Bally’s Co. (NYSE:BALY) Given Consensus Rating of “Hold” by Brokerages

Bally’s Co. (NYSE:BALY) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.00.

Separately, Stifel Nicolaus decreased their price objective 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.

Institutional Investors Weigh In On Bally’s

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP acquired a new position in Bally’s in the fourth quarter valued at $250,000. Man Group plc purchased a new stake in Bally’s during the fourth quarter worth about $5,187,000. K2 Principal Fund L.P. purchased a new stake in Bally’s during the fourth quarter worth about $1,262,000. Eisler Capital Management Ltd. purchased a new stake in Bally’s during the fourth quarter worth about $4,699,000. Finally, Deutsche Bank AG boosted its holdings in Bally’s by 49.1% during the fourth quarter. Deutsche Bank AG now owns 22,715 shares of the company’s stock worth $406,000 after buying an additional 7,485 shares in the last quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.

Bally’s Trading Down 0.1 %

Bally’s stock traded down $0.02 during trading on Thursday, hitting $12.97. The company had a trading volume of 4,992 shares, compared to its average volume of 402,138. The stock has a market cap of $527.49 million, a price-to-earnings ratio of -0.86 and a beta of 2.05. The company’s 50 day simple moving average is $17.23 and its 200-day simple moving average is $17.40. Bally’s has a 1-year low of $9.80 and a 1-year high of $18.38. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62.

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.