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

Qsemble Capital Management LP boosted its stake in shares of International Game Technology PLC (NYSE:IGT) by 230.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,941 shares of the company’s stock after acquiring 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 SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC bought a new position in International Game Technology in the 3rd quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Game Technology during the second quarter valued at $31,000. Blue Trust Inc. acquired a new stake in International Game Technology in the second quarter worth about $44,000. Hexagon Capital Partners LLC raised its holdings in International Game Technology by 1,633.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company’s stock worth $45,000 after purchasing an additional 2,091 shares during the last quarter. Finally, CWM LLC lifted its position in International Game Technology by 156.7% during the 2nd quarter. CWM LLC now owns 2,321 shares of the company’s stock valued at $47,000 after purchasing an additional 1,417 shares during the period. Institutional investors and hedge funds own 44.33% of the company’s stock.

International Game Technology Trading Down 0.2 %

Shares of NYSE:IGT opened at $19.23 on Wednesday. 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 firm has a market cap of $3.83 billion, a price-to-earnings ratio of 32.04 and a beta of 1.96. The company’s fifty day simple moving average is $20.59 and its 200 day simple moving average is $20.88. International Game Technology PLC has a 12 month low of $18.56 and a 12 month high of $28.82.

International Game Technology (NYSE:IGT) last issued its quarterly 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). The business had revenue of $587.00 million for the quarter, compared to the consensus estimate of $591.50 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. As a group, research analysts forecast that International Game Technology PLC will post 1 EPS for the current fiscal year.

International Game Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Tuesday, November 26th. International Game Technology’s dividend payout ratio is currently 133.34%.

Analyst Ratings Changes

A number of brokerages have issued reports on IGT. Stifel Nicolaus raised their price objective on shares of International Game Technology from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, International Game Technology 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.