Bally'sBALY
About: Ballys Corp is a casino entertainment company with a growing omni-channel presence. It currently owns and manages 15 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, formerly Gamesys Group, a online gaming operator, Bally Bet, a sports betting platform, and Bally Casino, a iCasino platform. The Company's casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms.
Employees: 10,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
299% more call options, than puts
Call options by funds: $2.66M | Put options by funds: $667K
2.43% more ownership
Funds ownership: 66.48% [Q1] → 68.91% (+2.43%) [Q2]
10% less capital invested
Capital invested by funds: $371M [Q1] → $334M (-$37.4M) [Q2]
11% less funds holding
Funds holding: 119 [Q1] → 106 (-13) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
31% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 39
41% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 32
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Jefferies David Katz 50% 1-year accuracy 5 / 10 met price target | 2%downside $17 | Buy Maintained | 2 Aug 2024 |
Barclays Brandt Montour 72% 1-year accuracy 42 / 58 met price target | 4%upside $18 | Equal-Weight Maintained | 1 Aug 2024 |
Stifel Jeffrey Stantial 41% 1-year accuracy 9 / 22 met price target | 5%upside $18.25 | Hold Maintained | 1 Aug 2024 |
Wells Fargo Daniel Politzer 77% 1-year accuracy 36 / 47 met price target | 5%upside $18.25 | Equal-Weight Upgraded | 29 Jul 2024 |
TD Cowen Lance Vitanza 78% 1-year accuracy 7 / 9 met price target | 5%upside $18.25 | Hold Downgraded | 26 Jul 2024 |
Financial journalist opinion
Based on 14 articles about BALY published over the past 30 days