Centiva Capital LP Takes $3.49 Million Position in Bally’s Co. (NYSE:BALY)

Centiva Capital LP purchased a new position in Bally’s Co. (NYSE:BALY) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 202,168 shares of the company’s stock, valued at approximately $3,487,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Longfellow Investment Management Co. LLC bought a new position in Bally’s in the 3rd quarter valued at $38,000. SG Americas Securities LLC bought a new position in shares of Bally’s in the third quarter worth about $153,000. Quest Partners LLC purchased a new position in Bally’s in the 2nd quarter worth about $131,000. Pekin Hardy Strauss Inc. bought a new stake in Bally’s during the 2nd quarter valued at about $217,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Bally’s by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,132 shares of the company’s stock valued at $281,000 after buying an additional 1,394 shares during the period. 70.41% of the stock is owned by institutional investors.

Bally’s Price Performance

Shares of BALY stock opened at $17.73 on Monday. The company’s 50-day simple moving average is $17.54 and its two-hundred day simple moving average is $15.58. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. Bally’s Co. has a one year low of $9.74 and a one year high of $18.00. The company has a market capitalization of $721.03 million, a P/E ratio of -1.18 and a beta of 2.07.

Bally’s 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.