Tudor Investment Corp ET AL Has $1.03 Million Holdings in Bally’s Co. (NYSE:BALY)

Tudor Investment Corp ET AL grew its position in shares of Bally’s Co. (NYSE:BALY) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,399 shares of the company’s stock after acquiring an additional 7,340 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Bally’s were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BALY. Alliancebernstein L.P. increased its holdings in Bally’s by 6.3% during the 4th quarter. Alliancebernstein L.P. now owns 379,812 shares of the company’s stock worth $6,795,000 after purchasing an additional 22,573 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Bally’s by 7.5% during the fourth quarter. Gabelli Funds LLC now owns 369,934 shares of the company’s stock valued at $6,618,000 after buying an additional 25,786 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Bally’s by 1.4% during the fourth quarter. Hsbc Holdings PLC now owns 363,344 shares of the company’s stock worth $6,507,000 after buying an additional 5,147 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Bally’s by 33.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 251,000 shares of the company’s stock valued at $4,490,000 after buying an additional 63,300 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Bally’s by 30.3% during the 4th quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company’s stock valued at $3,099,000 after acquiring an additional 40,250 shares in the last quarter. 70.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on BALY shares. Citizens Jmp upgraded shares of Bally’s to a “hold” rating in a research note on Tuesday, March 18th. Stifel Nicolaus reduced their price objective 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. Finally, Barclays decreased their price objective on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.13.

Bally’s Stock Performance

NYSE BALY opened at $11.68 on Wednesday. The company has a market capitalization of $566.60 million, a PE ratio of -0.78 and a beta of 2.04. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. Bally’s Co. has a 52-week low of $10.00 and a 52-week high of $18.98. The company has a 50-day simple moving average of $14.83 and a 200 day simple moving average of $16.59.

Bally’s (NYSE:BALY) last issued 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 analyst estimates of $589.83 million. On average, research analysts predict that Bally’s Co. will post -7.26 EPS for the current 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.