Los Angeles Capital Management LLC Increases Stake in Inspired Entertainment, Inc. $INSE

Los Angeles Capital Management LLC grew its holdings in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 170.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,183 shares of the company’s stock after purchasing an additional 39,215 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.23% of Inspired Entertainment worth $508,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Kanen Wealth Management LLC lifted its stake in shares of Inspired Entertainment by 19.1% in the second quarter. Kanen Wealth Management LLC now owns 2,389,007 shares of the company’s stock worth $19,518,000 after buying an additional 382,990 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Inspired Entertainment by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company’s stock valued at $2,476,000 after acquiring an additional 3,000 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Inspired Entertainment by 8.8% in the 1st quarter. Russell Investments Group Ltd. now owns 158,928 shares of the company’s stock valued at $1,357,000 after acquiring an additional 12,843 shares during the last quarter. Gabelli Funds LLC lifted its stake in Inspired Entertainment by 4.1% in the 1st quarter. Gabelli Funds LLC now owns 153,000 shares of the company’s stock worth $1,307,000 after purchasing an additional 6,000 shares in the last quarter. Finally, AMH Equity Ltd boosted its holdings in shares of Inspired Entertainment by 8.1% during the 2nd quarter. AMH Equity Ltd now owns 80,000 shares of the company’s stock worth $654,000 after purchasing an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Wall Street Analysts Forecast Growth

INSE has been the subject of several recent research reports. Wall Street Zen cut Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Inspired Entertainment in a report on Thursday. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Inspired Entertainment in a report on Monday, August 11th. Macquarie reissued a “neutral” rating and set a $10.00 price target on shares of Inspired Entertainment in a research report on Thursday, August 7th. Finally, Zacks Research raised shares of Inspired Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Inspired Entertainment Stock Down 0.5%

NASDAQ:INSE opened at $7.78 on Friday. Inspired Entertainment, Inc. has a 52 week low of $6.51 and a 52 week high of $11.61. The stock’s fifty day moving average is $8.61 and its two-hundred day moving average is $8.47. The company has a market capitalization of $209.52 million, a P/E ratio of 3.91 and a beta of 1.70.

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