Bally’s Co. (NYSE:BALY) Stake Reduced by New York Life Investment Management LLC

New York Life Investment Management LLC cut its holdings in Bally’s Co. (NYSE:BALY) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 356,605 shares of the company’s stock after selling 64,604 shares during the quarter. New York Life Investment Management LLC owned about 0.88% of Bally’s worth $6,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in Bally’s by 7.0% in the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock worth $170,000 after acquiring an additional 624 shares in the last quarter. JPMorgan Chase & Co. raised its position in Bally’s by 120.7% in the third quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company’s stock worth $707,000 after acquiring an additional 22,425 shares in the last quarter. Wolverine Asset Management LLC raised its position in Bally’s by 30.3% in the fourth quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company’s stock worth $3,099,000 after acquiring an additional 40,250 shares in the last quarter. Barclays PLC raised its position in Bally’s by 63.7% in the third quarter. Barclays PLC now owns 37,419 shares of the company’s stock worth $645,000 after acquiring an additional 14,567 shares in the last quarter. Finally, King Street Capital Management L.P. bought a new stake in Bally’s in the third quarter worth about $6,784,000. 70.41% of the stock is currently owned by institutional investors.

Bally’s Price Performance

Shares of Bally’s stock opened at $15.79 on Friday. The company’s 50-day moving average price is $17.36 and its two-hundred day moving average price is $17.43. 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 stock has a market cap of $642.13 million, a PE ratio of -1.05 and a beta of 2.05. Bally’s Co. has a 52 week low of $10.00 and a 52 week high of $23.20.

Bally’s Profile

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.