Bally’s Co. (NYSE:BALY) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Bally’s Co. (NYSE:BALY) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,251 shares of the company’s stock after selling 1,464 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Bally’s were worth $3,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Bally’s by 7.0% in the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock worth $170,000 after acquiring an additional 624 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Bally’s by 120.7% in the third quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company’s stock valued at $707,000 after purchasing an additional 22,425 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Bally’s during the fourth quarter worth about $401,000. Wolverine Asset Management LLC raised its position in shares of Bally’s by 30.3% during the 4th quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company’s stock worth $3,099,000 after purchasing an additional 40,250 shares during the last quarter. Finally, Barclays PLC lifted its stake in Bally’s by 63.7% in the 3rd quarter. Barclays PLC now owns 37,419 shares of the company’s stock valued at $645,000 after buying an additional 14,567 shares in the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citizens Jmp upgraded Bally’s to a “hold” rating in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their price target on Bally’s from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. Finally, Barclays cut their price objective on shares of Bally’s from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Bally’s currently has a consensus rating of “Hold” and a consensus price target of $17.13.

Bally’s Stock Performance

Bally’s stock opened at $12.95 on Friday. The stock has a market cap of $628.01 million, a price-to-earnings ratio of -0.86 and a beta of 2.14. 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 firm has a 50 day simple moving average of $16.73 and a 200-day simple moving average of $17.31. Bally’s Co. has a 1-year low of $10.00 and a 1-year high of $18.98.

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

Bally’s 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.