Intech Investment Management LLC Invests $705,000 in Brightstar Lottery $BRSL

Intech Investment Management LLC acquired a new position in Brightstar Lottery (NYSE:BRSL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,557 shares of the company’s stock, valued at approximately $705,000.

Several other large investors have also recently made changes to their positions in the stock. Royce & Associates LP acquired a new position in shares of Brightstar Lottery in the 4th quarter worth approximately $24,887,000. Geode Capital Management LLC purchased a new stake in Brightstar Lottery during the 4th quarter worth approximately $19,684,000. Gabelli Funds LLC purchased a new stake in Brightstar Lottery during the 4th quarter worth approximately $7,388,000. HighTower Advisors LLC purchased a new stake in Brightstar Lottery during the 4th quarter worth approximately $4,541,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Brightstar Lottery during the 4th quarter worth approximately $4,255,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

Brightstar Lottery Trading Up 0.2%

Shares of NYSE:BRSL opened at $11.26 on Tuesday. Brightstar Lottery has a 52 week low of $10.42 and a 52 week high of $18.57. The firm has a 50 day moving average price of $12.09. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The stock has a market cap of $2.10 billion, a P/E ratio of 13.57 and a beta of 0.99.

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

Brightstar Lottery Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Zacks Research downgraded shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Susquehanna cut their target price on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research note on Thursday, May 14th. Stifel Nicolaus reissued a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group dropped their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.92.

Brightstar Lottery Company 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.