International Game Technology PLC (IGT) Holdings Trimmed by Aperio Group LLC

Aperio Group LLC lessened its holdings in shares of International Game Technology PLC (NYSE:IGT) by 4.5% in the third quarter, HoldingsChannel reports. The firm owned 99,166 shares of the company’s stock after selling 4,711 shares during the period. Aperio Group LLC’s holdings in International Game Technology were worth $1,959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IGT. Sanders Morris Harris LLC acquired a new position in shares of International Game Technology in the 3rd quarter worth approximately $453,000. Hilltop Holdings Inc. acquired a new position in shares of International Game Technology in the 2nd quarter worth approximately $234,000. Centaurus Financial Inc. acquired a new position in shares of International Game Technology in the 2nd quarter worth approximately $239,000. Peavine Capital LLC acquired a new position in shares of International Game Technology in the 2nd quarter worth approximately $264,000. Finally, State of Alaska Department of Revenue grew its position in shares of International Game Technology by 40.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,870 shares of the company’s stock worth $275,000 after acquiring an additional 3,390 shares in the last quarter. Hedge funds and other institutional investors own 47.27% of the company’s stock.

IGT has been the subject of several research reports. Deutsche Bank decreased their target price on International Game Technology from $35.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Jefferies Financial Group decreased their target price on International Game Technology from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Societe Generale initiated coverage on International Game Technology in a research report on Wednesday, October 17th. They issued a “buy” rating and a $20.50 target price for the company. ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, SunTrust Banks initiated coverage on International Game Technology in a research report on Monday, October 1st. They issued a “hold” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. International Game Technology currently has an average rating of “Buy” and an average price target of $27.36.

Shares of IGT opened at $15.55 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 10.23, a PEG ratio of 1.54 and a beta of 1.30. International Game Technology PLC has a 52 week low of $15.01 and a 52 week high of $31.00. The company has a quick ratio of 0.88, a current ratio of 1.03 and a debt-to-equity ratio of 2.95.

International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.20 billion. International Game Technology had a return on equity of 11.52% and a net margin of 3.27%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Equities analysts expect that International Game Technology PLC will post 1.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Tuesday, November 13th. International Game Technology’s dividend payout ratio (DPR) is 52.63%.

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International Game Technology Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

Further Reading: Insider Trading – What You Need to Know

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

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