Vanguard Group Inc. Sells 115,106 Shares of Bally's Co. (NYSE:BALY)

Vanguard Group Inc. cut its stake in shares of Bally's Co. (NYSE:BALY - Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,409,485 shares of the company's stock after selling 115,106 shares during the period. Vanguard Group Inc. owned about 3.47% of Bally's worth $25,216,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BALY. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Bally's by 58.3% during 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 acquiring an additional 35,000 shares during the period. Intech Investment Management LLC purchased a new position in Bally's during the fourth quarter valued at approximately $196,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Bally's by 54.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 84,761 shares of the company's stock worth $1,513,000 after purchasing an additional 30,000 shares during the period. Vestcor Inc increased its stake in shares of Bally's by 0.6% in the fourth quarter. Vestcor Inc now owns 100,594 shares of the company's stock worth $1,800,000 after purchasing an additional 594 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Bally's during the 4th quarter valued at $401,000. Institutional investors own 70.41% of the company's stock.

Bally's Price Performance

Shares of BALY stock traded up $1.82 during trading hours on Friday, hitting $18.08. The stock had a trading volume of 23,571 shares, compared to its average volume of 338,389. The stock's 50-day moving average price is $15.37 and its two-hundred day moving average price is $16.90. Bally's Co. has a one year low of $10.00 and a one year high of $18.98. The stock has a market capitalization of $876.96 million, a price-to-earnings ratio of -1.20 and a beta of 2.02. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays dropped their target price on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Stifel Nicolaus lowered their price objective on Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Finally, Citizens Jmp upgraded Bally's to a "hold" rating in a research report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.