30,000 Shares in International Game Technology PLC (NYSE:IGT) Purchased by BBR Partners LLC

BBR Partners LLC purchased a new stake in International Game Technology PLC (NYSE:IGT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $639,000.

A number of other hedge funds have also recently bought and sold shares of IGT. Signaturefd LLC acquired a new stake in shares of International Game Technology in the 3rd quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Game Technology in the 2nd quarter valued at about $31,000. Blue Trust Inc. acquired a new position in shares of International Game Technology during the 2nd quarter worth about $44,000. Hexagon Capital Partners LLC increased its stake in shares of International Game Technology by 1,633.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company’s stock worth $45,000 after purchasing an additional 2,091 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of International Game Technology by 156.7% in the 2nd quarter. CWM LLC now owns 2,321 shares of the company’s stock valued at $47,000 after purchasing an additional 1,417 shares during the period. 44.33% of the stock is currently owned by institutional investors.

International Game Technology Stock Up 0.6 %

International Game Technology stock opened at $19.34 on Thursday. International Game Technology PLC has a twelve month low of $18.56 and a twelve month high of $28.82. The stock has a market cap of $3.85 billion, a P/E ratio of 32.23 and a beta of 1.96. The company’s 50-day moving average price is $20.54 and its two-hundred day moving average price is $20.87. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85.

International Game Technology (NYSE:IGT) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, analysts expect that International Game Technology PLC will post 1 EPS for the current year.

International Game Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Tuesday, November 26th. International Game Technology’s dividend payout ratio is 133.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Stifel Nicolaus lifted their target price on International Game Technology from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, International Game Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.67.

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.