Quantbot Technologies LP Has $376,000 Holdings in Bally’s Co. (NYSE:BALY)

Quantbot Technologies LP trimmed its stake in Bally’s Co. (NYSE:BALY) by 16.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,990 shares of the company’s stock after selling 4,017 shares during the period. Quantbot Technologies LP’s holdings in Bally’s were worth $376,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BALY. Citigroup Inc. raised 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 acquiring an additional 35,901 shares during the last quarter. Algert Global LLC increased its position in Bally’s by 21.3% during the 3rd quarter. Algert Global LLC now owns 79,033 shares of the company’s stock valued at $1,363,000 after purchasing an additional 13,857 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Bally’s in the 3rd quarter worth approximately $7,326,000. Verition Fund Management LLC bought a new stake in shares of Bally’s in the 3rd quarter valued at $3,754,000. Finally, Glazer Capital LLC acquired a new stake in shares of Bally’s during the third quarter worth $4,369,000. 70.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on BALY shares. Barclays cut their price target on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Stifel Nicolaus decreased 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 raised Bally’s to a “hold” rating in a research note on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.13.

Bally’s Trading Down 6.0 %

Shares of Bally’s stock opened at $11.88 on Friday. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. Bally’s Co. has a 52 week low of $10.00 and a 52 week high of $18.98. The stock has a 50 day moving average price of $16.61 and a two-hundred day moving average price of $17.28. The stock has a market capitalization of $576.20 million, a PE ratio of -0.79 and a beta of 2.14.

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