International Game Technology PLC (NYSE:IGT) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in International Game Technology PLC (NYSE:IGT - Free Report) by 126.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,960 shares of the company's stock after acquiring an additional 25,665 shares during the period. Thrivent Financial for Lutherans' holdings in International Game Technology were worth $979,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IGT. Massachusetts Financial Services Co. MA lifted its holdings in International Game Technology by 17.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,743,447 shares of the company's stock worth $158,431,000 after purchasing an additional 1,169,999 shares in the last quarter. Deprince Race & Zollo Inc. boosted its holdings in shares of International Game Technology by 75.5% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,313,954 shares of the company's stock valued at $47,343,000 after purchasing an additional 995,570 shares during the last quarter. Solel Partners LP bought a new stake in shares of International Game Technology in the second quarter worth about $43,478,000. Long Pond Capital LP purchased a new stake in shares of International Game Technology in the second quarter worth about $32,053,000. Finally, Stanley Capital Management LLC increased its stake in International Game Technology by 12.9% in the 2nd quarter. Stanley Capital Management LLC now owns 702,000 shares of the company's stock worth $14,363,000 after acquiring an additional 80,000 shares during the last quarter. Institutional investors own 44.33% of the company's stock.

International Game Technology Stock Down 0.8 %

IGT traded down $0.17 during trading hours on Tuesday, hitting $19.90. 718,304 shares of the company's stock were exchanged, compared to its average volume of 1,111,264. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a 12-month low of $18.56 and a 12-month high of $28.82. The firm has a market cap of $3.96 billion, a P/E ratio of 33.20 and a beta of 1.91. The firm has a 50 day moving average of $20.41 and a 200 day moving average of $20.85.

International Game Technology (NYSE:IGT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.24). The firm had revenue of $587.00 million during the quarter, compared to analysts' expectations of $591.50 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. Analysts predict that International Game Technology PLC will post 1 EPS for the current fiscal year.

International Game Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, November 26th. International Game Technology's payout ratio is 133.34%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of International Game Technology from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.67.

About International Game Technology

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.