Bally’s Co. (NYSE:BALY – Get Free Report)’s share price rose 6.8% during mid-day trading on Monday . The stock traded as high as $18.24 and last traded at $18.02. Approximately 2,969 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 370,586 shares. The stock had previously closed at $16.87.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Barclays lowered 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 research report on Monday, March 10th. 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 note on Thursday, March 6th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.13.
Get Our Latest Stock Analysis on Bally’s
Bally’s Price Performance
Institutional Trading of Bally’s
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased 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 worth $170,000 after acquiring an additional 624 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 during the period. Proficio Capital Partners LLC acquired a new stake in shares of Bally’s in the fourth quarter worth $401,000. Wolverine Asset Management LLC increased its stake in shares of 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 during the period. Finally, Barclays PLC increased its stake in shares of 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 during the period. Institutional investors and hedge funds own 70.41% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Bally’s
- Health Care Stocks Explained: Why You Might Want to Invest
- Can TikTok Stock Picks Really Make You Rich?
- The Most Important Warren Buffett Stock for Investors: His Own
- The “Quality” Rotation: Back to Basics Investing
- How to Invest in Biotech Stocks
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Bally's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bally's and related companies with MarketBeat.com's FREE daily email newsletter.