Zacks Research Downgrades Brightstar Lottery (NYSE:BRSL) to Strong Sell

Brightstar Lottery (NYSE:BRSL) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

BRSL has been the topic of several other research reports. Weiss Ratings began coverage on Brightstar Lottery in a report on Tuesday, February 3rd. They set a “hold (c-)” rating on the stock. Truist Financial raised shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Stifel Nicolaus lowered their target price on shares of Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Brightstar Lottery Trading Up 2.0%

Brightstar Lottery stock opened at $12.73 on Monday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.76 and a quick ratio of 0.72. The company has a market capitalization of $2.38 billion, a P/E ratio of 16.74 and a beta of 1.07. Brightstar Lottery has a fifty-two week low of $12.43 and a fifty-two week high of $18.57.

Brightstar Lottery (NYSE:BRSL) last posted its earnings results on Sunday, February 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The firm had revenue of $668.00 million for the quarter. Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.

Hedge Funds Weigh In On Brightstar Lottery

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. acquired a new position in Brightstar Lottery in the 4th quarter valued at $31,000. NewEdge Advisors LLC purchased a new position in Brightstar Lottery during the 4th quarter worth $32,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Brightstar Lottery in the 4th quarter worth $52,000. Empowered Funds LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter worth $57,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $60,000. 44.33% of the stock is currently owned by hedge funds and other institutional investors.

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.