Alberta Investment Management Corp Raises Stock Position in Bally’s Co. (NYSE:BALY)

Alberta Investment Management Corp grew its holdings in Bally’s Co. (NYSE:BALY) by 54.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,503 shares of the company’s stock after buying an additional 13,503 shares during the period. Alberta Investment Management Corp’s holdings in Bally’s were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Longfellow Investment Management Co. LLC bought a new stake in shares of Bally’s in the 3rd quarter worth about $38,000. Point72 DIFC Ltd bought a new stake in shares of Bally’s in the 3rd quarter worth about $48,000. SG Americas Securities LLC lifted its holdings in shares of 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 during the last quarter. Quest Partners LLC lifted its holdings in shares of Bally’s by 78.9% in the 3rd quarter. Quest Partners LLC now owns 19,517 shares of the company’s stock worth $337,000 after acquiring an additional 8,608 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Bally’s in the 3rd quarter worth about $381,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

Bally’s Price Performance

Bally’s stock opened at $16.34 on Friday. The firm has a 50-day moving average price of $17.59 and a 200-day moving average price of $17.49. The firm has a market capitalization of $664.30 million, a PE ratio of -1.08 and a beta of 2.05. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. Bally’s Co. has a 12-month low of $10.00 and a 12-month high of $23.20.

Bally’s Company 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.