Amalgamated Bank boosted its holdings in International Game Technology (NYSE:IGT) by 44.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,558 shares of the company’s stock after buying an additional 6,042 shares during the period. Amalgamated Bank’s holdings in International Game Technology were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IGT. Brookstone Capital Management purchased a new position in International Game Technology in the second quarter worth $286,000. Blue Sky Asset Management LLC bought a new stake in International Game Technology in the first quarter worth $588,000. Marshall Wace North America L.P. bought a new stake in International Game Technology in the second quarter worth $4,357,000. Cipher Capital LP lifted its stake in International Game Technology by 169.7% in the second quarter. Cipher Capital LP now owns 153,253 shares of the company’s stock worth $2,805,000 after purchasing an additional 96,439 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of International Game Technology during the second quarter valued at about $4,136,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Bank of America Corporation upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $30.00 in a report on Wednesday, September 20th. ValuEngine upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG assumed coverage on shares of International Game Technology in a research report on Tuesday, September 26th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, BidaskClub downgraded shares of International Game Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.13.
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International Game Technology (IGT) opened at 23.37 on Wednesday. The company’s 50-day moving average is $22.62 and its 200 day moving average is $20.75. The stock’s market capitalization is $4.74 billion. International Game Technology has a 1-year low of $17.25 and a 1-year high of $32.07.
International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.17). International Game Technology had a negative net margin of 2.28% and a positive return on equity of 10.35%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $0.43 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts predict that International Game Technology will post $1.18 earnings per share for the current year.
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.
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