Brightstar Lottery $BRSL Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in Brightstar Lottery (NYSE:BRSL) by 39.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 274,700 shares of the company’s stock after selling 180,200 shares during the quarter. Renaissance Technologies LLC owned 0.15% of Brightstar Lottery worth $3,500,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. acquired a new position in Brightstar Lottery during the fourth quarter worth $31,000. Knott David M Jr acquired a new stake in shares of Brightstar Lottery in the first quarter valued at about $32,000. NewEdge Advisors LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $32,000. Rockefeller Capital Management L.P. acquired a new position in shares of Brightstar Lottery during the 4th quarter worth about $52,000. Finally, Empowered Funds LLC acquired a new position in shares of Brightstar Lottery during the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Price Performance

Brightstar Lottery stock opened at $11.03 on Friday. The company has a 50 day moving average price of $11.00. The stock has a market cap of $2.06 billion, a PE ratio of 8.48 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.84 and a current ratio of 1.10. Brightstar Lottery has a 1-year low of $9.90 and a 1-year high of $18.57.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%.The firm had revenue of $584.00 million for the quarter. Equities analysts expect that Brightstar Lottery will post 0.4 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Brightstar Lottery’s payout ratio is 70.77%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRSL. Argus lowered Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Truist Financial lowered their target price on Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Monday, July 20th. BNP Paribas Exane assumed coverage on Brightstar Lottery in a research report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price target for the company. Zacks Research raised Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.77.

Brightstar Lottery Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.