Peregrine Capital Management LLC Has $29.37 Million Position in International Game Technology PLC (IGT)

Peregrine Capital Management LLC increased its position in shares of International Game Technology PLC (NYSE:IGT) by 13.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,486,846 shares of the company’s stock after acquiring an additional 174,799 shares during the period. Peregrine Capital Management LLC owned about 0.73% of International Game Technology worth $29,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of International Game Technology by 30.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,504 shares of the company’s stock worth $548,000 after acquiring an additional 4,730 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of International Game Technology by 127.5% in the first quarter. Verition Fund Management LLC now owns 27,964 shares of the company’s stock worth $747,000 after acquiring an additional 15,672 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of International Game Technology by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 11,870 shares of the company’s stock worth $275,000 after acquiring an additional 3,390 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of International Game Technology in the second quarter worth $1,720,000. Finally, Peavine Capital LLC acquired a new position in shares of International Game Technology in the second quarter worth $264,000. Institutional investors and hedge funds own 47.06% of the company’s stock.

A number of research firms have recently weighed in on IGT. ValuEngine cut International Game Technology from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Societe Generale began coverage on International Game Technology in a report on Wednesday. They issued a “buy” rating and a $20.50 price target for the company. SunTrust Banks began coverage on International Game Technology in a report on Monday, October 1st. They issued a “hold” rating and a $21.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of International Game Technology in a report on Wednesday, August 1st. Finally, Credit Suisse Group assumed coverage on International Game Technology in a research note on Tuesday, August 14th. They issued a “neutral” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.79.

International Game Technology stock traded down $1.03 during trading on Thursday, hitting $17.11. The company’s stock had a trading volume of 279,277 shares, compared to its average volume of 2,438,984. The firm has a market capitalization of $4.03 billion, a P/E ratio of 11.30 and a beta of 1.38. International Game Technology PLC has a 1-year low of $16.42 and a 1-year high of $31.00. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 2.97.

International Game Technology (NYSE:IGT) last released its earnings results on Tuesday, July 31st. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.06). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. International Game Technology had a negative net margin of 13.37% and a positive return on equity of 12.26%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. As a group, equities analysts predict that International Game Technology PLC will post 1.2 EPS for the current year.

About International Game Technology

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

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

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