ProShare Advisors LLC lessened its holdings in shares of International Game Technology PLC (NYSE:IGT – Get Rating) by 40.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,195 shares of the company's stock after selling 7,562 shares during the quarter. ProShare Advisors LLC's holdings in International Game Technology were worth $208,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IGT. Foundry Partners LLC raised its holdings in shares of International Game Technology by 10.5% during the 2nd quarter. Foundry Partners LLC now owns 212,872 shares of the company's stock worth $3,951,000 after acquiring an additional 20,268 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in International Game Technology in the 2nd quarter valued at about $551,000. Dupont Capital Management Corp raised its holdings in International Game Technology by 208.5% in the 2nd quarter. Dupont Capital Management Corp now owns 105,153 shares of the company's stock valued at $1,952,000 after buying an additional 71,066 shares during the period. Measured Wealth Private Client Group LLC raised its holdings in International Game Technology by 64.8% in the 2nd quarter. Measured Wealth Private Client Group LLC now owns 21,390 shares of the company's stock valued at $397,000 after buying an additional 8,411 shares during the period. Finally, Strs Ohio raised its holdings in International Game Technology by 18.1% in the 2nd quarter. Strs Ohio now owns 41,700 shares of the company's stock valued at $773,000 after buying an additional 6,400 shares during the period. Institutional investors and hedge funds own 44.33% of the company's stock.
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International Game Technology Stock Performance
Shares of IGT opened at $20.22 on Wednesday. The stock has a 50 day moving average price of $17.92 and a 200 day moving average price of $19.46. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 26.26 and a beta of 1.80. International Game Technology PLC has a 52-week low of $15.01 and a 52-week high of $32.95.
International Game Technology (NYSE:IGT – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.26. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. International Game Technology had a return on equity of 14.56% and a net
margin of 3.87%. Research analysts predict that International Game Technology PLC will post 0.83 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Truist Financial cut their price target on shares of International Game Technology from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, July 20th. Stifel Nicolaus cut their price target on shares of International Game Technology from $36.00 to $26.00 in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of International Game Technology from $35.00 to $30.00 in a research note on Wednesday, August 3rd. Finally, StockNews.com raised International Game Technology from a "hold" rating to a "buy" rating in a research report on Monday, October 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $35.00.
International Game Technology Company Profile
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International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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.
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