BNP Paribas Arbitrage SA Grows Stock Position in International Game Technology PLC (NYSE:IGT)

BNP Paribas Arbitrage SA increased its holdings in International Game Technology PLC (NYSE:IGT) by 112.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,632 shares of the company’s stock after buying an additional 5,631 shares during the period. BNP Paribas Arbitrage SA’s holdings in International Game Technology were worth $63,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Natixis Advisors L.P. boosted its position in shares of International Game Technology by 3.3% in the 4th quarter. Natixis Advisors L.P. now owns 31,452 shares of the company’s stock worth $471,000 after buying an additional 1,000 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of International Game Technology by 1.0% in the 1st quarter. New York State Common Retirement Fund now owns 168,000 shares of the company’s stock worth $1,000,000 after buying an additional 1,600 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of International Game Technology by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,448 shares of the company’s stock worth $86,000 after buying an additional 1,618 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in International Game Technology by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 431,289 shares of the company’s stock valued at $6,456,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Cambria Investment Management L.P. lifted its holdings in International Game Technology by 5.6% in the 4th quarter. Cambria Investment Management L.P. now owns 71,079 shares of the company’s stock valued at $1,064,000 after purchasing an additional 3,741 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

A number of research analysts have issued reports on IGT shares. Credit Suisse Group started coverage on shares of International Game Technology in a report on Thursday, May 21st. They issued an “underperform” rating and a $5.00 target price on the stock. Societe Generale lowered shares of International Game Technology from a “buy” rating to a “hold” rating and set a $8.20 target price on the stock. in a report on Thursday, May 21st. Union Gaming Research lowered shares of International Game Technology from a “buy” rating to a “hold” rating and set a $8.50 target price on the stock. in a report on Tuesday, May 19th. Argus restated a “hold” rating on shares of International Game Technology in a report on Thursday, March 5th. Finally, SunTrust Banks lowered shares of International Game Technology from a “buy” rating to a “hold” rating and reduced their target price for the company from $16.00 to $8.00 in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.62.

NYSE IGT opened at $8.90 on Wednesday. International Game Technology PLC has a 12 month low of $3.59 and a 12 month high of $16.25. The company has a 50-day moving average of $8.75 and a 200-day moving average of $10.25. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.37 and a quick ratio of 1.28. The company has a market cap of $1.67 billion, a P/E ratio of -5.93 and a beta of 1.87.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.10. International Game Technology had a negative net margin of 6.71% and a positive return on equity of 8.68%. The company had revenue of $940.00 million during the quarter, compared to the consensus estimate of $935.49 million. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was down 17.9% compared to the same quarter last year. As a group, equities research analysts anticipate that International Game Technology PLC will post -0.75 EPS for the current year.

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 four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.

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

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