Bally’s (NYSE:BALY) Rating Increased to Hold at Citizens Jmp

Citizens Jmp upgraded shares of Bally’s (NYSE:BALY) to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on BALY. Barclays decreased their target price on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note 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 on the stock in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Bally’s presently has an average rating of “Hold” and an average target price of $17.13.

Bally’s Stock Performance

NYSE BALY opened at $17.87 on Tuesday. The firm’s fifty day moving average price is $16.96 and its two-hundred day moving average price is $17.36. The stock has a market cap of $864.67 million, a PE ratio of -1.19 and a beta of 2.14. Bally’s has a fifty-two week low of $10.00 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56.

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

Institutional Trading of Bally’s

Institutional investors have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC bought a new stake in Bally’s during the third quarter valued at $38,000. Point72 DIFC Ltd bought a new stake in Bally’s during the third quarter valued at $48,000. BNP Paribas Financial Markets bought a new stake in Bally’s during the fourth quarter valued at $58,000. SG Americas Securities LLC boosted its position in Bally’s by 7.0% during the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock valued at $170,000 after acquiring an additional 624 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Bally’s during the fourth quarter valued at $196,000. Institutional investors 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.