Bally’s (NYSE:BALY) Price Target Cut to $14.00 by Analysts at Barclays

Bally’s (NYSE:BALY) had its price objective decreased by stock analysts at Barclays from $18.00 to $14.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 14.71% from the company’s previous close.

Separately, Stifel Nicolaus decreased their price objective on Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Bally’s presently has an average rating of “Hold” and a consensus price target of $16.63.

Bally’s Price Performance

Shares of BALY opened at $12.21 on Monday. The company’s 50-day moving average is $17.02 and its 200-day moving average is $17.34. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. The firm has a market capitalization of $496.34 million, a PE ratio of -0.81 and a beta of 2.05. Bally’s has a fifty-two week low of $10.00 and a fifty-two week high of $18.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC acquired a new stake in shares of Bally’s during the 3rd quarter worth approximately $38,000. Point72 DIFC Ltd bought a new stake in Bally’s during the third quarter worth $48,000. BNP Paribas Financial Markets bought a new position in shares of Bally’s in the 4th quarter valued at $58,000. SG Americas Securities LLC increased its stake in shares of Bally’s by 7.0% in the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock valued at $170,000 after purchasing an additional 624 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Bally’s during the 4th quarter worth $196,000. Institutional investors and hedge funds own 70.41% of the company’s stock.

Bally’s Company Profile

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.