Mizuho Markets Cayman LP Purchases Shares of 168,300 Brightstar Lottery $BRSL

Mizuho Markets Cayman LP purchased a new stake in shares of Brightstar Lottery (NYSE:BRSL) during the fourth quarter, Holdings Channel reports. The firm purchased 168,300 shares of the company’s stock, valued at approximately $2,605,000.

Other large investors have also added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $7,388,000. Gamco Investors INC. ET AL purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $2,012,000. GSA Capital Partners LLP purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $965,000. Finally, Covestor Ltd purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $124,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Jefferies Financial Group decreased their price objective on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Susquehanna decreased their price objective on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a report on Thursday, May 14th. Finally, Truist Financial decreased their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Brightstar Lottery currently has a consensus rating of “Hold” and an average target price of $14.92.

Brightstar Lottery Price Performance

Shares of NYSE:BRSL opened at $11.19 on Friday. Brightstar Lottery has a 1 year low of $10.42 and a 1 year high of $18.57. The stock has a market cap of $2.09 billion, a P/E ratio of 13.48 and a beta of 1.04. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The firm’s 50-day simple moving average is $12.43.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The business had revenue of $587.00 million for the quarter. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts expect that Brightstar Lottery will post 0.79 EPS for the current fiscal year.

Brightstar Lottery Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Thursday, May 28th. Brightstar Lottery’s payout ratio is currently 110.84%.

Brightstar Lottery Profile

International Game Technology PLC operates and provides gaming 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 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.