Aristeia Capital L.L.C. Makes New Investment in Brightstar Lottery $BRSL

Aristeia Capital L.L.C. purchased a new position in Brightstar Lottery (NYSE:BRSL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 45,525 shares of the company’s stock, valued at approximately $705,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Gabelli Funds LLC bought a new stake in Brightstar Lottery in the fourth quarter valued at about $7,388,000. Gamco Investors INC. ET AL acquired a new stake in shares of Brightstar Lottery during the 4th quarter valued at approximately $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Brightstar Lottery during the fourth quarter worth $2,012,000. HighTower Advisors LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter worth $4,541,000. Finally, ProShare Advisors LLC acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at about $297,000. 44.33% of the stock is currently owned by institutional investors.

Brightstar Lottery Price Performance

Shares of BRSL opened at $11.09 on Thursday. Brightstar Lottery has a one year low of $10.42 and a one year high of $18.57. The stock has a 50-day moving average price of $11.94. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The firm has a market capitalization of $2.07 billion, a PE ratio of 13.36 and a beta of 0.99.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The firm had revenue of $587.00 million for the quarter. The business’s revenue was up .7% compared to the same quarter last year. Analysts anticipate that Brightstar Lottery will post 0.79 earnings per share for the current year.

Brightstar Lottery Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.3%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio (DPR) is 110.84%.

Analyst Upgrades and Downgrades

BRSL has been the topic of a number of recent research reports. Weiss Ratings cut shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Susquehanna dropped their target price on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. BNP Paribas Exane began coverage on shares of Brightstar Lottery in a report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price objective on the stock. Finally, Zacks Research lowered shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.92.

About Brightstar Lottery

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.