55,923 Shares in International Game Technology (IGT) Acquired by LMR Partners LLP

LMR Partners LLP bought a new stake in shares of International Game Technology (NYSE:IGT) during the second quarter, Holdings Channel reports. The fund bought 55,923 shares of the company’s stock, valued at approximately $1,023,000.

A number of other institutional investors also recently added to or reduced their stakes in IGT. PNC Financial Services Group Inc. boosted its position in International Game Technology by 38.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock valued at $118,000 after buying an additional 1,398 shares during the last quarter. SG Americas Securities LLC bought a new position in International Game Technology during the first quarter valued at approximately $125,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in International Game Technology by 14.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 6,200 shares of the company’s stock valued at $147,000 after buying an additional 800 shares during the last quarter. LSV Asset Management bought a new position in International Game Technology during the first quarter valued at approximately $170,000. Finally, Koch Industries Inc. bought a new position in International Game Technology during the first quarter valued at approximately $219,000. Hedge funds and other institutional investors own 37.42% of the company’s stock.

Shares of International Game Technology (NYSE IGT) opened at 20.00 on Friday. The company’s market cap is $4.06 billion. International Game Technology has a one year low of $17.25 and a one year high of $32.07. The firm has a 50-day moving average of $19.32 and a 200 day moving average of $21.80.

International Game Technology (NYSE:IGT) last posted its earnings results on Tuesday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.17. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts anticipate that International Game Technology will post $1.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Wednesday, August 9th. International Game Technology’s dividend payout ratio is currently -142.86%.

TRADEMARK VIOLATION WARNING: “[[title]]” was originally posted by [[site]] and is the sole property of of [[site]]. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at [[permalink]].

Several research firms recently commented on IGT. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Telsey Advisory Group lowered their price target on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 26th. BidaskClub lowered shares of International Game Technology from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $27.00 price target (up previously from $22.00) on shares of International Game Technology in a report on Sunday, May 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. International Game Technology currently has a consensus rating of “Hold” and a consensus price target 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.

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).