Fox Run Management L.L.C. Boosts Stock Position in International Game Technology PLC (NYSE:IGT)

Fox Run Management L.L.C. lifted its position in International Game Technology PLC (NYSE:IGT - Free Report) by 283.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,033 shares of the company's stock after purchasing an additional 52,516 shares during the quarter. Fox Run Management L.L.C.'s holdings in International Game Technology were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IGT. Mirae Asset Global Investments Co. Ltd. bought a new position in International Game Technology during the fourth quarter valued at approximately $45,000. Cibc World Markets Corp bought a new position in shares of International Game Technology during the 4th quarter valued at $188,000. Point72 DIFC Ltd raised its position in International Game Technology by 7.9% in the 3rd quarter. Point72 DIFC Ltd now owns 12,870 shares of the company's stock worth $274,000 after purchasing an additional 947 shares during the period. Victory Capital Management Inc. lifted its stake in International Game Technology by 7.2% in the third quarter. Victory Capital Management Inc. now owns 14,897 shares of the company's stock worth $317,000 after purchasing an additional 996 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of International Game Technology in the 3rd quarter valued at about $500,000. 44.33% of the stock is currently owned by institutional investors.

International Game Technology Trading Down 1.2 %

IGT stock traded down $0.21 during trading on Tuesday, reaching $16.87. The company had a trading volume of 348,431 shares, compared to its average volume of 1,106,394. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.31. International Game Technology PLC has a 52 week low of $16.42 and a 52 week high of $24.13. The business has a 50 day moving average of $17.30 and a 200 day moving average of $18.91. The company has a market cap of $3.41 billion, a P/E ratio of 28.13 and a beta of 1.86.

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

International Game Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Tuesday, March 11th. International Game Technology's dividend payout ratio is presently 46.78%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com downgraded shares of International Game Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Truist Financial reduced their price target on International Game Technology from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $28.25.

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.