Virtu Financial LLC Sells 13,984 Shares of Bally’s Co. (NYSE:BALY)

Virtu Financial LLC decreased its position in shares of Bally’s Co. (NYSE:BALY) by 50.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,940 shares of the company’s stock after selling 13,984 shares during the quarter. Virtu Financial LLC’s holdings in Bally’s were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Citigroup Inc. raised its position in Bally’s by 8.8% in the 3rd quarter. Citigroup Inc. now owns 442,400 shares of the company’s stock worth $7,631,000 after buying an additional 35,901 shares during the last quarter. Algert Global LLC grew its position in Bally’s by 21.3% during the third quarter. Algert Global LLC now owns 79,033 shares of the company’s stock valued at $1,363,000 after buying an additional 13,857 shares during the period. Quantbot Technologies LP purchased a new stake in Bally’s during the third quarter valued at approximately $431,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Bally’s in the 3rd quarter worth $7,326,000. Finally, Verition Fund Management LLC bought a new position in shares of Bally’s in the third quarter worth about $3,754,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Bally’s Price Performance

Shares of BALY stock opened at $11.88 on Friday. The stock has a 50 day moving average price of $16.61 and a 200 day moving average price of $17.28. The firm has a market capitalization of $576.20 million, a P/E ratio of -0.79 and a beta of 2.14. 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 Co. has a 52-week low of $10.00 and a 52-week high of $18.98.

Bally’s (NYSE:BALY) last issued its earnings results on Monday, March 17th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of ($0.76) by $1.34. The business had revenue of $580.37 million for the quarter, compared to the consensus estimate of $589.83 million. Bally’s had a negative net margin of 30.04% and a negative return on equity of 79.10%. As a group, sell-side analysts predict that Bally’s Co. will post -7.26 earnings per share 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.