Jane Street Group LLC Trims Stake in Inspired Entertainment, Inc. (NASDAQ:INSE)

Jane Street Group LLC reduced its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 38.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,456 shares of the company’s stock after selling 12,261 shares during the quarter. Jane Street Group LLC owned 0.07% of Inspired Entertainment worth $180,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Inspired Entertainment during the third quarter valued at approximately $106,000. Clarus Group Inc. purchased a new position in shares of Inspired Entertainment in the third quarter worth $116,000. Bfsg LLC raised its holdings in shares of Inspired Entertainment by 39.0% during the third quarter. Bfsg LLC now owns 13,725 shares of the company’s stock worth $127,000 after purchasing an additional 3,850 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Inspired Entertainment by 232.2% during the third quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock worth $262,000 after purchasing an additional 19,794 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Inspired Entertainment by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 65,768 shares of the company’s stock worth $602,000 after purchasing an additional 8,753 shares during the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Stock Up 0.1 %

Shares of NASDAQ INSE opened at $8.85 on Tuesday. The firm has a market cap of $235.22 million, a price-to-earnings ratio of -884.12 and a beta of 1.40. Inspired Entertainment, Inc. has a 52-week low of $7.51 and a 52-week high of $11.00. The company’s 50-day simple moving average is $9.44 and its 200-day simple moving average is $9.14.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised shares of Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th.

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.