Renaissance Technologies LLC Grows Stock Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Renaissance Technologies LLC lifted its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 104.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,600 shares of the company’s stock after purchasing an additional 36,500 shares during the period. Renaissance Technologies LLC owned 0.27% of Inspired Entertainment worth $655,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its position in Inspired Entertainment by 51.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 199,700 shares of the company’s stock valued at $1,969,000 after acquiring an additional 67,800 shares during the period. Private Management Group Inc. lifted its holdings in shares of Inspired Entertainment by 94.6% during the first quarter. Private Management Group Inc. now owns 348,895 shares of the company’s stock valued at $3,440,000 after purchasing an additional 169,575 shares during the last quarter. Hood River Capital Management LLC boosted its position in shares of Inspired Entertainment by 79.0% in the 1st quarter. Hood River Capital Management LLC now owns 198,408 shares of the company’s stock worth $1,956,000 after purchasing an additional 87,569 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Inspired Entertainment by 2.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock worth $512,000 after buying an additional 1,275 shares during the last quarter. Finally, Foundry Partners LLC increased its position in Inspired Entertainment by 26.2% during the 2nd quarter. Foundry Partners LLC now owns 469,465 shares of the company’s stock valued at $4,296,000 after buying an additional 97,320 shares in the last quarter. 77.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Macquarie reduced their price target on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 9th.

Inspired Entertainment Stock Performance

INSE opened at $9.56 on Wednesday. The stock has a market capitalization of $254.02 million, a price-to-earnings ratio of 159.33 and a beta of 1.40. The company has a fifty day moving average of $8.88 and a 200 day moving average of $9.03. Inspired Entertainment, Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $12.07.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $75.60 million for the quarter, compared to analysts’ expectations of $74.30 million. Inspired Entertainment had a negative net margin of 0.09% and a negative return on equity of 6.47%. During the same period in the previous year, the company earned $0.14 EPS. On average, equities research analysts forecast that Inspired Entertainment, Inc. will post 0.53 earnings per share for the current year.

Inspired Entertainment Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.