Quad Capital Management Advisors LLC acquired a new stake in International Game Technology (NYSE:IGT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 35,000 shares of the company’s stock, valued at approximately $928,000. International Game Technology accounts for 0.4% of Quad Capital Management Advisors LLC’s holdings, making the stock its 28th biggest holding.
Several other hedge funds have also recently bought and sold shares of the stock. Northern Trust Corp raised its holdings in shares of International Game Technology by 0.3% in the 2nd quarter. Northern Trust Corp now owns 287,236 shares of the company’s stock valued at $5,257,000 after buying an additional 887 shares during the period. Rhumbline Advisers increased its holdings in International Game Technology by 2.6% during the 3rd quarter. Rhumbline Advisers now owns 97,671 shares of the company’s stock worth $2,398,000 after purchasing an additional 2,516 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in International Game Technology by 101.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock worth $116,000 after purchasing an additional 2,911 shares during the period. Nationwide Fund Advisors increased its holdings in International Game Technology by 9.6% during the 3rd quarter. Nationwide Fund Advisors now owns 39,477 shares of the company’s stock worth $969,000 after purchasing an additional 3,455 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in International Game Technology by 35.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,774 shares of the company’s stock worth $418,000 after purchasing an additional 4,130 shares during the period. Hedge funds and other institutional investors own 40.70% of the company’s stock.
Several equities research analysts have weighed in on IGT shares. Bank of America upped their price target on International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Deutsche Bank upped their price target on International Game Technology to $34.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine downgraded International Game Technology from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Jefferies Group started coverage on International Game Technology in a report on Tuesday, February 20th. They set a “buy” rating and a $33.00 price target on the stock. Finally, Argus upgraded International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $31.25.
Shares of International Game Technology (NYSE IGT) opened at $31.00 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.75 and a debt-to-equity ratio of 2.87. International Game Technology has a 1-year low of $17.25 and a 1-year high of $31.00. The firm has a market capitalization of $6,220.00 and a PE ratio of -5.84.
International Game Technology (NYSE:IGT) last released its quarterly earnings data on Thursday, March 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.37). International Game Technology had a negative net margin of 21.64% and a positive return on equity of 9.98%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. equities analysts expect that International Game Technology will post 1.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.58%. International Game Technology’s payout ratio is currently -15.21%.
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International Game Technology Company Profile
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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