James Investment Research Inc. purchased a new position in shares of International Game Technology (NYSE:IGT) during the second quarter, according to its most recent filing with the SEC. The fund purchased 52,240 shares of the company’s stock, valued at approximately $956,000.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in International Game Technology by 573.7% in the first quarter. Bank of New York Mellon Corp now owns 1,211,062 shares of the company’s stock worth $28,701,000 after buying an additional 1,031,286 shares during the last quarter. Prudential Financial Inc. boosted its stake in International Game Technology by 243.1% in the first quarter. Prudential Financial Inc. now owns 1,222,646 shares of the company’s stock worth $28,977,000 after buying an additional 866,281 shares during the last quarter. FMR LLC boosted its stake in International Game Technology by 37.8% in the first quarter. FMR LLC now owns 2,402,519 shares of the company’s stock worth $56,940,000 after buying an additional 659,564 shares during the last quarter. Alliancebernstein L.P. boosted its stake in International Game Technology by 64.5% in the first quarter. Alliancebernstein L.P. now owns 892,907 shares of the company’s stock worth $21,162,000 after buying an additional 350,000 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in International Game Technology by 69.1% in the first quarter. Nationwide Fund Advisors now owns 811,329 shares of the company’s stock worth $19,228,000 after buying an additional 331,474 shares during the last quarter. Hedge funds and other institutional investors own 39.82% of the company’s stock.

Shares of International Game Technology (IGT) opened at 18.71 on Monday. The stock has a market cap of $3.79 billion, a PE ratio of 15.17 and a beta of 1.41. The company has a 50-day moving average of $18.31 and a 200 day moving average of $22.78. International Game Technology has a one year low of $17.25 and a one year high of $32.07.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.19. International Game Technology had a net margin of 4.96% and a return on equity of 11.97%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, analysts predict that International Game Technology will post $1.55 earnings per share for the current year.

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IGT has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated a “market perform” rating and set a $25.50 price target on shares of International Game Technology in a report on Wednesday, April 19th. Telsey Advisory Group cut 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. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $27.00 price target (up previously from $22.00) on shares of International Game Technology in a report on Sunday, May 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average 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.

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

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