Sei Investments Co. decreased its holdings in shares of International Game Technology PLC (NYSE:IGT) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,226 shares of the company’s stock after selling 15,112 shares during the quarter. Sei Investments Co.’s holdings in International Game Technology were worth $788,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Great West Life Assurance Co. Can increased its stake in International Game Technology by 382.4% during the third quarter. Great West Life Assurance Co. Can now owns 1,423 shares of the company’s stock worth $32,000 after acquiring an additional 1,128 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of International Game Technology by 0.5% during the second quarter. California Public Employees Retirement System now owns 226,624 shares of the company’s stock worth $2,017,000 after buying an additional 1,149 shares during the period. California State Teachers Retirement System boosted its position in shares of International Game Technology by 0.9% during the third quarter. California State Teachers Retirement System now owns 150,327 shares of the company’s stock worth $1,673,000 after buying an additional 1,275 shares during the period. Advisors Asset Management Inc. boosted its position in shares of International Game Technology by 48.4% during the third quarter. Advisors Asset Management Inc. now owns 5,157 shares of the company’s stock worth $57,000 after buying an additional 1,682 shares during the period. Finally, Raymond James & Associates boosted its position in shares of International Game Technology by 1.4% during the third quarter. Raymond James & Associates now owns 142,447 shares of the company’s stock worth $1,585,000 after buying an additional 1,985 shares during the period. 39.67% of the stock is owned by institutional investors.
Shares of NYSE IGT opened at $16.94 on Friday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -4.21 and a beta of 2.25. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.08 and a quick ratio of 1.01. The business has a 50-day moving average of $14.00 and a two-hundred day moving average of $11.29. International Game Technology PLC has a 1 year low of $3.59 and a 1 year high of $17.14.
International Game Technology (NYSE:IGT) last posted its earnings results on Monday, November 16th. The company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.42. International Game Technology had a positive return on equity of 0.59% and a negative net margin of 21.60%. The business had revenue of $981.51 million for the quarter, compared to analysts’ expectations of $801.03 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was down 14.9% compared to the same quarter last year. As a group, equities research analysts expect that International Game Technology PLC will post -0.09 earnings per share for the current year.
Several research analysts have recently commented on the company. Macquarie raised their price target on International Game Technology from $15.00 to $16.00 in a research report on Thursday, September 24th. Union Gaming Research upgraded International Game Technology from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, November 13th. BidaskClub upgraded International Game Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 18th. Deutsche Bank Aktiengesellschaft raised their price target on International Game Technology from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 13th. Finally, Credit Suisse Group upgraded International Game Technology from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $5.00 to $14.00 in a report on Thursday, November 19th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. International Game Technology currently has a consensus rating of “Buy” and a consensus target price of $14.31.
About International Game Technology
International Game Technology PLC operates and provides gaming technology products and services worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy. It designs, sells, and operates 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.
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