Van ECK Associates Corp Acquires 1,145 Shares of International Game Technology PLC (NYSE:IGT)

Van ECK Associates Corp raised its position in shares of International Game Technology PLC (NYSE:IGT) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,749 shares of the company’s stock after acquiring an additional 1,145 shares during the quarter. Van ECK Associates Corp’s holdings in International Game Technology were worth $419,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new stake in International Game Technology during the 3rd quarter valued at approximately $1,209,000. Massachusetts Financial Services Co. MA boosted its position in International Game Technology by 0.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,790,889 shares of the company’s stock valued at $165,946,000 after acquiring an additional 47,442 shares in the last quarter. Qsemble Capital Management LP boosted its position in International Game Technology by 230.0% during the 3rd quarter. Qsemble Capital Management LP now owns 42,941 shares of the company’s stock valued at $915,000 after acquiring an additional 29,929 shares in the last quarter. Zacks Investment Management purchased a new position in shares of International Game Technology during the third quarter valued at approximately $645,000. Finally, Stifel Financial Corp lifted its holdings in shares of International Game Technology by 22.2% during the third quarter. Stifel Financial Corp now owns 56,179 shares of the company’s stock valued at $1,197,000 after purchasing an additional 10,193 shares during the last quarter. 44.33% of the stock is owned by institutional investors.

International Game Technology Trading Down 1.3 %

Shares of International Game Technology stock opened at $17.96 on Friday. International Game Technology PLC has a 1-year low of $16.42 and a 1-year high of $27.27. The company’s fifty day simple moving average is $17.31 and its 200-day simple moving average is $19.60. The stock has a market capitalization of $3.62 billion, a PE ratio of 29.93 and a beta of 1.91. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.31.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. StockNews.com upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, International Game Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

About International Game Technology

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. 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, as well as iLottery solutions and services.