State Street Corp Cuts Holdings in Bally’s Co. (NYSE:BALY)

State Street Corp reduced its position in Bally’s Co. (NYSE:BALY) by 9.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 599,002 shares of the company’s stock after selling 66,171 shares during the period. State Street Corp owned 1.47% of Bally’s worth $10,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BALY. Bank of New York Mellon Corp increased its position in shares of Bally’s by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 101,707 shares of the company’s stock valued at $1,217,000 after acquiring an additional 1,064 shares during the period. Quest Partners LLC acquired a new stake in Bally’s during the 2nd quarter worth about $131,000. Dimensional Fund Advisors LP raised its position in Bally’s by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 333,680 shares of the company’s stock valued at $3,994,000 after acquiring an additional 28,590 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Bally’s in the 2nd quarter worth approximately $560,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Bally’s during the second quarter valued at $217,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

Bally’s Stock Performance

Shares of BALY stock opened at $17.75 on Friday. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. The stock has a 50 day simple moving average of $17.68 and a 200-day simple moving average of $16.25. The company has a market cap of $721.84 million, a price-to-earnings ratio of -1.18 and a beta of 2.06. Bally’s Co. has a 1-year low of $9.74 and a 1-year 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.