Bally’s (NYSE:BALY) Sets New 12-Month High – Still a Buy?

Bally’s Co. (NYSE:BALY) hit a new 52-week high on Friday . The company traded as high as $18.00 and last traded at $17.98, with a volume of 261845 shares changing hands. The stock had previously closed at $17.88.

Bally’s Stock Up 0.4 %

The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. The stock has a market capitalization of $730.38 million, a P/E ratio of -1.19 and a beta of 2.06. The stock’s fifty day moving average is $17.73 and its two-hundred day moving average is $16.46.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in Bally’s in the 2nd quarter valued at $560,000. King Street Capital Management L.P. bought a new stake in Bally’s during the third quarter worth $6,784,000. Vestcor Inc acquired a new position in shares of Bally’s during the 3rd quarter worth about $1,725,000. Anson Funds Management LP bought a new position in Bally’s during the third quarter worth about $1,394,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Bally’s in the second quarter valued at approximately $843,000. Institutional investors and hedge funds 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.