Bally’s Co. (NYSE:BALY) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Bally’s Co. (NYSE:BALY) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,656 shares of the company’s stock after selling 9,604 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Bally’s worth $805,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Bally’s by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,707 shares of the company’s stock worth $1,217,000 after purchasing an additional 1,064 shares during the period. Gabelli Funds LLC lifted its stake in Bally’s by 0.8% during the second quarter. Gabelli Funds LLC now owns 171,000 shares of the company’s stock worth $2,047,000 after purchasing an additional 1,376 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Bally’s during the third quarter worth $38,000. Empowered Funds LLC grew its stake in shares of Bally’s by 5.3% in the third quarter. Empowered Funds LLC now owns 158,970 shares of the company’s stock valued at $2,742,000 after buying an additional 8,040 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Bally’s by 78.9% in the 3rd quarter. Quest Partners LLC now owns 19,517 shares of the company’s stock valued at $337,000 after buying an additional 8,608 shares during the period. 70.41% of the stock is currently owned by institutional investors and hedge funds.

Bally’s Price Performance

BALY opened at $17.68 on Friday. The firm has a market cap of $718.99 million, a price-to-earnings ratio of -1.17 and a beta of 2.06. 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’s 50-day moving average price is $17.65 and its 200 day moving average price is $16.05. Bally’s Co. has a 12-month low of $9.74 and a 12-month high of $18.00.

About Bally’s

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.