1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership increased its holdings in shares of International Game Technology PLC ( NYSE:IGT – Free Report ) by 54.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265,098 shares of the company’s stock after acquiring an additional 93,553 shares during the period.
Arrowstreet Capital Limited Partnership’s holdings in International Game Technology were worth $4,682,000 at the end of the most recent reporting period. Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc.
raised its holdings in shares of International Game Technology by 4.2% in the fourth quarter. Victory Capital Management Inc.
now owns 15,519 shares of the company’s stock valued at $274,000 after buying an additional 622 shares during the last quarter. Van ECK Associates Corp lifted its stake in International Game Technology by 5.1% in the fourth quarter.
Van ECK Associates Corp now owns 23,749 shares of the company’s stock valued at $419,000 after buying an additional 1,145 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of International Game Technology by 2.
6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 56,048 shares of the company’s stock valued at $990,000 after purchasing an additional 1,442 shares in the last quarter.
Mirae Asset Global Investments Co. Ltd. acquired a new position in International Game Technology during the fourth quarter worth $45,000.
Finally, Rhumbline Advisers boosted its position in International Game Technology by 2.0% during the fourth quarter. Rhumbline Advisers now owns 180,285 shares of the company’s stock valued at $3,184,000 after purchasing an additional 3,611 shares during the last quarter.
44.33% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In Several brokerages have recently weighed in on IGT.
Truist Financial dropped their price objective on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th.
StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, International Game Technology currently has a consensus rating of “Moderate Buy” and an average target price of $28.25.
International Game Technology Trading Up 1.4 % Shares of IGT stock opened at $14.73 on Tuesday.
The business has a 50-day moving average of $17.05 and a 200 day moving average of $18.51.
International Game Technology PLC has a 1-year low of $13.81 and a 1-year high of $24.13.
The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.
31. The stock has a market capitalization of $2.98 billion, a PE ratio of 24.
55 and a beta of 1.66. International Game Technology ( NYSE:IGT – Get Free Report ) last posted its earnings results on Tuesday, February 25th.
The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.
10). International Game Technology had a return on equity of 16.17% and a net margin of 4.
17%. The company had revenue of $651.00 million during the quarter, compared to the consensus estimate of $657.
84 million. During the same period last year, the firm posted $0.56 EPS.
The company’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that International Game Technology PLC will post 1.
24 earnings per share for the current year. International Game Technology Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.
20 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.
80 dividend on an annualized basis and a dividend yield of 5.43%. International Game Technology’s payout ratio is 46.
78%. International Game Technology Profile ( Free Report ) International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital.
The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services. Featured Stories Want to see what other hedge funds are holding IGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Game Technology PLC ( NYSE:IGT – Free Report ).
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