Sigma Planning Corp Takes Position in International Game Technology PLC (IGT)

Sigma Planning Corp acquired a new position in shares of International Game Technology PLC (NYSE:IGT) in the 1st quarter, Holdings Channel reports. The fund acquired 13,112 shares of the company’s stock, valued at approximately $170,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IGT. Bank of New York Mellon Corp grew its stake in International Game Technology by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 1,393,095 shares of the company’s stock worth $27,513,000 after buying an additional 36,143 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of International Game Technology by 336.8% in the third quarter. TIAA CREF Investment Management LLC now owns 1,564,264 shares of the company’s stock valued at $30,894,000 after purchasing an additional 1,206,152 shares during the period. Morgan Stanley boosted its stake in shares of International Game Technology by 196.1% in the third quarter. Morgan Stanley now owns 584,961 shares of the company’s stock valued at $11,553,000 after purchasing an additional 387,401 shares during the period. Vanguard Group Inc. boosted its stake in shares of International Game Technology by 50.7% in the third quarter. Vanguard Group Inc. now owns 1,700,216 shares of the company’s stock valued at $33,580,000 after purchasing an additional 571,981 shares during the period. Finally, Vanguard Group Inc boosted its stake in shares of International Game Technology by 50.7% in the third quarter. Vanguard Group Inc now owns 1,700,216 shares of the company’s stock valued at $33,580,000 after purchasing an additional 571,981 shares during the period. Institutional investors own 49.21% of the company’s stock.

Shares of IGT stock opened at $14.08 on Friday. The firm has a market capitalization of $2.88 billion, a PE ratio of 14.37, a PEG ratio of 1.16 and a beta of 1.36. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 2.90. International Game Technology PLC has a twelve month low of $12.65 and a twelve month high of $30.65.

International Game Technology (NYSE:IGT) last announced its earnings results on Thursday, March 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.11). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. International Game Technology had a negative net margin of 0.44% and a positive return on equity of 7.64%. International Game Technology’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share. On average, research analysts predict that International Game Technology PLC will post 1.22 EPS for the current year.

Several research analysts have recently weighed in on IGT shares. ValuEngine downgraded shares of International Game Technology from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 7th. Credit Suisse Group restated a “neutral” rating on shares of International Game Technology in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $23.64.

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International Game Technology Company Profile

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 four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.

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

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