International Game Technology (IGT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of International Game Technology (NYSE:IGT) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,860,312 shares of the company’s stock after selling 61,257 shares during the quarter. Dimensional Fund Advisors LP owned 0.92% of International Game Technology worth $45,671,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IGT. California State Teachers Retirement System boosted its holdings in International Game Technology by 3.4% in the second quarter. California State Teachers Retirement System now owns 199,045 shares of the company’s stock valued at $3,643,000 after acquiring an additional 6,537 shares in the last quarter. Korea Investment CORP purchased a new position in International Game Technology during the third quarter valued at $2,946,000. Vanguard Group Inc. lifted its position in International Game Technology by 14.1% during the second quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock valued at $47,420,000 after buying an additional 320,244 shares during the period. Mittleman Brothers LLC lifted its position in International Game Technology by 2.9% during the second quarter. Mittleman Brothers LLC now owns 1,780,584 shares of the company’s stock valued at $32,585,000 after buying an additional 50,748 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in International Game Technology during the second quarter valued at $1,043,000. 40.64% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on IGT shares. Deutsche Bank lifted their price target on International Game Technology to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Argus raised International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, November 29th. Bank of America boosted their target price on International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.70.

International Game Technology (IGT) opened at $27.79 on Monday. International Game Technology has a 52 week low of $17.25 and a 52 week high of $29.36. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.70 and a current ratio of 0.84. The stock has a market capitalization of $5,625.54, a P/E ratio of -6.18 and a beta of 1.56.

International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. International Game Technology had a positive return on equity of 10.68% and a negative net margin of 18.62%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. research analysts predict that International Game Technology will post 1.23 earnings per share for the current year.

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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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