SG Americas Securities LLC lifted its position in Bally’s Co. (NYSE:BALY – Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,493 shares of the company’s stock after acquiring an additional 624 shares during the quarter. SG Americas Securities LLC’s holdings in Bally’s were worth $170,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpine Associates Management Inc. purchased a new position in Bally’s during the third quarter valued at approximately $26,665,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Bally’s in the 3rd quarter worth approximately $7,326,000. King Street Capital Management L.P. acquired a new stake in shares of Bally’s during the 3rd quarter valued at $6,784,000. Glazer Capital LLC purchased a new position in shares of Bally’s during the 3rd quarter valued at $4,369,000. Finally, Verition Fund Management LLC acquired a new position in shares of Bally’s in the third quarter worth $3,754,000. Institutional investors and hedge funds own 70.41% of the company’s stock.
Bally’s Price Performance
Shares of NYSE:BALY opened at $18.24 on Monday. The business has a fifty day simple moving average of $17.94 and a 200 day simple moving average of $17.56. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. Bally’s Co. has a 1 year low of $9.74 and a 1 year high of $18.38. The firm has a market cap of $741.82 million, a price-to-earnings ratio of -1.21 and a beta of 2.05.
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.
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