22,434 Shares in Bally’s Co. (NYSE:BALY) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Bally’s Co. (NYSE:BALY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 22,434 shares of the company’s stock, valued at approximately $401,000.

A number of other institutional investors have also recently bought and sold shares of BALY. Longfellow Investment Management Co. LLC acquired a new stake in shares of Bally’s in the third quarter valued at approximately $38,000. Point72 DIFC Ltd acquired a new stake in Bally’s during the third quarter worth approximately $48,000. SG Americas Securities LLC increased its stake in Bally’s by 7.0% during 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 during the period. Quest Partners LLC raised its holdings in Bally’s by 78.9% in the 3rd quarter. Quest Partners LLC now owns 19,517 shares of the company’s stock valued at $337,000 after acquiring an additional 8,608 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Bally’s during the 3rd quarter valued at $381,000. Institutional investors own 70.41% of the company’s stock.

Bally’s Trading Down 2.6 %

BALY opened at $17.78 on Tuesday. The company has a market cap of $862.51 million, a P/E ratio of -1.18 and a beta of 2.14. 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 company’s 50 day moving average is $16.96 and its 200-day moving average is $17.38. Bally’s Co. has a 1-year low of $10.00 and a 1-year high of $18.98.

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

Wall Street Analyst Weigh In

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