Teton Advisors Inc. Cuts Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Teton Advisors Inc. lowered its stake in Inspired Entertainment, Inc. (NASDAQ:INSE) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 245,221 shares of the company’s stock after selling 10,000 shares during the quarter. Teton Advisors Inc.’s holdings in Inspired Entertainment were worth $2,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INSE. Gabelli Funds LLC raised its holdings in Inspired Entertainment by 1.1% in the third quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock valued at $1,076,000 after acquiring an additional 1,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Inspired Entertainment by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock valued at $500,000 after purchasing an additional 1,433 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of Inspired Entertainment by 4.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock valued at $337,000 after purchasing an additional 1,500 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Inspired Entertainment by 4.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 158,288 shares of the company’s stock worth $1,893,000 after purchasing an additional 7,374 shares during the last quarter. Finally, Hudson Bay Capital Management LP grew its stake in shares of Inspired Entertainment by 5.0% during the third quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company’s stock worth $1,883,000 after purchasing an additional 7,469 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Performance

Shares of INSE stock traded down $0.02 during mid-day trading on Monday, hitting $8.79. 105,632 shares of the stock were exchanged, compared to its average volume of 116,903. Inspired Entertainment, Inc. has a 12-month low of $6.12 and a 12-month high of $16.01. The stock has a market capitalization of $233.46 million, a price-to-earnings ratio of 35.16 and a beta of 1.42. The stock’s fifty day simple moving average is $9.39 and its two-hundred day simple moving average is $9.25.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $97.50 million for the quarter. Inspired Entertainment had a negative return on equity of 13.11% and a net margin of 2.25%. On average, research analysts expect that Inspired Entertainment, Inc. will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on INSE shares. B. Riley assumed coverage on Inspired Entertainment in a report on Friday, April 5th. They set a “buy” rating and a $21.00 price target for the company. JMP Securities restated a “market outperform” rating and set a $15.00 target price on shares of Inspired Entertainment in a research note on Tuesday, April 16th. Finally, Macquarie downgraded Inspired Entertainment from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Inspired Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.