Private Management Group Inc. Has $11.98 Million Stock Position in Inspired Entertainment, Inc. (NASDAQ:INSE)

Private Management Group Inc. decreased its holdings in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,323,596 shares of the company's stock after selling 309,997 shares during the period. Private Management Group Inc. owned about 4.98% of Inspired Entertainment worth $11,979,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Inspired Entertainment in the fourth quarter valued at about $97,000. GSA Capital Partners LLP acquired a new position in shares of Inspired Entertainment in the 3rd quarter worth approximately $106,000. Clarus Group Inc. bought a new stake in Inspired Entertainment during the 3rd quarter worth approximately $116,000. Bfsg LLC increased its holdings in Inspired Entertainment by 39.0% during the 3rd quarter. Bfsg LLC now owns 13,725 shares of the company's stock valued at $127,000 after purchasing an additional 3,850 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its position in Inspired Entertainment by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company's stock valued at $257,000 after purchasing an additional 1,174 shares during the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.

Inspired Entertainment Stock Down 1.0 %

NASDAQ:INSE traded down $0.10 during trading hours on Friday, hitting $10.30. 94,650 shares of the stock were exchanged, compared to its average volume of 122,410. The company's 50 day moving average is $9.30 and its two-hundred day moving average is $9.23. Inspired Entertainment, Inc. has a twelve month low of $7.51 and a twelve month high of $11.00.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.10). The firm had revenue of $78.00 million for the quarter, compared to analyst estimates of $80.30 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. During the same period last year, the company earned $0.12 EPS. On average, analysts anticipate that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on INSE shares. Craig Hallum upgraded Inspired Entertainment to a "strong-buy" rating in a report on Thursday, October 17th. JMP Securities reiterated a "market outperform" rating and set a $14.00 price target on shares of Inspired Entertainment in a research report on Monday, January 27th.

About Inspired Entertainment

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.