USA Mutuals Advisors Inc. Maintains Stake in International Game Technology (IGT)

USA Mutuals Advisors Inc. held its position in shares of International Game Technology (NYSE:IGT) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 31,232 shares of the company’s stock at the end of the first quarter. USA Mutuals Advisors Inc.’s holdings in International Game Technology were worth $740,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of IGT. State Board of Administration of Florida Retirement System boosted its position in shares of International Game Technology by 3.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 50,875 shares of the company’s stock worth $1,298,000 after buying an additional 1,773 shares during the period. State Street Corp boosted its position in shares of International Game Technology by 1.8% in the fourth quarter. State Street Corp now owns 1,102,633 shares of the company’s stock worth $28,141,000 after buying an additional 19,611 shares during the period. Van ECK Associates Corp boosted its position in shares of International Game Technology by 2.2% in the fourth quarter. Van ECK Associates Corp now owns 17,375 shares of the company’s stock worth $443,000 after buying an additional 375 shares during the period. FMR LLC boosted its position in shares of International Game Technology by 188.8% in the fourth quarter. FMR LLC now owns 1,742,955 shares of the company’s stock worth $44,480,000 after buying an additional 1,139,365 shares during the period. Finally, Aviva PLC boosted its position in shares of International Game Technology by 2.5% in the fourth quarter. Aviva PLC now owns 69,608 shares of the company’s stock worth $1,778,000 after buying an additional 1,710 shares during the period. 39.81% of the stock is owned by institutional investors and hedge funds.

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

Shares of International Game Technology (IGT) traded up 0.71% during mid-day trading on Tuesday, reaching $18.56. 1,559,243 shares of the company were exchanged. The company’s 50 day moving average price is $19.81 and its 200 day moving average price is $23.87. The firm has a market capitalization of $3.76 billion, a PE ratio of 15.05 and a beta of 1.42. International Game Technology has a 12 month low of $17.25 and a 12 month high of $32.07.

International Game Technology (NYSE:IGT) last posted its earnings results on Thursday, May 25th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.19. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. International Game Technology had a return on equity of 11.97% and a net margin of 4.96%. The business’s revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. Equities analysts anticipate that International Game Technology will post $1.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Tuesday, June 6th. International Game Technology’s dividend payout ratio is 65.04%.

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IGT has been the subject of a number of recent research reports. Telsey Advisory Group dropped their price objective on shares of International Game Technology from $33.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, March 10th. Argus lowered shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Friday, March 24th. Wells Fargo & Co restated a “market perform” rating and set a $25.50 target price on shares of International Game Technology in a research report on Wednesday, April 19th. Bank of America Corporation restated a “neutral” rating and set a $27.00 target price (up previously from $22.00) on shares of International Game Technology in a research report on Sunday, May 28th. Finally, ValuEngine lowered shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.38.

International Game Technology Company 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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