Peregrine Capital Management LLC Raises Stock Position in International Game Technology PLC (NYSE:IGT)

Peregrine Capital Management LLC lifted its stake in International Game Technology PLC (NYSE:IGT) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 640,864 shares of the company’s stock after purchasing an additional 10,901 shares during the period. Peregrine Capital Management LLC owned about 0.32% of International Game Technology worth $11,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IGT. Signaturefd LLC purchased a new stake in International Game Technology in the third quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in International Game Technology during the fourth quarter worth $45,000. Point72 DIFC Ltd grew its position in shares of International Game Technology by 7.9% in the third quarter. Point72 DIFC Ltd now owns 12,870 shares of the company’s stock valued at $274,000 after purchasing an additional 947 shares during the last quarter. Victory Capital Management Inc. raised its stake in International Game Technology by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 14,897 shares of the company’s stock valued at $317,000 after purchasing an additional 996 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of International Game Technology during the 3rd quarter worth $500,000. 44.33% of the stock is owned by institutional investors and hedge funds.

International Game Technology Stock Up 1.5 %

International Game Technology stock opened at $17.39 on Tuesday. International Game Technology PLC has a fifty-two week low of $16.42 and a fifty-two week high of $27.27. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.36 and a quick ratio of 2.31. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 28.98 and a beta of 1.91. The firm has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $19.70.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IGT shares. StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Truist Financial reduced their price objective on International Game Technology from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, International Game Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.