Bally’s (NYSE:BALY) Sets New 52-Week High – Here’s Why

Shares of Bally’s Co. (NYSE:BALY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.15 and last traded at $18.12, with a volume of 226666 shares traded. The stock had previously closed at $18.12.

Bally’s Price Performance

The company’s 50-day simple moving average is $17.85 and its 200-day simple moving average is $17.12. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62.

Institutional Investors Weigh In On Bally’s

Several hedge funds have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC acquired a new stake in shares of Bally’s in the third quarter valued at approximately $38,000. Point72 DIFC Ltd bought a new stake in Bally’s during the third quarter worth $48,000. SG Americas Securities LLC bought a new stake in Bally’s during the third quarter worth $153,000. Quest Partners LLC lifted its stake in Bally’s by 78.9% during the third quarter. Quest Partners LLC now owns 19,517 shares of the company’s stock worth $337,000 after purchasing an additional 8,608 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Bally’s during the third quarter worth $381,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.

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.