AlphaQuest LLC Sells 11,018 Shares of Bally’s Co. (NYSE:BALY)

AlphaQuest LLC lowered its position in Bally’s Co. (NYSE:BALY) by 56.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,499 shares of the company’s stock after selling 11,018 shares during the period. AlphaQuest LLC’s holdings in Bally’s were worth $152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Bally’s by 7.0% in the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Bally’s by 120.7% in the third quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company’s stock valued at $707,000 after purchasing an additional 22,425 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Bally’s in the fourth quarter valued at approximately $401,000. Wolverine Asset Management LLC lifted its holdings in shares of Bally’s by 30.3% in the fourth quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company’s stock valued at $3,099,000 after purchasing an additional 40,250 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Bally’s by 63.7% in the third quarter. Barclays PLC now owns 37,419 shares of the company’s stock valued at $645,000 after purchasing an additional 14,567 shares in the last quarter. Institutional investors own 70.41% of the company’s stock.

Bally’s Stock Performance

Shares of Bally’s stock opened at $18.18 on Tuesday. 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 business’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $17.37. Bally’s Co. has a 12 month low of $10.00 and a 12 month high of $18.98. The firm has a market capitalization of $879.67 million, a P/E ratio of -1.21 and a beta of 2.14.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BALY. Stifel Nicolaus dropped their target price on Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Barclays dropped their price target on 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.13.

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.