Alberta Investment Management Corp Purchases 13,503 Shares of Bally’s Co. (NYSE:BALY)

Alberta Investment Management Corp increased its position in shares of Bally’s Co. (NYSE:BALY) by 54.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,503 shares of the company’s stock after purchasing an additional 13,503 shares during the period. Alberta Investment Management Corp owned 0.09% of Bally’s worth $689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BALY. Alpine Associates Management Inc. purchased a new position in Bally’s during the third quarter valued at $26,665,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Bally’s during the third quarter valued at $7,326,000. King Street Capital Management L.P. purchased a new position in Bally’s during the third quarter valued at $6,784,000. Glazer Capital LLC purchased a new position in Bally’s during the third quarter valued at $4,369,000. Finally, Verition Fund Management LLC purchased a new position in Bally’s during the third quarter valued at $3,754,000. 70.41% of the stock is currently owned by institutional investors.

Bally’s Stock Performance

BALY opened at $16.34 on Friday. The stock has a market capitalization of $664.30 million, a price-to-earnings ratio of -1.08 and a beta of 2.05. The company has a fifty day moving average of $17.59 and a 200 day moving average of $17.49. Bally’s Co. has a fifty-two week low of $10.00 and a fifty-two week high of $23.20. 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 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.