Algert Global LLC Acquires 13,857 Shares of Bally’s Co. (NYSE:BALY)

Algert Global LLC lifted its position in Bally’s Co. (NYSE:BALY) by 21.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 79,033 shares of the company’s stock after acquiring an additional 13,857 shares during the quarter. Algert Global LLC’s holdings in Bally’s were worth $1,363,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BALY. SG Americas Securities LLC bought a new stake in Bally’s during the third quarter worth approximately $153,000. Quest Partners LLC bought a new position in Bally’s in the second quarter worth approximately $131,000. Pekin Hardy Strauss Inc. bought a new position in Bally’s in the second quarter worth approximately $217,000. Price T Rowe Associates Inc. MD raised its stake in Bally’s by 7.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,132 shares of the company’s stock worth $281,000 after buying an additional 1,394 shares in the last quarter. Finally, PEAK6 Investments LLC increased its position in shares of Bally’s by 20.2% during the first quarter. PEAK6 Investments LLC now owns 26,478 shares of the company’s stock worth $369,000 after purchasing an additional 4,446 shares in the last quarter. 70.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Bally’s from $14.00 to $18.25 and gave the company a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group upped their price target on shares of Bally’s from $13.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Barclays increased their target price on shares of Bally’s from $10.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.14.

Bally’s Stock Up 0.1 %

BALY stock opened at $17.76 on Friday. The company has a market cap of $722.25 million, a price-to-earnings ratio of -1.18 and a beta of 2.07. 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 $18.00. The firm has a 50-day moving average of $17.52 and a two-hundred day moving average of $15.49.

Bally’s 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.