30,000 Shares in International Game Technology PLC (NYSE:IGT) Bought by BBR Partners LLC

BBR Partners LLC acquired a new stake in shares of International Game Technology PLC (NYSE:IGT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $639,000.

A number of other large investors have also made changes to their positions in IGT. Solel Partners LP acquired a new position in shares of International Game Technology in the 2nd quarter valued at $43,478,000. Long Pond Capital LP bought a new stake in International Game Technology in the second quarter valued at about $32,053,000. Massachusetts Financial Services Co. MA raised its position in International Game Technology by 17.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,743,447 shares of the company's stock worth $158,431,000 after purchasing an additional 1,169,999 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in International Game Technology by 75.5% during the second quarter. Deprince Race & Zollo Inc. now owns 2,313,954 shares of the company's stock worth $47,343,000 after purchasing an additional 995,570 shares during the period. Finally, FMR LLC boosted its holdings in International Game Technology by 19.4% during the third quarter. FMR LLC now owns 3,050,447 shares of the company's stock valued at $64,975,000 after purchasing an additional 495,962 shares in the last quarter. Institutional investors and hedge funds own 44.33% of the company's stock.

International Game Technology Price Performance

Shares of IGT traded up $0.11 during mid-day trading on Thursday, hitting $19.33. 736,824 shares of the company traded hands, compared to its average volume of 1,115,069. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. The business has a 50-day moving average of $20.54 and a 200 day moving average of $20.87. International Game Technology PLC has a one year low of $18.56 and a one year high of $28.82. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 32.22 and a beta of 1.96.

International Game Technology (NYSE:IGT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.24). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The firm had revenue of $587.00 million during the quarter, compared to the consensus estimate of $591.50 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The firm's quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities analysts expect that International Game Technology PLC will post 1 earnings per share for the current fiscal year.

International Game Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.80 dividend on an annualized basis and a yield of 4.14%. International Game Technology's payout ratio is presently 133.34%.

Analyst Ratings Changes

A number of brokerages have issued reports on IGT. Stifel Nicolaus lifted their price objective on International Game Technology from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. StockNews.com raised shares of International Game Technology from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Game Technology has an average rating of "Moderate Buy" and a consensus target price of $28.67.

International Game Technology 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.