Fox Run Management L.L.C. Takes $1.13 Million Position in Brightstar Lottery $BRSL

Fox Run Management L.L.C. acquired a new stake in Brightstar Lottery (NYSE:BRSL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 72,804 shares of the company’s stock, valued at approximately $1,127,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRSL. Royce & Associates LP acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $24,887,000. Geode Capital Management LLC acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $19,684,000. Norges Bank acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $19,565,000. Gabelli Funds LLC acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $7,388,000. Finally, HighTower Advisors LLC acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $4,541,000. 44.33% of the stock is owned by institutional investors and hedge funds.

Brightstar Lottery Price Performance

Shares of Brightstar Lottery stock opened at $11.57 on Wednesday. Brightstar Lottery has a one year low of $10.42 and a one year high of $18.57. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 13.93 and a beta of 0.99. The company has a 50-day moving average price of $12.07. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84.

Brightstar Lottery (NYSE:BRSL) last issued 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 company had revenue of $587.00 million for the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.Brightstar Lottery’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts expect that Brightstar Lottery will post 0.79 EPS for the current year.

Brightstar Lottery Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s payout ratio is currently 110.84%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group decreased their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Zacks Research lowered Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. BNP Paribas Exane assumed coverage on Brightstar Lottery in a research report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 target price for the company. Weiss Ratings lowered Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Brightstar Lottery currently has an average rating of “Hold” and a consensus 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.