Invesco Ltd. Has $2.53 Million Holdings in Bally’s Co. (NYSE:BALY)

Invesco Ltd. raised its stake in shares of Bally’s Co. (NYSE:BALY) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,584 shares of the company’s stock after purchasing an additional 3,125 shares during the period. Invesco Ltd.’s holdings in Bally’s were worth $2,533,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BALY. SG Americas Securities LLC lifted its position in shares of Bally’s by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock worth $170,000 after purchasing an additional 624 shares during the last quarter. Intech Investment Management LLC bought a new stake in Bally’s in the 4th quarter valued at $196,000. Wells Fargo & Company MN raised its stake in shares of Bally’s by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,055 shares of the company’s stock valued at $251,000 after buying an additional 860 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Bally’s during the fourth quarter worth about $401,000. Finally, Virtu Financial LLC bought a new position in shares of Bally’s during the 3rd quarter worth approximately $482,000. Institutional investors own 70.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BALY. Barclays decreased their price objective on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Stifel Nicolaus lowered their target price on Bally’s from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Finally, Citizens Jmp upgraded shares of Bally’s to a “hold” rating in a report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.13.

Bally’s Stock Down 10.0 %

NYSE:BALY opened at $12.90 on Tuesday. Bally’s Co. has a 1 year low of $10.00 and a 1 year high of $18.98. 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 stock has a market cap of $625.78 million, a price-to-earnings ratio of -0.86 and a beta of 2.02. The stock has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $16.80.

Bally’s (NYSE:BALY) last announced its earnings results on Monday, March 17th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of ($0.76) by $1.34. The firm had revenue of $580.37 million for the quarter, compared to the consensus estimate of $589.83 million. Bally’s had a negative net margin of 30.04% and a negative return on equity of 79.10%. As a group, equities analysts expect that Bally’s Co. will post -7.26 earnings per share for the current year.

Bally’s 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.