Bally’s (NYSE:BALY – Get Rating) had its price target trimmed by Barclays from $23.00 to $21.00 in a research report sent to investors on Wednesday, The Fly reports.
BALY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reduced their price target on Bally’s from $23.00 to $20.00 and set a hold rating on the stock in a research report on Tuesday, February 14th. Wells Fargo & Company cut their target price on Bally’s from $23.00 to $22.00 and set an equal weight rating for the company in a research report on Wednesday, January 25th. Finally, Stifel Nicolaus decreased their target price on Bally’s from $22.00 to $21.00 in a research note on Monday, February 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $26.71.
Bally’s Stock Up 1.2 %
Shares of NYSE:BALY opened at $15.64 on Wednesday. The firm’s 50-day moving average is $18.26 and its two-hundred day moving average is $20.19. The company has a debt-to-equity ratio of 4.30, a current ratio of 0.69 and a quick ratio of 0.67. Bally’s has a 1 year low of $14.75 and a 1 year high of $28.16. The firm has a market capitalization of $730.08 million, a PE ratio of -1.99 and a beta of 1.91.
Institutional Trading of Bally’s
Several institutional investors have recently added to or reduced their stakes in BALY. Contrarius Investment Management Ltd raised its stake in shares of Bally’s by 1,556.8% during the third quarter. Contrarius Investment Management Ltd now owns 2,272,585 shares of the company’s stock valued at $44,906,000 after acquiring an additional 2,135,422 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Bally’s by 1,363.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 494,475 shares of the company’s stock worth $9,780,000 after purchasing an additional 460,680 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Bally’s by 60.4% in the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 693,944 shares of the company’s stock worth $13,546,000 after purchasing an additional 261,343 shares during the period. Citadel Advisors LLC boosted its stake in shares of Bally’s by 70.0% during the 2nd quarter. Citadel Advisors LLC now owns 265,452 shares of the company’s stock worth $5,251,000 after acquiring an additional 109,283 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Bally’s by 211.4% during the 3rd quarter. First Trust Advisors LP now owns 155,889 shares of the company’s stock worth $3,080,000 after acquiring an additional 105,825 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
About Bally’s
Bally’s Corp. engages in the business of casino hotels and horse racetrack. Its properties include Twin River Casino, Hard Rock, Biloxi, Tiverton, Dover Downs, Arapahoe Park, Mardi Gras, Golden Gates, Golden Gulch, KC, Casino Vicksburg, Bally’s Atlantic City, and Eldorado Resort casino Shreveport. The company was founded on March 1, 2004 and is headquartered in Providence, RI.
See Also
- Get a free copy of the StockNews.com research report on Bally’s (BALY)
- Occidental Petroleum: Will Buffet Buy More?
- 5 Best Healthcare Sector ETFs
- Electronic Arts Has Game But Can Share Price Move Higher?
- Wendy’s May Have Just Become A Value Play
- Rivian Leads EV Startups But Will The Stock Move Higher?
Receive News & Ratings for Bally's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bally's and related companies with MarketBeat.com's FREE daily email newsletter.
