Oxford Asset Management LLP Takes Position in Bally's Co. (NYSE:BALY)

Oxford Asset Management LLP acquired a new position in Bally's Co. (NYSE:BALY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,929 shares of the company's stock, valued at approximately $643,000. Oxford Asset Management LLP owned 0.09% of Bally's as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Bally's by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after acquiring an additional 624 shares in the last quarter. Yakira Capital Management Inc. boosted its position in shares of Bally's by 40.9% during the 4th quarter. Yakira Capital Management Inc. now owns 165,300 shares of the company's stock worth $2,957,000 after acquiring an additional 47,943 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Bally's by 120.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company's stock valued at $707,000 after purchasing an additional 22,425 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Bally's in the 4th quarter valued at about $401,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Bally's by 30.3% in the 4th quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company's stock valued at $3,099,000 after purchasing an additional 40,250 shares during the last quarter. Hedge funds and other institutional investors own 70.41% of the company's stock.

Bally's Trading Up 0.5 %

BALY traded up $0.06 on Thursday, reaching $12.56. 36,911 shares of the company's stock were exchanged, compared to its average volume of 326,151. The company has a market cap of $609.29 million, a price-to-earnings ratio of -0.83 and a beta of 2.02. Bally's Co. has a twelve month low of $10.00 and a twelve month high of $18.98. The company's 50 day moving average is $15.06 and its 200-day moving average is $16.74. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56.

Bally's (NYSE:BALY - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of ($0.76) by $1.34. The business had revenue of $580.37 million during the quarter, compared to the consensus estimate of $589.83 million. Bally's had a negative net margin of 30.04% and a negative return on equity of 79.10%. Equities analysts predict that Bally's Co. will post -7.26 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays reduced their price objective on Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Stifel Nicolaus reduced their price objective on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Finally, Citizens Jmp raised Bally's to a "hold" rating in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Bally's has an average rating of "Hold" and a consensus target price of $17.13.

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.