Exchange Traded Concepts LLC Sells 8,405 Shares of Bally’s Co. (NYSE:BALY)

Exchange Traded Concepts LLC lowered its position in Bally’s Co. (NYSE:BALY) by 13.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,700 shares of the company’s stock after selling 8,405 shares during the period. Exchange Traded Concepts LLC owned about 0.13% of Bally’s worth $979,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Alpine Associates Management Inc. purchased a new position in shares of Bally’s in the third quarter worth $26,665,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Bally’s in the 3rd quarter worth $7,326,000. King Street Capital Management L.P. bought a new position in shares of Bally’s during the 3rd quarter valued at about $6,784,000. Glazer Capital LLC purchased a new position in shares of Bally’s during the third quarter valued at about $4,369,000. Finally, Verition Fund Management LLC bought a new stake in shares of Bally’s in the third quarter worth about $3,754,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Price Performance

Shares of Bally’s stock opened at $18.13 on Wednesday. The firm has a market cap of $737.14 million, a PE ratio of -1.20 and a beta of 2.04. The stock has a 50 day moving average of $17.87 and a 200 day moving average of $17.31. 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 12 month low of $9.74 and a 12 month high of $18.18.

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.