Concurrent Investment Advisors LLC Sells 9,997 Shares of International Game Technology PLC (NYSE:IGT)

Concurrent Investment Advisors LLC decreased its holdings in International Game Technology PLC (NYSE:IGT) by 15.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 54,323 shares of the company’s stock after selling 9,997 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in International Game Technology were worth $959,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC bought a new position in International Game Technology in the 3rd quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of International Game Technology in the fourth quarter worth $45,000. Point72 DIFC Ltd boosted its position in shares of International Game Technology by 7.9% during the third quarter. Point72 DIFC Ltd now owns 12,870 shares of the company’s stock worth $274,000 after acquiring an additional 947 shares during the last quarter. Victory Capital Management Inc. grew its stake in International Game Technology by 7.2% during the third quarter. Victory Capital Management Inc. now owns 14,897 shares of the company’s stock valued at $317,000 after acquiring an additional 996 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in International Game Technology by 5.1% in the 4th quarter. Van ECK Associates Corp now owns 23,749 shares of the company’s stock valued at $419,000 after acquiring an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Wall Street Analysts Forecast Growth

IGT has been the subject of several research reports. Truist Financial dropped their price objective on shares of International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. StockNews.com raised International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.

International Game Technology Price Performance

IGT stock opened at $17.96 on Friday. The company has a fifty day simple moving average of $17.31 and a two-hundred day simple moving average of $19.60. International Game Technology PLC has a 52 week low of $16.42 and a 52 week high of $27.27. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $3.62 billion, a P/E ratio of 29.93 and a beta of 1.91.

International Game Technology Company 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.