Bally’s Co. (NYSE:BALY – Get Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $15.00 and last traded at $14.33, with a volume of 18749 shares trading hands. The stock had previously closed at $16.00.
Bally’s Trading Up 5.1 %
The firm’s 50 day simple moving average is $17.83 and its 200-day simple moving average is $17.54. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.
Institutional Trading of Bally’s
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vestcor Inc boosted its position in Bally’s by 0.6% during the fourth quarter. Vestcor Inc now owns 100,594 shares of the company’s stock valued at $1,800,000 after purchasing an additional 594 shares during the last quarter. SG Americas Securities LLC raised its stake 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 in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Bally’s in the 3rd quarter valued at approximately $38,000. Point72 DIFC Ltd bought a new position in shares of Bally’s in the third quarter valued at $48,000. Finally, Empowered Funds LLC increased its holdings in Bally’s by 5.3% during the third quarter. Empowered Funds LLC now owns 158,970 shares of the company’s stock worth $2,742,000 after buying an additional 8,040 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.
About Bally’s
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.
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