Qsemble Capital Management LP Purchases 29,929 Shares of International Game Technology PLC (NYSE:IGT)

Qsemble Capital Management LP raised its stake in shares of International Game Technology PLC (NYSE:IGT - Free Report) by 230.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,941 shares of the company's stock after purchasing an additional 29,929 shares during the quarter. Qsemble Capital Management LP's holdings in International Game Technology were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Signaturefd LLC acquired a new stake in International Game Technology in the 3rd quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Game Technology during the second quarter valued at $31,000. Blue Trust Inc. bought a new position in shares of International Game Technology during the second quarter valued at $44,000. Hexagon Capital Partners LLC boosted its stake in shares of International Game Technology by 1,633.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company's stock valued at $45,000 after purchasing an additional 2,091 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of International Game Technology by 156.7% in the 2nd quarter. CWM LLC now owns 2,321 shares of the company's stock worth $47,000 after purchasing an additional 1,417 shares during the last quarter. 44.33% of the stock is currently owned by institutional investors.

International Game Technology Trading Up 2.2 %

NYSE IGT traded up $0.43 during trading hours on Wednesday, hitting $19.65. The company's stock had a trading volume of 59,308 shares, compared to its average volume of 1,111,981. International Game Technology PLC has a twelve month low of $18.56 and a twelve month high of $28.82. The firm has a market capitalization of $3.91 billion, a P/E ratio of 32.04 and a beta of 1.96. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. The stock has a fifty day moving average of $20.59 and a 200 day moving average of $20.88.

International Game Technology (NYSE:IGT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 business had revenue of $587.00 million for the quarter, compared to the consensus estimate of $591.50 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business's revenue was down 2.3% on a year-over-year basis. Equities research analysts forecast that International Game Technology PLC will post 1 earnings per share for the current fiscal year.

International Game Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, November 26th. International Game Technology's dividend payout ratio (DPR) is currently 133.34%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of International Game Technology from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Stifel Nicolaus raised their price target on International Game Technology from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, International Game Technology has a consensus rating of "Moderate Buy" and a consensus price target of $28.67.

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.