International Game Technology (IGT) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of International Game Technology (NYSE:IGT) by 200.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,841 shares of the company’s stock after buying an additional 15,894 shares during the period. HighTower Advisors LLC’s holdings in International Game Technology were worth $566,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of International Game Technology by 38.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock valued at $118,000 after buying an additional 1,398 shares during the period. SG Americas Securities LLC bought a new position in shares of International Game Technology during the first quarter valued at $125,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of International Game Technology by 14.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 6,200 shares of the company’s stock valued at $147,000 after buying an additional 800 shares during the period. LSV Asset Management bought a new position in shares of International Game Technology during the first quarter valued at $170,000. Finally, New York State Teachers Retirement System bought a new position in shares of International Game Technology during the fourth quarter valued at $212,000. Institutional investors own 38.22% of the company’s stock.

International Game Technology (NYSE IGT) traded down 1.28% during trading on Tuesday, reaching $20.06. The company had a trading volume of 2,166,115 shares. The firm’s 50-day moving average price is $18.67 and its 200 day moving average price is $22.35. The firm’s market capitalization is $4.07 billion. International Game Technology has a one year low of $17.25 and a one year high of $32.07.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.17. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts forecast that International Game Technology will post $1.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Friday, August 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.99%. International Game Technology’s payout ratio is -142.86%.

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Several equities analysts recently commented on the company. ValuEngine cut International Game Technology from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Telsey Advisory Group reduced their target price on International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, May 26th. Wells Fargo & Company restated a “market perform” rating and set a $25.50 target price on shares of International Game Technology in a research report on Wednesday, April 19th. BidaskClub cut International Game Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Bank of America Corporation restated a “neutral” rating and set a $27.00 target price (up from $22.00) on shares of International Game Technology in a research report on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.38.

International Game Technology Company Profile

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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

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