Bally’s Co. (NYSE:BALY) Stock Holdings Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its holdings in Bally’s Co. (NYSE:BALY) by 54.8% in the 4th quarter, HoldingsChannel reports. The firm owned 84,761 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Bally’s were worth $1,513,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BALY. Longfellow Investment Management Co. LLC acquired a new position in shares of Bally’s during the third quarter valued at approximately $38,000. Point72 DIFC Ltd acquired a new position in shares of Bally’s during the 3rd quarter valued at $48,000. SG Americas Securities LLC raised 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 worth $170,000 after buying an additional 624 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Bally’s by 78.9% in the third quarter. Quest Partners LLC now owns 19,517 shares of the company’s stock valued at $337,000 after buying an additional 8,608 shares during the period. Finally, XTX Topco Ltd bought a new position in Bally’s during the third quarter valued at about $381,000. 70.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BALY has been the topic of several research reports. Stifel Nicolaus dropped their price target on shares of Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Barclays dropped their target price on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Bally’s presently has an average rating of “Hold” and an average target price of $17.13.

Bally’s Trading Up 7.7 %

NYSE:BALY opened at $18.18 on Tuesday. The stock has a fifty day simple moving average of $17.01 and a 200 day simple moving average of $17.37. The firm has a market capitalization of $879.67 million, a price-to-earnings ratio of -1.21 and a beta of 2.14. Bally’s Co. has a 1-year low of $10.00 and a 1-year high of $18.98. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62.

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.