Mork Capital Management LLC Purchases Shares of 38,000 International Game Technology (IGT)

Mork Capital Management LLC purchased a new stake in International Game Technology (NYSE:IGT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 38,000 shares of the company’s stock, valued at approximately $1,007,000.

A number of other hedge funds also recently bought and sold shares of the stock. Northern Trust Corp raised its stake in International Game Technology by 0.3% in the second quarter. Northern Trust Corp now owns 287,236 shares of the company’s stock valued at $5,257,000 after purchasing an additional 887 shares in the last quarter. Voya Investment Management LLC raised its stake in International Game Technology by 5.3% in the second quarter. Voya Investment Management LLC now owns 30,256 shares of the company’s stock valued at $554,000 after purchasing an additional 1,510 shares in the last quarter. Rhumbline Advisers raised its stake in International Game Technology by 2.6% in the third quarter. Rhumbline Advisers now owns 97,671 shares of the company’s stock valued at $2,398,000 after purchasing an additional 2,516 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in International Game Technology by 101.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock valued at $116,000 after purchasing an additional 2,911 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in International Game Technology by 9.6% in the third quarter. Nationwide Fund Advisors now owns 39,477 shares of the company’s stock valued at $969,000 after purchasing an additional 3,455 shares in the last quarter. 40.63% of the stock is owned by institutional investors and hedge funds.

International Game Technology (IGT) opened at $28.84 on Monday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.70 and a current ratio of 0.84. The company has a market capitalization of $5,838.09, a PE ratio of 16.77 and a beta of 1.57. International Game Technology has a 52 week low of $17.25 and a 52 week high of $29.89.

International Game Technology (NYSE:IGT) last issued its earnings results on Tuesday, November 14th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate 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 business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. sell-side analysts forecast that International Game Technology will post 1.23 EPS for the current year.

A number of research firms recently commented on IGT. Deutsche Bank boosted their price target on 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 International Game Technology from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. ValuEngine downgraded International Game Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Argus raised International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, November 29th. One investment 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. International Game Technology has an average rating of “Hold” 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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