Brookstone Capital Management acquired a new stake in shares of International Game Technology (NYSE:IGT) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 15,605 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of International Game Technology by 0.6% in the first quarter. Bank of Montreal Can now owns 70,886 shares of the company’s stock valued at $1,680,000 after buying an additional 436 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of International Game Technology during the first quarter worth about $468,000. LSV Asset Management purchased a new position in shares of International Game Technology during the first quarter worth about $170,000. Advisors Asset Management Inc. raised its position in shares of International Game Technology by 9.1% in the first quarter. Advisors Asset Management Inc. now owns 43,235 shares of the company’s stock worth $1,025,000 after buying an additional 3,614 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of 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 worth $147,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 39.01% of the company’s stock.

International Game Technology (IGT) opened at 19.79 on Tuesday. The company has a 50-day moving average price of $19.56 and a 200-day moving average price of $21.57. International Game Technology has a 52 week low of $17.25 and a 52 week high of $32.07. The stock’s market cap is $4.02 billion.

International Game Technology (NYSE:IGT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $0.43 earnings per share. 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 $1.20 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Friday, August 11th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.04%. International Game Technology’s dividend payout ratio (DPR) is -142.86%.

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A number of brokerages recently issued reports on IGT. BidaskClub lowered International Game Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine lowered International Game Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Telsey Advisory Group reduced their target price on International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. Finally, Bank of America Corporation restated a “neutral” rating and issued a $27.00 target price (up previously from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.38.

About International Game Technology

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.

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

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