Barclays PLC raised its holdings in International Game Technology PLC (NYSE:IGT – Get Rating) by 67.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 169,856 shares of the company's stock after buying an additional 68,721 shares during the quarter. Barclays PLC owned about 0.08% of International Game Technology worth $2,683,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in International Game Technology in the second quarter valued at about $1,028,000. Raymond James & Associates raised its stake in International Game Technology by 2.0% in the third quarter. Raymond James & Associates now owns 228,725 shares of the company's stock valued at $3,614,000 after buying an additional 4,512 shares during the last quarter. Saltoro Capital LP purchased a new stake in International Game Technology in the second quarter valued at about $55,000. Measured Wealth Private Client Group LLC raised its stake in International Game Technology by 64.8% in the second 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 last quarter. Finally, WBI Investments Inc. purchased a new stake in International Game Technology in the third quarter valued at about $944,000. 44.33% of the stock is currently owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded International Game Technology from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 15th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, International Game Technology presently has a consensus rating of "Buy" and an average target price of $35.00.
International Game Technology Trading Up 1.6 %
Shares of NYSE:IGT opened at $26.86 on Thursday. International Game Technology PLC has a 52-week low of $15.01 and a 52-week high of $30.84. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 15.26 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.16 and a debt-to-equity ratio of 2.64. The business has a 50-day moving average price of $24.22 and a 200-day moving average price of $21.10.
International Game Technology (NYSE:IGT – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.24 by $1.06. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.01 billion. International Game Technology had a return on equity of 24.78% and a net margin of 8.56%. International Game Technology's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equities analysts predict that International Game Technology PLC will post 1.92 EPS for the current year.
International Game Technology Profile
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International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and Digital & Betting segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support.
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