52,910 Shares in Bally’s Co. (NYSE:BALY) Bought by Orvieto Partners L.P.

Orvieto Partners L.P. bought a new stake in Bally’s Co. (NYSE:BALY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,910 shares of the company’s stock, valued at approximately $947,000.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in Bally’s by 63.7% in the 3rd quarter. Barclays PLC now owns 37,419 shares of the company’s stock worth $645,000 after buying an additional 14,567 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Bally’s in the 3rd quarter worth approximately $482,000. JPMorgan Chase & Co. boosted its stake in shares of Bally’s by 120.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company’s stock valued at $707,000 after purchasing an additional 22,425 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Bally’s by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock valued at $170,000 after purchasing an additional 624 shares during the last quarter. Finally, Alberta Investment Management Corp raised its position in Bally’s by 54.0% in the 4th quarter. Alberta Investment Management Corp now owns 38,503 shares of the company’s stock worth $689,000 after purchasing an additional 13,503 shares during the period. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Trading Down 10.2 %

BALY opened at $15.04 on Thursday. The firm has a market capitalization of $729.59 million, a price-to-earnings ratio of -1.00 and a beta of 2.02. Bally’s Co. has a one year low of $10.00 and a one year high of $18.98. The business has a 50 day simple moving average of $15.39 and a two-hundred day simple moving average of $16.88. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.

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

Analysts Set New Price Targets

BALY has been the subject of several analyst reports. 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 research report on Thursday, March 6th. Barclays reduced 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. Finally, Citizens Jmp upgraded Bally’s to a “hold” rating in a research report on Tuesday, March 18th. 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 presently has a consensus rating of “Hold” and a consensus price target of $17.13.

Bally’s Company 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.