Bally’s Co. (NYSE:BALY) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of Bally’s Co. (NYSE:BALY) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,560 shares of the company’s stock after selling 22,142 shares during the quarter. Geode Capital Management LLC owned approximately 1.36% of Bally’s worth $9,534,000 as of its most recent SEC filing.

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

Bally’s Price Performance

Bally’s stock opened at $17.89 on Thursday. 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 company’s fifty day moving average price is $17.71 and its 200 day moving average price is $16.44. The stock has a market capitalization of $727.53 million, a P/E ratio of -1.19 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.