Bally’s Co. (NYSE:BALY) Receives Consensus Recommendation of “Hold” from Analysts

Bally’s Co. (NYSE:BALY) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.00.

Separately, Stifel Nicolaus cut their target price on Bally’s from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday.

Bally’s Stock Down 0.1 %

Shares of Bally’s stock traded down $0.02 on Thursday, reaching $12.97. 4,992 shares of the company were exchanged, compared to its average volume of 402,138. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The company has a market capitalization of $527.49 million, a price-to-earnings ratio of -0.86 and a beta of 2.05. Bally’s has a one year low of $9.80 and a one year high of $18.38. The company has a 50-day moving average of $17.23 and a 200 day moving average of $17.40.

Hedge Funds Weigh In On Bally’s

A number of institutional investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC bought a new stake in Bally’s in the third quarter worth about $38,000. Point72 DIFC Ltd purchased a new position in Bally’s in the 3rd quarter valued at about $48,000. BNP Paribas Financial Markets purchased a new position in Bally’s in the 4th quarter valued at about $58,000. SG Americas Securities LLC lifted its stake in 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 buying an additional 624 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Bally’s in the 4th quarter valued at about $196,000. 70.41% of the stock is owned by institutional investors.

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.