Quantbot Technologies LP Sells 4,017 Shares of Bally’s Co. (NYSE:BALY)

Quantbot Technologies LP cut its holdings in Bally’s Co. (NYSE:BALY) by 16.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,990 shares of the company’s stock after selling 4,017 shares during the period. Quantbot Technologies LP owned approximately 0.05% of Bally’s worth $376,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Bally’s during the 3rd quarter worth approximately $48,000. SG Americas Securities LLC boosted its stake in shares of Bally’s by 7.0% in the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock valued at $170,000 after buying an additional 624 shares during the period. Intech Investment Management LLC acquired a new stake in Bally’s during the fourth quarter worth approximately $196,000. XTX Topco Ltd bought a new position in Bally’s during the 3rd quarter worth $381,000. Finally, Proficio Capital Partners LLC acquired a new position in Bally’s in the 4th quarter valued at $401,000. 70.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

BALY has been the topic of several analyst reports. Stifel Nicolaus reduced their target price on Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Citizens Jmp upgraded shares of Bally’s to a “hold” rating in a research report on Tuesday, March 18th. Finally, Barclays cut their price target on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.13.

Bally’s Trading Down 6.0 %

BALY opened at $11.88 on Friday. The company has a market cap of $576.20 million, a P/E ratio of -0.79 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 $16.61 and its 200-day moving average is $17.28. Bally’s Co. has a 1-year low of $10.00 and a 1-year high of $18.98.

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

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.