State Street Corp Increases Stock Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

State Street Corp grew its holdings in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,625 shares of the company’s stock after purchasing an additional 2,675 shares during the period. State Street Corp owned about 1.53% of Inspired Entertainment worth $3,760,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Private Management Group Inc. lifted its holdings in Inspired Entertainment by 245.5% during the 2nd quarter. Private Management Group Inc. now owns 1,205,281 shares of the company’s stock worth $11,028,000 after buying an additional 856,386 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Inspired Entertainment by 26.2% in the second quarter. Foundry Partners LLC now owns 469,465 shares of the company’s stock valued at $4,296,000 after acquiring an additional 97,320 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Inspired Entertainment by 104.0% in the second quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock valued at $655,000 after purchasing an additional 36,500 shares during the period. BNP Paribas Financial Markets grew its stake in Inspired Entertainment by 232.2% during the 3rd 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 in the last quarter. Finally, Gabelli Funds LLC increased its holdings in Inspired Entertainment by 11.4% during the 2nd quarter. Gabelli Funds LLC now owns 142,000 shares of the company’s stock worth $1,299,000 after purchasing an additional 14,500 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 0.6 %

INSE stock opened at $8.85 on Tuesday. The stock has a market cap of $235.22 million, a P/E ratio of -884.12 and a beta of 1.39. Inspired Entertainment, Inc. has a twelve month low of $7.51 and a twelve month high of $11.00. The company’s 50 day moving average is $9.52 and its two-hundred day moving average is $9.17.

Wall Street Analyst Weigh In

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

About Inspired Entertainment

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.