Longfellow Investment Management Co. LLC Invests $38,000 in Bally’s Co. (NYSE:BALY)

Longfellow Investment Management Co. LLC acquired a new stake in shares of Bally’s Co. (NYSE:BALY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,207 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BALY. Quest Partners LLC bought a new position in shares of Bally’s during the 2nd quarter valued at $131,000. SG Americas Securities LLC purchased a new stake in Bally’s during the third quarter valued at $153,000. Pekin Hardy Strauss Inc. purchased a new stake in Bally’s during the second quarter valued at $217,000. Price T Rowe Associates Inc. MD lifted its holdings in Bally’s by 7.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,132 shares of the company’s stock valued at $281,000 after acquiring an additional 1,394 shares during the period. Finally, PEAK6 Investments LLC boosted its position in Bally’s by 20.2% in the first quarter. PEAK6 Investments LLC now owns 26,478 shares of the company’s stock worth $369,000 after purchasing an additional 4,446 shares during the last quarter. Institutional investors own 70.41% of the company’s stock.

Bally’s Stock Down 0.1 %

NYSE:BALY opened at $17.72 on Monday. The business’s 50-day simple moving average is $17.50 and its two-hundred day simple moving average is $15.41. Bally’s Co. has a 52 week low of $9.74 and a 52 week high of $18.00. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BALY shares. Jefferies Financial Group increased their price objective on shares of Bally’s from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus increased their price target on shares of Bally’s from $14.00 to $18.25 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Company raised shares of Bally’s from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $11.00 to $18.25 in a research report on Monday, July 29th. Finally, Barclays raised their target price on Bally’s from $10.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.14.

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.