Shares of Bally's Co. (NYSE:BALY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $15.00 and last traded at $14.33, with a volume of 18749 shares traded. The stock had previously closed at $16.00.
The stock's 50-day moving average price is $17.94 and its 200 day moving average price is $17.56. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The firm has a market capitalization of $592.36 million, a price-to-earnings ratio of -0.97 and a beta of 2.05.
A number of large investors have recently added to or reduced their stakes in the business. Alpine Associates Management Inc. acquired a new position in shares of Bally's in the third quarter worth $26,665,000. Citigroup Inc. increased its position in shares of Bally's by 8.8% during the third quarter. Citigroup Inc. now owns 442,400 shares of the company's stock worth $7,631,000 after purchasing an additional 35,901 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Bally's in the third quarter valued at approximately $7,326,000. King Street Capital Management L.P. purchased a new position in shares of Bally's in the third quarter valued at $6,784,000. Finally, Glazer Capital LLC purchased a new position in Bally's during the 3rd quarter valued at about $4,369,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider Bally's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bally's wasn't on the list.
While Bally's currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.