Rhumbline Advisers decreased its holdings in International Game Technology PLC (NYSE:IGT) by 10.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,563 shares of the company’s stock after selling 9,746 shares during the period. Rhumbline Advisers’ holdings in International Game Technology were worth $2,012,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Brookstone Capital Management raised its holdings in International Game Technology by 39.8% in the 2nd quarter. Brookstone Capital Management now owns 19,893 shares of the company’s stock worth $462,000 after purchasing an additional 5,664 shares in the last quarter. Boston Partners raised its holdings in International Game Technology by 27.6% in the 2nd quarter. Boston Partners now owns 269,736 shares of the company’s stock worth $6,269,000 after purchasing an additional 58,307 shares in the last quarter. Sei Investments Co. increased its stake in shares of International Game Technology by 5.2% in the 2nd quarter. Sei Investments Co. now owns 126,762 shares of the company’s stock worth $2,946,000 after acquiring an additional 6,286 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of International Game Technology in the 2nd quarter worth about $844,000. Finally, D.A. Davidson & CO. increased its stake in shares of International Game Technology by 17.1% in the 2nd quarter. D.A. Davidson & CO. now owns 22,128 shares of the company’s stock worth $514,000 after acquiring an additional 3,238 shares in the last quarter. 47.07% of the stock is owned by institutional investors.

IGT has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price target on shares of International Game Technology in a research note on Wednesday, August 1st. Union Gaming Research upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. They noted that the move was a valuation call. UBS Group upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. ValuEngine lowered shares of International Game Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Credit Suisse Group initiated coverage on shares of International Game Technology in a research note on Tuesday, August 14th. They issued a “neutral” rating and a $24.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $32.00.

Shares of International Game Technology stock opened at $19.45 on Thursday. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.01 and a quick ratio of 0.88. The stock has a market capitalization of $3.80 billion, a P/E ratio of 12.36 and a beta of 1.37. International Game Technology PLC has a 1 year low of $18.25 and a 1 year high of $31.00.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.06). The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. International Game Technology had a positive return on equity of 12.26% and a negative net margin of 13.37%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. equities research analysts expect that International Game Technology PLC will post 1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.11%. International Game Technology’s dividend payout ratio is currently 52.63%.

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

Recommended Story: How Do Tariffs Affect Trade Balances?

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 PLC (NYSE:IGT).

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

Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.