International Game Technology PLC (NYSE:IGT) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its position in shares of International Game Technology PLC (NYSE:IGT) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,310 shares of the company’s stock after selling 1,490 shares during the quarter. Moors & Cabot Inc.’s holdings in International Game Technology were worth $223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Optimum Investment Advisors bought a new stake in shares of International Game Technology in the 2nd quarter worth approximately $34,000. Captrust Financial Advisors acquired a new stake in International Game Technology during the 1st quarter valued at $32,000. Federated Hermes Inc. purchased a new stake in shares of International Game Technology in the first quarter valued at $82,000. Nisa Investment Advisors LLC boosted its position in shares of International Game Technology by 30.1% in the second quarter. Nisa Investment Advisors LLC now owns 6,700 shares of the company’s stock worth $161,000 after buying an additional 1,550 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in shares of International Game Technology during the first quarter valued at $188,000. 42.78% of the stock is currently owned by institutional investors.

Shares of NYSE IGT opened at $21.74 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.20 and a debt-to-equity ratio of 3.61. International Game Technology PLC has a one year low of $7.68 and a one year high of $26.43. The business has a 50-day moving average price of $20.30 and a two-hundred day moving average price of $20.45. The firm has a market capitalization of $4.45 billion, a PE ratio of 167.23 and a beta of 2.21.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, August 3rd. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.71). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $926.69 million. International Game Technology had a negative return on equity of 3.61% and a net margin of 0.71%. The business’s revenue for the quarter was up 73.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.37) earnings per share. Research analysts anticipate that International Game Technology PLC will post 0.06 EPS for the current year.

About International Game Technology

International Game Technology Plc engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the Global Lottery and Global Gaming segments. The Global Lottery segment has responsibility for the worldwide traditional lottery and iLottery business, including sales, operations, product development, technology, and support.

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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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