Dimensional Fund Advisors LP Lowers Holdings in International Game Technology (IGT)

Dimensional Fund Advisors LP trimmed its stake in International Game Technology (NYSE:IGT) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,860,312 shares of the company’s stock after selling 61,257 shares during the period. Dimensional Fund Advisors LP’s holdings in International Game Technology were worth $45,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in International Game Technology by 3.4% in the 2nd quarter. California State Teachers Retirement System now owns 199,045 shares of the company’s stock valued at $3,643,000 after buying an additional 6,537 shares during the period. Korea Investment CORP bought a new stake in shares of International Game Technology in the 3rd quarter valued at about $2,946,000. Vanguard Group Inc. raised its holdings in shares of International Game Technology by 14.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,591,247 shares of the company’s stock valued at $47,420,000 after purchasing an additional 320,244 shares in the last quarter. Mittleman Brothers LLC raised its holdings in shares of International Game Technology by 2.9% in the 2nd quarter. Mittleman Brothers LLC now owns 1,780,584 shares of the company’s stock valued at $32,585,000 after purchasing an additional 50,748 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of International Game Technology in the 2nd quarter valued at about $1,043,000. 40.64% of the stock is owned by institutional investors.

Shares of International Game Technology (NYSE:IGT) opened at $27.77 on Monday. International Game Technology has a twelve month low of $17.25 and a twelve month high of $29.36. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.84 and a quick ratio of 0.70. The company has a market cap of $5,621.48, a PE ratio of -6.17 and a beta of 1.56.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, November 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. International Game Technology’s dividend payout ratio (DPR) is presently -17.78%.

Several equities research analysts have recently commented on IGT shares. Argus upgraded shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, November 29th. ValuEngine lowered shares of International Game Technology from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Bank of America upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating and boosted their price target for the company from $24.00 to $30.00 in a report on Wednesday, September 20th. Finally, Deutsche Bank boosted their price target on shares of International Game Technology to $34.00 and gave the company a “buy” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.70.

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

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