inc. lifted its position in Bally's by 25.0% during the third quarter. Garde Capital Inc. now owns 10,000 shares of the company's stock valued at $131,000 after purchasing an additional 2,000 shares during the last quarter. Legal & General Group Plc lifted its position in Bally's by 35.6% during the third quarter. Legal & General Group Plc now owns 32,849 shares of the company's stock valued at $431,000 after purchasing an additional 8,628 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Bally's by 8.8% in the 3rd quarter. AQR Capital Management LLC now owns 334,440 shares of the company's stock worth $4,385,000 after acquiring an additional 27,003 shares during the last quarter. 70.41% of the stock is currently owned by institutional investors.

Bally's Trading Down 1.4 %

NYSE:BALY traded down $0.19 during midday trading on Friday, reaching $13.41. 386,540 shares of the stock traded hands, compared to its average volume of 430,605. The company has a fifty day moving average of $12.17 and a 200 day moving average of $11.66. Bally's Co. has a 12 month low of $7.28 and a 12 month high of $19.03. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.64 and a current ratio of 0.65. The stock has a market capitalization of $537.61 million, a P/E ratio of -3.83 and a beta of 2.08.

Bally's (NYSE:BALY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.31). Bally's had a negative net margin of 7.05% and a negative return on equity of 17.92%. The firm had revenue of $611.67 million for the quarter, compared to the consensus estimate of $626.62 million. On average, research analysts predict that Bally's Co. will post -3.73 EPS for the current year.

Wall Street Analysts Forecast Growth

BALY has been the subject of a number of research reports. Macquarie cut shares of Bally's from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $15.00 to $12.00 in a research note on Wednesday, January 17th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $10.00 price objective on shares of Bally's in a research note on Friday, January 5th. Finally, Stifel Nicolaus cut their price objective on shares of Bally's from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.86.

Bally's Company Profile

Bally's Corporation engages in the casinos, resorts, and online gaming businesses. It operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. The company owns and manages casinos, a golf course in New York, and a horse racetrack in Colorado under the Bally's brand.