Dimensional Fund Advisors LP boosted its holdings in shares of International Game Technology (NYSE:IGT) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,921,569 shares of the company’s stock after acquiring an additional 12,899 shares during the quarter. Dimensional Fund Advisors LP owned 0.95% of International Game Technology worth $35,167,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC boosted its position in International Game Technology by 104.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock worth $51,084,000 after acquiring an additional 1,428,700 shares during the period. Vanguard Group Inc. boosted its position in International Game Technology by 14.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock worth $47,420,000 after acquiring an additional 320,244 shares during the period. FMR LLC boosted its position in International Game Technology by 37.8% during the 1st quarter. FMR LLC now owns 2,402,519 shares of the company’s stock worth $56,940,000 after acquiring an additional 659,564 shares during the period. Mittleman Brothers LLC boosted its position in International Game Technology by 2.9% during the 2nd quarter. Mittleman Brothers LLC now owns 1,780,584 shares of the company’s stock worth $32,585,000 after acquiring an additional 50,748 shares during the period. Finally, Morgan Stanley boosted its position in International Game Technology by 16.0% during the 1st quarter. Morgan Stanley now owns 1,374,633 shares of the company’s stock worth $32,579,000 after acquiring an additional 189,841 shares during the period. Hedge funds and other institutional investors own 37.54% of the company’s stock.
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A number of brokerages have commented on IGT. BidaskClub upgraded International Game Technology from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Deutsche Bank AG began coverage on International Game Technology in a research report on Tuesday, September 26th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Bank of America Corporation upgraded International Game Technology from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $30.00 in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.13.
Shares of International Game Technology (NYSE IGT) opened at 22.86 on Monday. The firm’s market capitalization is $4.64 billion. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The stock’s 50 day moving average price is $23.37 and its 200 day moving average price is $20.79.
International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.17). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. Analysts expect that International Game Technology will post $1.18 EPS for the current fiscal year.
About International Game Technology
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.
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