Were Hedge Funds Right About Dumping Bally’s Corporation (BALY)?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 866 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st. In this article we look at what those investors think of Bally’s Corporation (NYSE:BALY).
Is
Bally’s Corporation (NYSE:BALY) the right investment to pursue these days? Investors who are in the know were becoming less hopeful. The number of long hedge fund bets decreased by 7 in recent months. Bally’s Corporation (NYSE:BALY) was in 18 hedge funds’ portfolios at the end of March. The all time high for this statistic is 25. Our calculations also showed that BALY isn’t among the 30 most popular stocks among hedge funds (click for Q1 rank
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Rumors of Amazon’s interest in MGM have proven true after the online retailer announced it will pay $8.45 billion for the venerable studio, Amazon will have to prove that its library can live up to a richer price tag than the one Walt Disney paid for Marvel Entertainment and Lucasfilm.
Amazon.com, Inc. is buying MGM Studios (Metro-Goldwyn-Mayer Studios Inc.) for US$ 8.45 billion. This is Amazon’s second biggest deal, just behind its US$ 13.7 billion acquisition of Whole Foods in 2017. To give Amazon Studios a needed boost against Netflix, Amazon seeks to leverage MGM’s storied filmmaking history and wide-ranging catalog of 4,000 films and […]