Engineers Gate Manager LP Has $380,000 Holdings in International Game Technology (IGT)

Engineers Gate Manager LP cut its position in shares of International Game Technology (NYSE:IGT) by 93.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,474 shares of the company’s stock after selling 210,513 shares during the period. Engineers Gate Manager LP’s holdings in International Game Technology were worth $380,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IGT. TimesSquare Capital Management LLC purchased a new position in International Game Technology during the third quarter worth about $62,053,000. Renaissance Technologies LLC raised its stake in shares of International Game Technology by 104.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,791,500 shares of the company’s stock valued at $51,084,000 after acquiring an additional 1,428,700 shares during the period. Jennison Associates LLC purchased a new stake in shares of International Game Technology in the 3rd quarter valued at approximately $24,418,000. Peregrine Capital Management LLC raised its stake in shares of International Game Technology by 44.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,634,592 shares of the company’s stock valued at $40,129,000 after acquiring an additional 499,937 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of International Game Technology by 9.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,280,449 shares of the company’s stock valued at $78,332,000 after acquiring an additional 386,229 shares during the period. 40.64% of the stock is currently owned by institutional investors.

Shares of International Game Technology (NYSE IGT) opened at $26.67 on Friday. The stock has a market cap of $5,398.81, a P/E ratio of 15.51 and a beta of 1.56. International Game Technology has a 52 week low of $17.25 and a 52 week high of $29.36. The company has a quick ratio of 0.70, a current ratio of 0.84 and a debt-to-equity ratio of 2.66.

International Game Technology (NYSE:IGT) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.16. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. sell-side analysts anticipate that International Game Technology will post 1.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Monday, November 27th. International Game Technology’s dividend payout ratio (DPR) is currently -17.78%.

A number of research firms have recently issued reports on IGT. Argus raised shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, November 29th. Deutsche Bank boosted their price target on shares of International Game Technology to $34.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Bank of America boosted their price target on shares of International Game Technology from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, ValuEngine raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $30.70.

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International Game Technology Profile

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

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