Inspired Entertainment, Inc. (NASDAQ:INSE) Shares Bought by Private Management Group Inc.

Private Management Group Inc. raised its position in Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 35.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,633,593 shares of the company's stock after acquiring an additional 428,312 shares during the quarter. Private Management Group Inc. owned approximately 6.15% of Inspired Entertainment worth $15,143,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Inspired Entertainment by 2.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company's stock worth $512,000 after buying an additional 1,275 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Inspired Entertainment by 102.1% during the 1st quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company's stock worth $346,000 after buying an additional 17,733 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Inspired Entertainment by 9.5% during the 1st quarter. Foundry Partners LLC now owns 372,145 shares of the company's stock worth $3,669,000 after buying an additional 32,380 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Inspired Entertainment during the 1st quarter worth approximately $26,000. Finally, Gamco Investors INC. ET AL lifted its position in shares of Inspired Entertainment by 51.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 199,700 shares of the company's stock worth $1,969,000 after buying an additional 67,800 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company's stock.

Inspired Entertainment Trading Up 0.8 %

Shares of Inspired Entertainment stock traded up $0.08 during trading on Friday, reaching $9.62. The company's stock had a trading volume of 46,826 shares, compared to its average volume of 106,320. The company has a 50-day moving average price of $9.19 and a two-hundred day moving average price of $8.99. The firm has a market cap of $255.65 million, a PE ratio of -962.00 and a beta of 1.40. Inspired Entertainment, Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $11.01.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.03). The business had revenue of $75.60 million during the quarter, compared to analyst estimates of $74.30 million. Inspired Entertainment had a negative net margin of 0.09% and a negative return on equity of 6.47%. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts predict that Inspired Entertainment, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INSE has been the subject of several recent analyst reports. Craig Hallum upgraded shares of Inspired Entertainment to a "strong-buy" rating in a research report on Thursday, October 17th. Macquarie reduced their price objective on shares of Inspired Entertainment from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 9th.

Inspired Entertainment Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.