International Game Technology PLC (NYSE:IGT) Shares Sold by Jane Street Group LLC

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Jane Street Group LLC lowered its stake in shares of International Game Technology PLC (NYSE:IGT) by 75.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,280 shares of the company’s stock after selling 63,411 shares during the quarter. Jane Street Group LLC’s holdings in International Game Technology were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IGT. NumerixS Investment Technologies Inc boosted its stake in International Game Technology by 12.8% during the first quarter. NumerixS Investment Technologies Inc now owns 8,800 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in International Game Technology by 93.3% during the first quarter. Neuberger Berman Group LLC now owns 2,683,185 shares of the company’s stock worth $34,852,000 after buying an additional 1,295,273 shares during the last quarter. Stormborn Capital Management LLC boosted its stake in International Game Technology by 11.3% during the first quarter. Stormborn Capital Management LLC now owns 351,100 shares of the company’s stock worth $4,561,000 after buying an additional 35,600 shares during the last quarter. Cerebellum GP LLC boosted its stake in International Game Technology by 151.2% during the first quarter. Cerebellum GP LLC now owns 24,633 shares of the company’s stock worth $320,000 after buying an additional 14,827 shares during the last quarter. Finally, FMR LLC boosted its stake in International Game Technology by 222.8% during the first quarter. FMR LLC now owns 2,057,614 shares of the company’s stock worth $26,729,000 after buying an additional 1,420,212 shares during the last quarter. 39.97% of the stock is currently owned by institutional investors.

NYSE:IGT opened at $14.14 on Friday. International Game Technology PLC has a 52 week low of $11.32 and a 52 week high of $19.32. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $2.89 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.02 and a beta of 1.33. The stock’s fifty day moving average is $13.44 and its two-hundred day moving average is $13.43.

International Game Technology (NYSE:IGT) last posted its earnings results on Thursday, August 1st. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.13. International Game Technology had a positive return on equity of 8.51% and a negative net margin of 0.72%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that International Game Technology PLC will post 1.34 earnings per share for the current fiscal year.

Separately, ValuEngine upgraded International Game Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $24.10.

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.

See Also: Fiduciary

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

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