Fintel studies that on May 23, 2023, Jefferies maintained protection of Ballys (NYSE:BALY) with a Hold advice.
Analyst Price Forecast Suggests 48.89% Upside
As of May 11, 2023, the typical one-year worth goal for Ballys is 23.08. The forecasts vary from a low of 17.17 to a excessive of $36.75. The common worth goal represents a rise of 48.89% from its newest reported closing worth of 15.50.
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The projected annual income for Ballys is 2,498MM, a rise of 8.32%. The projected annual non-GAAP EPS is 0.04.
What is the Fund Sentiment?
There are 251 funds or establishments reporting positions in Ballys. This is a lower of 16 proprietor(s) or 5.99% within the final quarter. Average portfolio weight of all funds devoted to BALY is 0.33%, a rise of seven.24%. Total shares owned by establishments decreased within the final three months by 2.59% to 30,749K shares. 
The put/name ratio of BALY is 0.31, indicating a bullish outlook.
What are Other Shareholders Doing?
Standard General holds 10,590K shares representing 23.05% possession of the corporate. No change within the final quarter.
HG Vora Capital Management holds 2,250K shares representing 4.90% possession of the corporate. In it is prior submitting, the agency reported proudly owning 3,250K shares, representing a lower of 44.44%. The agency decreased its portfolio allocation in BALY by 49.66% over the past quarter.
Vaughan Nelson Investment Management holds 1,226K shares representing 2.67% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,266K shares, representing a lower of three.25%. The agency elevated its portfolio allocation in BALY by 21,842.34% over the past quarter.
Polygon Management holds 1,050K shares representing 2.29% possession of the corporate. In it is prior submitting, the agency reported proudly owning 937K shares, representing a rise of 10.77%. The agency elevated its portfolio allocation in BALY by 1.27% over the past quarter.
Sycale Advisors holds 930K shares representing 2.03% possession of the corporate. In it is prior submitting, the agency reported proudly owning 900K shares, representing a rise of three.22%. The agency elevated its portfolio allocation in BALY by 84,223.15% over the past quarter.
Ballys Background Information
(This description is offered by the corporate.)
Bally’s Corporation at the moment owns and manages 11 casinos throughout seven states, a horse racetrack and 13 approved OTB licenses in Colorado. With greater than 5,900 staff, the Company’s operations embrace 13,260 slot machines, 459 sport tables and a pair of,941 resort rooms. Following the completion of pending acquisitions, which embrace Tropicana Evansville (Evansville, IN), Jumer’s Casino & Hotel (Rock Island, IL), and MontBleu Resort Casino & Spa (Lake Tahoe, NV), in addition to the development of a land-based on line casino close to the Nittany Mall in State College, PA, Bally’s will personal and handle 15 casinos throughout 11 states. Its shares commerce on the New York Stock Exchange underneath the ticker image ‘BALY.’
Key filings for this firm:
This story initially appeared on Fintel.
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