Qsemble Capital Management LP Has $915,000 Stock Holdings in International Game Technology PLC (NYSE:IGT)

Qsemble Capital Management LP lifted its position in shares of International Game Technology PLC (NYSE:IGT) by 230.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,941 shares of the company’s stock after purchasing an additional 29,929 shares during the period. Qsemble Capital Management LP’s holdings in International Game Technology were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of International Game Technology during the 3rd quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Game Technology during the second quarter worth approximately $31,000. Blue Trust Inc. bought a new position in International Game Technology during the 2nd quarter worth $44,000. Hexagon Capital Partners LLC raised its holdings in International Game Technology by 1,633.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company’s stock valued at $45,000 after acquiring an additional 2,091 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its holdings in shares of International Game Technology by 100.9% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 2,310 shares of the company’s stock worth $47,000 after purchasing an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 44.33% of the company’s stock.

International Game Technology Trading Down 0.2 %

Shares of NYSE IGT opened at $19.23 on Wednesday. The firm has a 50 day moving average price of $20.59 and a two-hundred day moving average price of $20.88. The stock has a market cap of $3.83 billion, a P/E ratio of 32.04 and a beta of 1.96. International Game Technology PLC has a 52-week low of $18.56 and a 52-week high of $28.82. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.31 and a current ratio of 2.36.

International Game Technology (NYSE:IGT) last announced its earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.24). The company had revenue of $587.00 million for the quarter, compared to analyst estimates of $591.50 million. International Game Technology had a return on equity of 16.17% and a net margin of 4.17%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, equities analysts forecast that International Game Technology PLC will post 1 EPS for the current year.

International Game Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.80 annualized dividend and a yield of 4.16%. International Game Technology’s payout ratio is 133.34%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IGT. StockNews.com raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Stifel Nicolaus raised their target price on International Game Technology from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.67.

International Game Technology Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.