Susquehanna Fundamental Investments LLC Invests $2.01 Million in Bally's Co. (NYSE:BALY)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Bally's Co. (NYSE:BALY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 112,092 shares of the company's stock, valued at approximately $2,005,000. Susquehanna Fundamental Investments LLC owned approximately 0.28% of Bally's as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in Bally's by 7.0% during the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after purchasing an additional 624 shares during the period. Yakira Capital Management Inc. boosted its holdings 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 buying an additional 47,943 shares during the period. JPMorgan Chase & Co. grew its stake in 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 buying an additional 22,425 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Bally's in the 4th quarter worth $401,000. Finally, Wolverine Asset Management LLC lifted its position in Bally's by 30.3% during the 4th quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company's stock worth $3,099,000 after acquiring an additional 40,250 shares during the last quarter. Institutional investors own 70.41% of the company's stock.

Bally's Stock Performance

BALY traded down $0.47 during trading on Monday, reaching $12.23. 25,664 shares of the company's stock were exchanged, compared to its average volume of 321,489. Bally's Co. has a fifty-two week low of $10.00 and a fifty-two week high of $18.98. The company has a market capitalization of $593.03 million, a P/E ratio of -0.81 and a beta of 2.04. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The business has a 50 day moving average price of $14.96 and a 200 day moving average price of $16.66.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BALY. Barclays lowered their price target on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Citizens Jmp raised Bally's to a "hold" rating in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus lowered their price objective on shares of Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.