Capital Fund Management S.A. Has $1.31 Million Stock Holdings in International Game Technology PLC (NYSE:IGT)

Capital Fund Management S.A. lessened its holdings in International Game Technology PLC (NYSE:IGT - Free Report) by 32.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,251 shares of the company's stock after selling 35,878 shares during the period. Capital Fund Management S.A.'s holdings in International Game Technology were worth $1,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IGT. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of International Game Technology during the 4th quarter worth approximately $45,000. Cibc World Markets Corp bought a new stake in shares of International Game Technology in the 4th quarter worth about $188,000. Victory Capital Management Inc. increased its position in shares of International Game Technology by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 15,519 shares of the company's stock worth $274,000 after purchasing an additional 622 shares in the last quarter. Van ECK Associates Corp lifted its holdings in International Game Technology by 5.1% during the 4th quarter. Van ECK Associates Corp now owns 23,749 shares of the company's stock valued at $419,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in International Game Technology by 17.4% in the fourth quarter. Legal & General Group Plc now owns 24,560 shares of the company's stock valued at $434,000 after buying an additional 3,648 shares in the last quarter. Institutional investors own 44.33% of the company's stock.

International Game Technology Stock Up 2.3 %

NYSE IGT traded up $0.36 during trading hours on Friday, reaching $16.08. 1,570,186 shares of the company's stock were exchanged, compared to its average volume of 1,173,574. 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 company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 26.79 and a beta of 1.66. The company's 50-day moving average is $16.76 and its two-hundred day moving average is $18.13. International Game Technology PLC has a one year low of $13.81 and a one year high of $24.13.

International Game Technology (NYSE:IGT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.10). The business had revenue of $651.00 million for the quarter, compared to analyst estimates of $657.84 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The company's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, analysts forecast that International Game Technology PLC will post 1.24 EPS for the current fiscal year.

International Game Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Tuesday, March 11th. International Game Technology's payout ratio is 46.78%.

Analyst Ratings Changes

Several brokerages have recently issued reports on IGT. Truist Financial cut their price target on International Game Technology from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered shares of International Game Technology from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.25.

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.