New York Life Investment Management LLC Has $6.38 Million Holdings in Bally’s Co. (NYSE:BALY)

New York Life Investment Management LLC lessened its stake in shares of Bally’s Co. (NYSE:BALY) by 15.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 356,605 shares of the company’s stock after selling 64,604 shares during the period. New York Life Investment Management LLC’s holdings in Bally’s were worth $6,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of BALY. Alpine Associates Management Inc. purchased a new position in Bally’s during the 3rd quarter valued at about $26,665,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Bally’s during the 3rd quarter valued at about $7,326,000. King Street Capital Management L.P. purchased a new position in Bally’s during the 3rd quarter valued at about $6,784,000. Glazer Capital LLC purchased a new position in Bally’s during the 3rd quarter valued at about $4,369,000. Finally, Verition Fund Management LLC purchased a new position in Bally’s during the 3rd quarter valued at about $3,754,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Trading Up 0.3 %

NYSE:BALY opened at $15.79 on Friday. 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 Co. has a fifty-two week low of $10.00 and a fifty-two week high of $23.20. The stock’s 50-day moving average is $17.36 and its two-hundred day moving average is $17.43. The stock has a market cap of $642.13 million, a PE ratio of -1.05 and a beta of 2.05.

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.