First Trust Advisors LP Has $7.73 Million Stock Holdings in International Game Technology PLC (NYSE:IGT)

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First Trust Advisors LP grew its holdings in International Game Technology PLC (NYSE:IGT) by 861.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 868,629 shares of the company’s stock after acquiring an additional 778,294 shares during the period. First Trust Advisors LP owned 0.43% of International Game Technology worth $7,731,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. New York State Common Retirement Fund grew its position in International Game Technology by 1.0% in the first quarter. New York State Common Retirement Fund now owns 168,000 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,600 shares in the last quarter. Janney Montgomery Scott LLC grew its position in International Game Technology by 12.6% in the first quarter. Janney Montgomery Scott LLC now owns 14,448 shares of the company’s stock worth $86,000 after acquiring an additional 1,618 shares in the last quarter. Bank of New York Mellon Corp grew its position in International Game Technology by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 431,289 shares of the company’s stock worth $6,456,000 after acquiring an additional 1,945 shares in the last quarter. Clearbridge Investments LLC grew its position in International Game Technology by 91.5% in the first quarter. Clearbridge Investments LLC now owns 7,026 shares of the company’s stock worth $42,000 after acquiring an additional 3,358 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in International Game Technology in the second quarter worth approximately $123,000. 38.16% of the stock is owned by institutional investors.

Shares of International Game Technology stock opened at $9.86 on Friday. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 1.28. International Game Technology PLC has a fifty-two week low of $3.59 and a fifty-two week high of $16.25. The firm has a fifty day moving average price of $9.69 and a two-hundred day moving average price of $9.50. The company has a market cap of $2.01 billion, a PE ratio of -6.57 and a beta of 1.89.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Monday, May 18th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. International Game Technology had a negative net margin of 6.71% and a positive return on equity of 8.68%. The firm had revenue of $940.00 million during the quarter, compared to the consensus estimate of $935.49 million. During the same period in the prior year, the firm earned $0.12 EPS. The business’s revenue was down 17.9% on a year-over-year basis. Analysts expect that International Game Technology PLC will post -0.74 earnings per share for the current fiscal year.

Several research firms have commented on IGT. Credit Suisse Group began coverage on shares of International Game Technology in a research report on Thursday, May 21st. They issued an “underperform” rating and a $5.00 target price for the company. Union Gaming Research downgraded shares of International Game Technology from a “buy” rating to a “hold” rating and set a $8.50 price objective for the company. in a report on Tuesday, May 19th. Societe Generale downgraded shares of International Game Technology from a “buy” rating to a “hold” rating and set a $8.20 price objective for the company. in a report on Thursday, May 21st. SunTrust Banks upped their price objective on shares of International Game Technology from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $11.00 price objective on shares of International Game Technology in a report on Monday, June 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. International Game Technology has a consensus rating of “Hold” and a consensus price target of $10.12.

About International Game Technology

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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