International Game Technology PLC (NYSE:IGT) Stake Raised by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its holdings in International Game Technology PLC (NYSE:IGT) by 283.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,033 shares of the company’s stock after acquiring an additional 52,516 shares during the quarter. Fox Run Management L.L.C.’s holdings in International Game Technology were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in International Game Technology by 0.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,790,889 shares of the company’s stock valued at $165,946,000 after purchasing an additional 47,442 shares during the last quarter. FMR LLC increased its holdings in shares of International Game Technology by 19.4% in the third quarter. FMR LLC now owns 3,050,447 shares of the company’s stock valued at $64,975,000 after buying an additional 495,962 shares in the last quarter. State Street Corp lifted its position in shares of International Game Technology by 1.0% during the 3rd quarter. State Street Corp now owns 2,103,275 shares of the company’s stock valued at $44,800,000 after acquiring an additional 21,295 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of International Game Technology by 80.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,202,620 shares of the company’s stock valued at $25,616,000 after acquiring an additional 537,330 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of International Game Technology by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,163,601 shares of the company’s stock worth $20,549,000 after acquiring an additional 31,408 shares in the last quarter. Institutional investors own 44.33% of the company’s stock.

International Game Technology Price Performance

IGT opened at $17.04 on Friday. The firm has a market capitalization of $3.44 billion, a P/E ratio of 28.39 and a beta of 1.86. The stock has a fifty day moving average of $17.30 and a 200-day moving average of $18.99. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. International Game Technology PLC has a 12-month low of $16.42 and a 12-month high of $24.13.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.10). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The business had revenue of $651.00 million for the quarter, compared to analyst estimates of $657.84 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts forecast that International Game Technology PLC will post 1.24 EPS for the current fiscal year.

International Game Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.20 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.80 dividend on an annualized basis and a yield of 4.70%. International Game Technology’s payout ratio is 46.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com downgraded International Game Technology from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial reduced their price objective on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

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.