Bally’s Co. (NYSE:BALY) Shares Sold by State Street Corp

State Street Corp lowered its holdings in Bally’s Co. (NYSE:BALY) by 9.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 599,002 shares of the company’s stock after selling 66,171 shares during the period. State Street Corp’s holdings in Bally’s were worth $10,333,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Longfellow Investment Management Co. LLC purchased a new stake in Bally’s in the third quarter valued at $38,000. Point72 DIFC Ltd acquired a new stake in shares of Bally’s during the third quarter worth $48,000. Quest Partners LLC purchased a new stake in shares of Bally’s in the second quarter valued at about $131,000. SG Americas Securities LLC purchased a new stake in shares of Bally’s in the third quarter valued at approximately $153,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Bally’s in the 2nd quarter worth about $217,000. Institutional investors and hedge funds own 70.41% of the company’s stock.

Bally’s Price Performance

BALY opened at $17.75 on Friday. Bally’s Co. has a 1 year low of $9.74 and a 1 year high of $18.00. The company’s 50 day simple moving average is $17.68 and its 200 day simple moving average is $16.25. The stock has a market capitalization of $721.84 million, a PE ratio of -1.18 and a beta of 2.06. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56.

About Bally’s

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.