33,921 Shares in International Game Technology PLC (IGT) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in shares of International Game Technology PLC (NYSE:IGT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,921 shares of the company’s stock, valued at approximately $496,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace North America L.P. grew its holdings in shares of International Game Technology by 41.3% during the third quarter. Marshall Wace North America L.P. now owns 5,747,367 shares of the company’s stock valued at $113,510,000 after buying an additional 1,680,947 shares during the last quarter. Rubric Capital Management LP boosted its holdings in International Game Technology by 65.9% during the third quarter. Rubric Capital Management LP now owns 3,850,000 shares of the company’s stock worth $76,038,000 after purchasing an additional 1,530,000 shares during the last quarter. Jennison Associates LLC boosted its holdings in International Game Technology by 21.4% during the third quarter. Jennison Associates LLC now owns 1,900,091 shares of the company’s stock worth $37,527,000 after purchasing an additional 334,822 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in International Game Technology by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,871,808 shares of the company’s stock worth $36,968,000 after purchasing an additional 6,156 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in International Game Technology by 50.7% during the third quarter. Vanguard Group Inc. now owns 1,700,216 shares of the company’s stock worth $33,580,000 after purchasing an additional 571,981 shares during the last quarter. Hedge funds and other institutional investors own 51.70% of the company’s stock.

Several research analysts recently weighed in on the stock. SunTrust Banks assumed coverage on shares of International Game Technology in a report on Monday, October 1st. They set a “hold” rating and a $21.00 price target on the stock. Societe Generale assumed coverage on shares of International Game Technology in a report on Wednesday, October 17th. They set a “buy” rating and a $20.50 price target on the stock. Deutsche Bank cut their price target on shares of International Game Technology from $35.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Jefferies Financial Group cut their price target on shares of International Game Technology from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Finally, Susquehanna Bancshares assumed coverage on shares of International Game Technology in a report on Friday, December 7th. They set a “positive” rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.69.

International Game Technology stock opened at $14.99 on Wednesday. International Game Technology PLC has a fifty-two week low of $13.33 and a fifty-two week high of $31.00. The stock has a market cap of $3.17 billion, a P/E ratio of 10.94, a PEG ratio of 0.96 and a beta of 1.33. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.88 and a current ratio of 1.03.

International Game Technology (NYSE:IGT) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.31 earnings per share 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 analysts’ expectations of $1.20 billion. International Game Technology had a net margin of 3.27% and a return on equity of 11.52%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, research analysts anticipate that International Game Technology PLC will post 1.1 earnings per share for the current year.

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International Game Technology Company 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.

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

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