Point72 DIFC Ltd purchased a new position in shares of Bally’s Co. (NYSE:BALY – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,774 shares of the company’s stock, valued at approximately $48,000.
A number of other institutional investors have also recently added to or reduced their stakes in BALY. Longfellow Investment Management Co. LLC acquired a new position in shares of Bally’s in the 3rd quarter valued at approximately $38,000. Quest Partners LLC acquired a new stake in Bally’s in the second quarter valued at $131,000. SG Americas Securities LLC bought a new position in Bally’s during the 3rd quarter valued at $153,000. Pekin Hardy Strauss Inc. acquired a new position in Bally’s during the 2nd quarter worth $217,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Bally’s by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,132 shares of the company’s stock worth $281,000 after purchasing an additional 1,394 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.
Bally’s Stock Performance
Shares of Bally’s stock opened at $17.74 on Tuesday. 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 Co. has a 1 year low of $9.74 and a 1 year high of $18.00. The firm’s 50-day simple moving average is $17.60 and its 200-day simple moving average is $15.75. The firm has a market cap of $721.23 million, a PE ratio of -1.18 and a beta of 2.06.
About Bally’s
Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.
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