International Game Technology PLC (NYSE:IGT) shares sold by Los Angeles Capital Management LLC


Los Angeles Capital Management LLC reduced its position in International Game Technology PLC (New York Stock Exchange: IGTGet a rating) by 46.6% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 22,197 shares of the company after selling 19,400 shares during the quarter. Los Angeles Capital Management LLC’s holdings in International Game Technology were worth $548,000 at the end of the last quarter.

A number of other large investors have also recently changed their positions in IGT. Steward Partners Investment Advisory LLC increased its position in International Game Technology shares by 100.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,200 shares of the company valued at $35,000 after purchasing an additional 600 shares during the period. Sigma Planning Corp acquired a new stake in International Game Technology during Q4, valued at approximately $211,000. Rockefeller Capital Management LP increased its stake in International Game Technology by 1,028.1% during the 4th quarter. Rockefeller Capital Management LP now owns 7,468 shares of the company valued at $215,000 after acquiring an additional 6,806 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in International Game Technology by 65.3% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 12,979 shares of the company valued at $320,000 after acquiring 5,128 additional shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in International Game Technology by 4.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,138 shares of the company valued at $322,000 after acquiring 437 additional shares in the last quarter. 44.33% of the shares are held by institutional investors and hedge funds.

A Wall Street analyst gives his opinion

Several analysts commented on IGT’s actions. StockNews.com downgraded International Game Technology from a “buy” rating to a “hold” rating in a Thursday, August 4 research note. Truist Financial reduced its price target on International Game Technology from $36.00 to $30.00 and set a “buy” rating for the company in a Wednesday, July 20 research note. Jefferies Financial Group downgraded International Game Technology from a “hold” rating to a “buy” rating and cut its stock price target from $30.00 to $26.00 in a Thursday research note May 12. Stifel Nicolaus reduced his price target on International Game Technology from $36.00 to $26.00 in a Monday, August 1 research note. Finally, Deutsche Bank Aktiengesellschaft reduced its price target on International Game Technology from $35.00 to $30.00 in a Wednesday, August 3 research note. One financial analyst gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat.com, International Game Technology currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Performance of international gaming technology stocks

IGT opened at $22.64 on Monday. The stock has a market capitalization of $4.61 billion, a P/E ratio of 29.40 and a beta of 1.83. The company has a debt ratio of 3.53, a current ratio of 1.56 and a quick ratio of 1.44. The stock’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $22.59. International Game Technology PLC has a 1-year low of $16.46 and a 1-year high of $32.95.

International Game Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 30. Shareholders of record on Tuesday, August 16 will receive a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a yield of 3.53%. The ex-dividend date is Monday, August 15. International Game Technology’s dividend payout ratio (DPR) is currently 103.90%.

International Gaming Technology Company Profile

(Get a rating)

International Game Technology PLC operates and provides game technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America and the Caribbean. It operates in three segments: Global Lottery, Global Gaming and Digital & Betting. The company designs, sells, operates and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and the 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.

See also

Want to see which other hedge funds hold IGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for International Game Technology PLC (New York Stock Exchange: IGTGet a rating).

Institutional ownership by quarter for International Game Technology (NYSE:IGT)



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