Barclays PLC Acquires 14,567 Shares of Bally’s Co. (NYSE:BALY)

Barclays PLC raised its holdings in shares of Bally’s Co. (NYSE:BALY) by 63.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,419 shares of the company’s stock after buying an additional 14,567 shares during the period. Barclays PLC’s holdings in Bally’s were worth $645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anson Funds Management LP purchased a new stake in shares of Bally’s during the third quarter valued at approximately $1,394,000. XTX Topco Ltd purchased a new stake in Bally’s during the 3rd quarter valued at $381,000. Point72 DIFC Ltd purchased a new stake in Bally’s during the 3rd quarter valued at $48,000. Centiva Capital LP bought a new stake in Bally’s in the 3rd quarter worth $3,487,000. Finally, Glazer Capital LLC purchased a new position in shares of Bally’s in the third quarter valued at about $4,369,000. 70.41% of the stock is owned by institutional investors.

Bally’s Stock Performance

Bally’s stock opened at $17.89 on Thursday. Bally’s Co. has a 1-year low of $9.74 and a 1-year high of $18.00. The firm has a market cap of $727.53 million, a P/E ratio of -1.19 and a beta of 2.06. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The firm has a 50-day moving average of $17.71 and a 200-day moving average of $16.44.

Bally’s Company Profile

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.