Kingsview Wealth Management LLC Buys Shares of 166,250 Brightstar Lottery $BRSL

Kingsview Wealth Management LLC bought a new stake in shares of Brightstar Lottery (NYSE:BRSL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 166,250 shares of the company’s stock, valued at approximately $2,574,000.

A number of other institutional investors also recently made changes to their positions in BRSL. Gabelli Funds LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter worth approximately $7,388,000. Gamco Investors INC. ET AL acquired a new stake in shares of Brightstar Lottery in the 4th quarter worth approximately $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Brightstar Lottery in the 4th quarter worth approximately $2,012,000. HighTower Advisors LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter worth approximately $4,541,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter worth approximately $297,000. 44.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRSL has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. BNP Paribas Exane initiated coverage on shares of Brightstar Lottery in a research note on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Zacks Research lowered shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Weiss Ratings lowered shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Price Performance

BRSL stock opened at $11.24 on Friday. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 13.54 and a beta of 1.04. The company’s 50 day simple moving average is $12.28. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The business had revenue of $587.00 million for the quarter. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that Brightstar Lottery will post 0.79 earnings per share for the current year.

Brightstar Lottery Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.92 annualized dividend and a yield of 8.2%. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Brightstar Lottery Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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.