Rhumbline Advisers Sells 1,816 Shares of Bally’s Co. (NYSE:BALY)

Rhumbline Advisers lessened its stake in Bally’s Co. (NYSE:BALY) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,145 shares of the company’s stock after selling 1,816 shares during the quarter. Rhumbline Advisers owned about 0.09% of Bally’s worth $682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BALY. Wolverine Asset Management LLC lifted its stake in shares of Bally’s by 39.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 132,988 shares of the company’s stock valued at $2,294,000 after acquiring an additional 37,876 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Bally’s by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 158,970 shares of the company’s stock valued at $2,742,000 after purchasing an additional 8,040 shares during the last quarter. Quest Partners LLC raised its position 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 worth $337,000 after acquiring an additional 8,608 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Bally’s during the 3rd quarter worth approximately $26,665,000. Finally, Citigroup Inc. raised its holdings in shares of Bally’s by 8.8% during the third quarter. Citigroup Inc. now owns 442,400 shares of the company’s stock valued at $7,631,000 after purchasing an additional 35,901 shares during the period. Institutional investors own 70.41% of the company’s stock.

Bally’s Stock Down 2.6 %

BALY stock opened at $12.21 on Friday. The firm has a market capitalization of $496.34 million, a PE ratio of -0.81 and a beta of 2.05. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. Bally’s Co. has a twelve month low of $10.00 and a twelve month high of $18.38. The stock’s 50 day moving average is $17.13 and its 200-day moving average is $17.37.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their price target on shares of Bally’s from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.29.

Bally’s 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.