Bally’s (NYSE:BALY) Reaches New 52-Week High – Here’s Why

Bally’s Co. (NYSE:BALY)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.18 and last traded at $18.13, with a volume of 11418 shares trading hands. The stock had previously closed at $18.13.

Bally’s Stock Performance

The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The business has a 50 day moving average price of $17.86 and a 200 day moving average price of $17.24. The stock has a market cap of $737.14 million, a P/E ratio of -1.20 and a beta of 2.04.

Institutional Trading of Bally’s

A number of large investors have recently made changes to their positions in BALY. Longfellow Investment Management Co. LLC bought a new stake in Bally’s during the 3rd quarter valued at about $38,000. Point72 DIFC Ltd bought a new stake in shares of Bally’s during the third quarter valued at approximately $48,000. SG Americas Securities LLC purchased a new stake in shares of Bally’s in the third quarter valued at approximately $153,000. Quest Partners LLC grew its stake in Bally’s by 78.9% in the third quarter. Quest Partners LLC now owns 19,517 shares of the company’s stock worth $337,000 after purchasing an additional 8,608 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Bally’s during the 3rd quarter valued at $381,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

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.