22,434 Shares in Bally’s Co. (NYSE:BALY) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Bally’s Co. (NYSE:BALY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,434 shares of the company’s stock, valued at approximately $401,000. Proficio Capital Partners LLC owned about 0.06% of Bally’s as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new stake in Bally’s during the 3rd quarter worth approximately $38,000. Point72 DIFC Ltd acquired a new stake in Bally’s during the 3rd quarter worth approximately $48,000. SG Americas Securities LLC lifted its position in 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 acquiring an additional 624 shares during the period. Quest Partners LLC lifted its position in Bally’s by 78.9% during 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 during the period. Finally, XTX Topco Ltd acquired a new stake in Bally’s during the 3rd quarter worth approximately $381,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Stock Up 41.9 %

Shares of Bally’s stock opened at $17.20 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The firm has a market cap of $699.43 million, a P/E ratio of -1.14 and a beta of 2.05. Bally’s Co. has a fifty-two week low of $10.00 and a fifty-two week high of $18.38. The business has a 50-day moving average price of $17.01 and a 200 day moving average price of $17.34.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays decreased their price objective on Bally’s from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Stifel Nicolaus reduced their price target on Bally’s from $17.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, March 6th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Bally’s has a consensus rating of “Hold” and an average price target of $17.13.

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.