Charles Schwab Investment Management Inc. Sells 1,464 Shares of Bally’s Co. (NYSE:BALY)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Bally’s Co. (NYSE:BALY) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,251 shares of the company’s stock after selling 1,464 shares during the period. Charles Schwab Investment Management Inc. owned about 0.49% of Bally’s worth $3,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of Bally’s by 7.0% in 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Bally’s by 120.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company’s stock worth $707,000 after acquiring an additional 22,425 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Bally’s in the fourth quarter valued at approximately $401,000. Wolverine Asset Management LLC grew its holdings in Bally’s by 30.3% in the fourth quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company’s stock worth $3,099,000 after purchasing an additional 40,250 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Bally’s by 63.7% during the third 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. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Stock Down 7.1 %

Bally’s stock opened at $12.95 on Friday. Bally’s Co. has a fifty-two week low of $10.00 and a fifty-two week high of $18.98. The company has a market cap of $628.01 million, a PE ratio of -0.86 and a beta of 2.14. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The business’s 50-day simple moving average is $16.73 and its two-hundred day simple moving average is $17.31.

Bally’s (NYSE:BALY) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of ($0.76) by $1.34. Bally’s had a negative net margin of 30.04% and a negative return on equity of 79.10%. The company had revenue of $580.37 million for the quarter, compared to the consensus estimate of $589.83 million. Equities analysts anticipate that Bally’s Co. will post -7.26 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BALY shares. Citizens Jmp raised Bally’s to a “hold” rating in a research report on Tuesday, March 18th. Barclays lowered their price target on Bally’s from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Finally, Stifel Nicolaus cut their price objective on shares of Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Bally’s has a consensus rating of “Hold” and a consensus target price 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.