Bally’s Co. (NYSE:BALY) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Bally’s Co. (NYSE:BALY) by 120.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,001 shares of the company’s stock after purchasing an additional 22,425 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of Bally’s worth $707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Bally’s during the 2nd quarter worth approximately $560,000. King Street Capital Management L.P. purchased a new position in Bally’s in the third quarter valued at $6,784,000. Vestcor Inc acquired a new position in Bally’s during the 3rd quarter worth $1,725,000. Barclays PLC grew its stake in Bally’s by 63.7% during the 3rd quarter. Barclays PLC now owns 37,419 shares of the company’s stock worth $645,000 after purchasing an additional 14,567 shares in the last quarter. Finally, Anson Funds Management LP purchased a new stake in Bally’s during the 3rd quarter worth about $1,394,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Stock Performance

Shares of Bally’s stock opened at $18.13 on Monday. The business has a 50-day simple moving average of $17.86 and a 200-day simple moving average of $17.24. 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 one year low of $9.74 and a one year high of $18.15. The company has a market cap of $737.09 million, a PE ratio of -1.20 and a beta of 2.04.

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.