Barclays PLC Purchases 23,757 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Barclays PLC lifted its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 314.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,321 shares of the company’s stock after buying an additional 23,757 shares during the period. Barclays PLC owned approximately 0.12% of Inspired Entertainment worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Private Management Group Inc. boosted its position in Inspired Entertainment by 35.5% in the third quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock worth $15,143,000 after purchasing an additional 428,312 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of Inspired Entertainment by 12.8% in the 3rd quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock worth $4,907,000 after purchasing an additional 59,915 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Inspired Entertainment by 0.8% in the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock worth $4,835,000 after buying an additional 4,233 shares during the last quarter. State Street Corp grew its position in Inspired Entertainment by 0.7% during the third quarter. State Street Corp now owns 405,625 shares of the company’s stock valued at $3,760,000 after buying an additional 2,675 shares during the period. Finally, Gabelli Funds LLC increased its holdings in Inspired Entertainment by 11.4% during the second quarter. Gabelli Funds LLC now owns 142,000 shares of the company’s stock valued at $1,299,000 after buying an additional 14,500 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $14.00 price target on shares of Inspired Entertainment in a research note on Thursday, January 16th. Craig Hallum upgraded Inspired Entertainment to a “strong-buy” rating in a research report on Thursday, October 17th.

Inspired Entertainment Price Performance

INSE opened at $9.47 on Tuesday. The company has a 50 day simple moving average of $9.34 and a two-hundred day simple moving average of $9.15. The firm has a market cap of $251.71 million, a P/E ratio of -946.05 and a beta of 1.40. Inspired Entertainment, Inc. has a 1-year low of $7.51 and a 1-year high of $11.00.

Inspired Entertainment Company 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.