Boothbay Fund Management LLC grew its stake in International Game Technology (NYSE:IGT) by 33.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,545 shares of the company’s stock after buying an additional 9,127 shares during the period. Boothbay Fund Management LLC’s holdings in International Game Technology were worth $897,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in shares of International Game Technology by 9.9% in the second quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock worth $78,332,000 after buying an additional 386,229 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of International Game Technology by 104.8% in the second quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock worth $51,084,000 after buying an additional 1,428,700 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of International Game Technology by 14.1% in the second quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock worth $47,420,000 after buying an additional 320,244 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of International Game Technology during the third quarter worth $62,053,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of International Game Technology by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,921,569 shares of the company’s stock worth $35,167,000 after purchasing an additional 12,899 shares during the last quarter. 40.64% of the stock is owned by institutional investors and hedge funds.
Shares of International Game Technology (NYSE:IGT) traded down $1.02 during trading on Friday, hitting $26.67. 1,657,936 shares of the company traded hands, compared to its average volume of 1,951,678. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66. International Game Technology has a 12-month low of $17.25 and a 12-month high of $29.36. The stock has a market capitalization of $5,605.29, a PE ratio of 16.10 and a beta of 1.56.
International Game Technology (NYSE:IGT) last issued its earnings results on Tuesday, November 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. analysts predict that International Game Technology will post 1.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a $0.20 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.80 dividend on an annualized basis and a yield of 3.00%. International Game Technology’s payout ratio is -17.78%.
Several research analysts recently issued reports on IGT shares. Bank of America raised their target price on shares of International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Deutsche Bank raised their target price on shares of International Game Technology to $34.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine raised shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Argus raised shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. International Game Technology presently has an average rating of “Buy” and an average price target of $30.70.
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International Game Technology Profile
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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