Bally’s (NYSE:BALY) Sets New 12-Month High – Here’s What Happened

Shares of Bally’s Co. (NYSE:BALY) hit a new 52-week high during trading on Thursday . The stock traded as high as $18.02 and last traded at $18.00, with a volume of 809724 shares. The stock had previously closed at $17.93.

Bally’s Price Performance

The firm has a market cap of $729.16 million, a P/E ratio of -1.19 and a beta of 2.04. The firm’s fifty day simple moving average is $17.79 and its 200 day simple moving average is $16.73. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56.

Hedge Funds Weigh In On Bally’s

Institutional investors have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC bought a new position in shares of Bally’s during the 3rd quarter valued at approximately $38,000. Point72 DIFC Ltd purchased a new position in shares of Bally’s in the 3rd quarter worth $48,000. Quest Partners LLC bought a new stake in shares of Bally’s in the 2nd quarter worth about $131,000. SG Americas Securities LLC purchased a new stake in shares of Bally’s during the 3rd quarter valued at about $153,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Bally’s in the 2nd quarter valued at about $217,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Company Profile

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.