Mirae Asset Global Investments Co. Ltd. Invests $45,000 in International Game Technology PLC (NYSE:IGT)

Mirae Asset Global Investments Co. Ltd. bought a new stake in International Game Technology PLC (NYSE:IGT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,632 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of International Game Technology in the 3rd quarter valued at $1,209,000. Massachusetts Financial Services Co. MA lifted its holdings 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 worth $165,946,000 after buying an additional 47,442 shares in the last quarter. Qsemble Capital Management LP boosted its stake in shares of International Game Technology by 230.0% in the 3rd quarter. Qsemble Capital Management LP now owns 42,941 shares of the company’s stock valued at $915,000 after buying an additional 29,929 shares during the period. Zacks Investment Management purchased a new stake in shares of International Game Technology during the 3rd quarter worth $645,000. Finally, Stifel Financial Corp increased its stake in International Game Technology by 22.2% in 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. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

International Game Technology Trading Up 1.5 %

Shares of IGT opened at $17.39 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. International Game Technology PLC has a one year low of $16.42 and a one year high of $27.27. The stock has a 50-day moving average price of $17.47 and a 200 day moving average price of $19.80. The company has a market capitalization of $3.46 billion, a P/E ratio of 28.98 and a beta of 1.91.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.24). The firm had revenue of $587.00 million during the quarter, compared to the consensus estimate of $591.50 million. International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. International Game Technology’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that International Game Technology PLC will post 1.23 EPS for the current fiscal year.

International Game Technology Company Profile

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.