Macquarie Group Ltd. boosted its stake in International Game Technology (NYSE:IGT) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 262,751 shares of the company’s stock after buying an additional 5,203 shares during the quarter. Macquarie Group Ltd. owned approximately 0.13% of International Game Technology worth $4,808,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AHL Partners LLP raised its position in International Game Technology by 34.4% in the 2nd quarter. AHL Partners LLP now owns 578,616 shares of the company’s stock valued at $10,589,000 after buying an additional 148,013 shares during the last quarter. Goldman Sachs Group Inc. raised its position in International Game Technology by 9.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock valued at $78,332,000 after buying an additional 386,229 shares during the last quarter. Clinton Group Inc. raised its position in International Game Technology by 105.9% in the 2nd quarter. Clinton Group Inc. now owns 237,141 shares of the company’s stock valued at $4,340,000 after buying an additional 121,965 shares during the last quarter. Tudor Investment Corp ET AL raised its position in International Game Technology by 571.5% in the 2nd quarter. Tudor Investment Corp ET AL now owns 110,795 shares of the company’s stock valued at $2,028,000 after buying an additional 94,295 shares during the last quarter. Finally, UBS Oconnor LLC purchased a new stake in International Game Technology in the 2nd quarter valued at $5,490,000. 37.43% of the stock is owned by institutional investors and hedge funds.
Shares of International Game Technology (NYSE IGT) traded up 0.44% on Friday, reaching $22.86. The company’s stock had a trading volume of 2,087,740 shares. International Game Technology has a 52-week low of $17.25 and a 52-week high of $32.07. The stock has a 50-day moving average of $23.24 and a 200 day moving average of $20.78. The company’s market cap is $4.64 billion.
International Game Technology (NYSE:IGT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.17). International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities research analysts forecast that International Game Technology will post $1.18 earnings per share for the current year.
A number of research analysts have issued reports on the company. Deutsche Bank AG assumed coverage on International Game Technology in a research note on Tuesday, September 26th. They issued a “buy” rating and a $30.00 price objective for the company. Bank of America Corporation upgraded International Game Technology from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $30.00 in a research note on Wednesday, September 20th. ValuEngine upgraded International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded International Game Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. International Game Technology presently has an average rating of “Hold” and a consensus price target of $28.13.
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About International Game Technology
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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