Private Management Group Inc. Sells 13,571 Shares of Inspired Entertainment, Inc. $INSE

Private Management Group Inc. reduced its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,305,004 shares of the company’s stock after selling 13,571 shares during the quarter. Private Management Group Inc.’s holdings in Inspired Entertainment were worth $10,662,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of INSE. National Bank of Canada FI bought a new position in shares of Inspired Entertainment during the 1st quarter valued at about $31,000. MetLife Investment Management LLC raised its holdings in Inspired Entertainment by 28.7% during the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock worth $105,000 after buying an additional 2,751 shares during the period. Jane Street Group LLC bought a new position in Inspired Entertainment in the first quarter valued at approximately $123,000. XTX Topco Ltd boosted its holdings in shares of Inspired Entertainment by 26.8% in the first quarter. XTX Topco Ltd now owns 19,272 shares of the company’s stock valued at $165,000 after buying an additional 4,072 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Inspired Entertainment during the second quarter worth $164,000. Institutional investors and hedge funds own 77.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INSE. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a report on Wednesday. BWS Financial reissued a “buy” rating and issued a $20.00 price target on shares of Inspired Entertainment in a research note on Monday, November 17th. Macquarie reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Inspired Entertainment in a research report on Thursday, August 7th. Finally, Zacks Research raised Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Inspired Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Inspired Entertainment Price Performance

Inspired Entertainment stock opened at $7.33 on Friday. The company has a market cap of $197.40 million, a price-to-earnings ratio of 3.68 and a beta of 1.70. The firm has a 50-day moving average of $8.39 and a 200-day moving average of $8.46. Inspired Entertainment, Inc. has a one year low of $6.51 and a one year high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Tuesday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. Inspired Entertainment had a negative return on equity of 1,176.67% and a net margin of 18.78%.The business had revenue of $77.60 million for the quarter. As a group, sell-side analysts expect that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current year.

Inspired Entertainment Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.