SG Americas Securities LLC lessened its stake in shares of International Game Technology (NYSE:IGT) by 14.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,195 shares of the company’s stock after selling 5,442 shares during the quarter. SG Americas Securities LLC’s holdings in International Game Technology were worth $815,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its position in International Game Technology by 101.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock valued at $116,000 after acquiring an additional 2,911 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of International Game Technology during the 3rd quarter valued at $214,000. Pinnacle Associates Ltd. lifted its holdings in shares of International Game Technology by 14.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 11,467 shares of the company’s stock valued at $210,000 after purchasing an additional 1,445 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in shares of International Game Technology by 18.2% during the 2nd quarter. Cadence Capital Management LLC now owns 12,670 shares of the company’s stock valued at $232,000 after purchasing an additional 1,948 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of International Game Technology during the 2nd quarter valued at $273,000. 40.64% of the stock is currently owned by institutional investors and hedge funds.
IGT has been the subject of several analyst reports. ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Bank of America upgraded International Game Technology from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $30.00 in a report on Wednesday, September 20th. Deutsche Bank initiated coverage on International Game Technology in a report on Tuesday, September 26th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Argus upgraded International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. International Game Technology presently has an average rating of “Buy” and an average price target of $30.70.
International Game Technology (NYSE:IGT) last issued its earnings results on Tuesday, November 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. International Game Technology had a positive return on equity of 10.68% and a negative net margin of 18.62%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. equities research analysts forecast that International Game Technology will post 1.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be paid a $0.20 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. International Game Technology’s dividend payout ratio (DPR) is -17.78%.
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.
Want to see what other hedge funds are holding IGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Game Technology (NYSE:IGT).
Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.