Fieldview Capital Management LLC Takes $884,000 Position in Brightstar Lottery $BRSL

Fieldview Capital Management LLC purchased a new stake in Brightstar Lottery (NYSE:BRSL) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 57,090 shares of the company’s stock, valued at approximately $884,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Entropy Technologies LP acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $408,000. Arax Advisory Partners acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $104,000. Barclays PLC acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $3,354,000. Brown Advisory Inc. acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $44,820,000. Finally, Aigen Investment Management LP acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $314,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BRSL shares. Zacks Research cut shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Jefferies Financial Group cut 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. BNP Paribas Exane assumed coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price objective on the stock. Susquehanna cut their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. Finally, Truist Financial cut their price objective on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Stock Down 0.3%

Shares of BRSL stock opened at $11.84 on Monday. The stock has a fifty day simple moving average of $12.02. 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 company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 14.26 and a beta of 0.99. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57.

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). The business had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts predict that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery’s payout ratio is presently 110.84%.

About Brightstar Lottery

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.