Y Intercept Hong Kong Ltd Acquires 19,247 Shares of International Game Technology PLC (NYSE:IGT)

Y Intercept Hong Kong Ltd raised its holdings in shares of International Game Technology PLC (NYSE:IGT) by 180.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,932 shares of the company’s stock after acquiring an additional 19,247 shares during the period. Y Intercept Hong Kong Ltd’s holdings in International Game Technology were worth $638,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC bought a new stake in International Game Technology in the third quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Game Technology in the 2nd quarter valued at about $31,000. Blue Trust Inc. acquired a new stake in shares of International Game Technology in the 2nd quarter valued at approximately $44,000. Industrial Alliance Investment Management Inc. boosted its stake in International Game Technology by 100.9% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 2,310 shares of the company’s stock worth $47,000 after acquiring an additional 1,160 shares during the last quarter. Finally, CWM LLC grew its holdings in International Game Technology by 156.7% during the second quarter. CWM LLC now owns 2,321 shares of the company’s stock valued at $47,000 after purchasing an additional 1,417 shares during the period. Institutional investors and hedge funds own 44.33% of the company’s stock.

International Game Technology Price Performance

NYSE IGT opened at $18.70 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 31.17 and a beta of 1.91. The business has a 50 day simple moving average of $20.09 and a 200 day simple moving average of $20.81. International Game Technology PLC has a 52-week low of $18.56 and a 52-week high of $28.82.

International Game Technology (NYSE:IGT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.24). The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $591.50 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. Analysts anticipate that International Game Technology PLC will post 1 earnings per share for the current fiscal year.

International Game Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. International Game Technology’s dividend payout ratio (DPR) is 133.34%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, International Game Technology has a consensus rating of “Moderate Buy” and an average price target of $28.67.

International Game Technology Company Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. 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, as well as iLottery solutions and services.