Seelaus Asset Management LLC Purchases Shares of 42,800 International Game Technology PLC (IGT)

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Seelaus Asset Management LLC purchased a new position in shares of International Game Technology PLC (NYSE:IGT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,800 shares of the company’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moors & Cabot Inc. purchased a new stake in International Game Technology during the first quarter worth about $160,000. Boston Partners grew its position in International Game Technology by 73.5% in the 1st quarter. Boston Partners now owns 198,153 shares of the company’s stock valued at $2,574,000 after buying an additional 83,959 shares in the last quarter. Gamco Investors INC. ET AL grew its position in International Game Technology by 172.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 135,756 shares of the company’s stock valued at $1,763,000 after buying an additional 86,000 shares in the last quarter. Gabelli Funds LLC grew its position in International Game Technology by 40.9% in the 1st quarter. Gabelli Funds LLC now owns 310,000 shares of the company’s stock valued at $4,027,000 after buying an additional 90,000 shares in the last quarter. Finally, Sigma Planning Corp bought a new position in International Game Technology in the 1st quarter valued at about $170,000. Hedge funds and other institutional investors own 49.21% of the company’s stock.

IGT traded down $0.20 on Wednesday, reaching $13.61. The company had a trading volume of 206,961 shares, compared to its average volume of 1,966,451. The firm has a market capitalization of $2.79 billion, a PE ratio of 13.88, a P/E/G ratio of 1.12 and a beta of 1.36. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 2.90. International Game Technology PLC has a one year low of $12.65 and a one year high of $31.00.

International Game Technology (NYSE:IGT) last announced its earnings results on Thursday, March 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.11). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. International Game Technology had a negative net margin of 0.44% and a positive return on equity of 7.64%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. On average, equities analysts expect that International Game Technology PLC will post 1.22 EPS for the current year.

A number of equities analysts recently issued reports on IGT shares. ValuEngine lowered shares of International Game Technology from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. Credit Suisse Group reiterated a “neutral” rating on shares of International Game Technology in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.64.

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International Game Technology Company Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.

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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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