63,413 Shares in Bally’s Co. (NYSE:BALY) Purchased by Regatta Capital Group LLC

Regatta Capital Group LLC acquired a new stake in Bally’s Co. (NYSE:BALY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 63,413 shares of the company’s stock, valued at approximately $780,000. Regatta Capital Group LLC owned approximately 0.13% of Bally’s at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Bally’s during the 4th quarter worth about $58,000. SG Americas Securities LLC increased its stake in shares of Bally’s by 7.0% during the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock worth $170,000 after purchasing an additional 624 shares during the period. Intech Investment Management LLC acquired a new stake in Bally’s during the 4th quarter worth approximately $196,000. Two Sigma Advisers LP bought a new stake in Bally’s in the 4th quarter valued at $250,000. Finally, Wells Fargo & Company MN grew its holdings in Bally’s by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,055 shares of the company’s stock valued at $251,000 after buying an additional 860 shares in the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BALY shares. Citizens Jmp raised shares of Bally’s to a “hold” rating in a research report on Tuesday, March 18th. Stifel Nicolaus decreased their target price on shares of Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Finally, Barclays dropped their price target on shares of Bally’s from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 13th. Seven 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, Bally’s currently has an average rating of “Hold” and a consensus price target of $16.96.

Bally’s Stock Performance

NYSE BALY opened at $9.73 on Monday. The firm’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $15.44. The firm has a market capitalization of $476.90 million, a price-to-earnings ratio of -0.65 and a beta of 1.86. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. Bally’s Co. has a 1 year low of $8.70 and a 1 year high of $18.98.

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

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.