SG Americas Securities LLC grew its holdings in International Game Technology (NYSE:IGT) by 634.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,637 shares of the company’s stock after acquiring an additional 33,376 shares during the period. SG Americas Securities LLC’s holdings in International Game Technology were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of International Game Technology by 38.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock worth $118,000 after purchasing an additional 1,398 shares in the last quarter. LSV Asset Management purchased a new stake in International Game Technology in the first quarter valued at $170,000. Koch Industries Inc. purchased a new stake in International Game Technology in the first quarter valued at $219,000. Cadence Capital Management LLC purchased a new stake in International Game Technology in the first quarter valued at $254,000. Finally, Canada Pension Plan Investment Board purchased a new stake in International Game Technology in the second quarter valued at $273,000. Institutional investors and hedge funds own 39.01% of the company’s stock.
A number of brokerages recently weighed in on IGT. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub cut shares of International Game Technology from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Bank of America Corporation raised shares of International Game Technology from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $30.00 in a report on Wednesday. Finally, Telsey Advisory Group reduced their target price on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.50.
International Game Technology (NYSE:IGT) traded down 0.42% on Friday, reaching $23.46. 1,265,980 shares of the company traded hands. The company has a 50-day moving average price of $20.52 and a 200-day moving average price of $20.79. The company’s market capitalization is $4.76 billion. International Game Technology has a 12 month low of $17.25 and a 12 month high of $32.07.
International Game Technology (NYSE:IGT) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that International Game Technology will post $1.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Friday, August 11th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.41%. International Game Technology’s payout ratio is presently -142.86%.
International Game Technology 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.
Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with our FREE daily email newsletter.