New York State Common Retirement Fund Has $10.58 Million Stake in International Game Technology (NYSE:IGT)

New York State Common Retirement Fund decreased its stake in shares of International Game Technology (NYSE:IGT) by 42.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 430,983 shares of the company’s stock after selling 315,714 shares during the period. New York State Common Retirement Fund owned about 0.21% of International Game Technology worth $10,581,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Zweig DiMenna Associates LLC lifted its position in International Game Technology by 77.9% during the third quarter. Zweig DiMenna Associates LLC now owns 350,159 shares of the company’s stock valued at $8,596,000 after purchasing an additional 153,300 shares during the period. Alps Advisors Inc. lifted its position in International Game Technology by 55.7% during the third quarter. Alps Advisors Inc. now owns 67,171 shares of the company’s stock valued at $1,649,000 after purchasing an additional 24,040 shares during the period. Jennison Associates LLC bought a new position in International Game Technology during the third quarter valued at approximately $24,418,000. Gabelli Funds LLC lifted its position in International Game Technology by 11.3% during the third quarter. Gabelli Funds LLC now owns 194,914 shares of the company’s stock valued at $4,785,000 after purchasing an additional 19,800 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in International Game Technology by 47.6% during the third quarter. Gamco Investors INC. ET AL now owns 395,553 shares of the company’s stock valued at $9,711,000 after purchasing an additional 127,500 shares during the period. Institutional investors own 40.64% of the company’s stock.

Shares of International Game Technology (NYSE IGT) traded up $0.39 during mid-day trading on Thursday, reaching $28.03. 869,190 shares of the company’s stock were exchanged, compared to its average volume of 1,166,506. International Game Technology has a twelve month low of $17.25 and a twelve month high of $29.36. The stock has a market capitalization of $5,590.00 and a PE ratio of -6.21. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66.

International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, November 14th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.16. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. sell-side analysts predict that International Game Technology will post 1.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th were paid a $0.20 dividend. The ex-dividend date was Monday, November 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%.

A number of research analysts recently weighed in on the stock. ValuEngine downgraded shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Deutsche Bank initiated coverage on shares of International Game Technology in a research report on Tuesday, September 26th. They set a “buy” rating and a $30.00 price objective on the stock. Bank of America raised shares of International Game Technology from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $30.00 in a report on Wednesday, September 20th. Finally, Argus raised shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.70.

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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.

Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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