SG Americas Securities LLC Has $273,000 Stake in International Game Technology PLC (NYSE:IGT)
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SG Americas Securities LLC cut its holdings in shares of International Game Technology PLC (NYSE:IGT - Get Rating) by 71.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,256 shares of the company's stock after selling 44,202 shares during the period. SG Americas Securities LLC's holdings in International Game Technology were worth $273,000 at the end of the most recent quarter.
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A number of other hedge funds and other institutional investors have also recently bought and sold shares of IGT. Parkside Financial Bank & Trust raised its holdings in shares of International Game Technology by 84.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,163 shares of the company's stock valued at $29,000 after buying an additional 534 shares during the last quarter. Captrust Financial Advisors boosted its position in International Game Technology by 9.8% in the 2nd quarter. Captrust Financial Advisors now owns 6,582 shares of the company's stock valued at $122,000 after buying an additional 586 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of International Game Technology by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 54,380 shares of the company's stock valued at $1,009,000 after buying an additional 689 shares during the period. Great West Life Assurance Co. Can raised its position in shares of International Game Technology by 35.1% during the first quarter. Great West Life Assurance Co. Can now owns 4,031 shares of the company's stock worth $106,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Rhumbline Advisers increased its position in International Game Technology by 1.6% in the first quarter. Rhumbline Advisers now owns 103,240 shares of the company's stock worth $2,548,000 after purchasing an additional 1,616 shares during the period. 44.33% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of International Game Technology from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 15th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $35.00.
International Game Technology Stock Down 2.6 %
Shares of NYSE:IGT opened at $25.98 on Tuesday. The company has a 50 day moving average price of $24.12 and a two-hundred day moving average price of $21.00. The company has a market capitalization of $5.29 billion, a PE ratio of 14.76 and a beta of 1.85. International Game Technology PLC has a 52 week low of $15.01 and a 52 week high of $30.84. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.01 and a current ratio of 1.16.
International Game Technology (NYSE:IGT - Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $1.06. International Game Technology had a return on equity of 24.78% and a net margin of 8.56%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. Analysts forecast that International Game Technology PLC will post 1.92 earnings per share for the current year.
International Game Technology Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Monday, November 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, November 25th. International Game Technology's payout ratio is presently 45.45%.
International Game Technology Profile
International Game Technology PLC engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery, Global Gaming, and Digital & Betting segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support.
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