Harbor Capital Advisors Inc. Boosts Holdings in International Game Technology PLC (NYSE:IGT)

Harbor Capital Advisors Inc. raised its stake in shares of International Game Technology PLC (NYSE:IGT) by 127.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 54,606 shares of the company’s stock after buying an additional 30,569 shares during the period. Harbor Capital Advisors Inc.’s holdings in International Game Technology were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC purchased a new position in International Game Technology during the third quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Game Technology in the 2nd quarter valued at $31,000. Blue Trust Inc. purchased a new stake in International Game Technology during the second quarter worth $44,000. Hexagon Capital Partners LLC grew its position in International Game Technology by 1,633.6% during the second quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company’s stock valued at $45,000 after buying an additional 2,091 shares during the period. Finally, CWM LLC grew its position in International Game Technology by 156.7% during the second quarter. CWM LLC now owns 2,321 shares of the company’s stock valued at $47,000 after buying an additional 1,417 shares during the period. Institutional investors and hedge funds own 44.33% of the company’s stock.

International Game Technology Stock Performance

Shares of NYSE:IGT opened at $20.48 on Wednesday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.84 and a quick ratio of 0.71. International Game Technology PLC has a 1 year low of $18.90 and a 1 year high of $29.17. The firm has a market capitalization of $4.08 billion, a PE ratio of 20.08 and a beta of 1.96. The business’s 50 day moving average price is $21.15 and its 200-day moving average price is $20.90.

Analyst Ratings Changes

Several research firms have recently issued reports on IGT. B. Riley reissued a “buy” rating and set a $30.00 target price on shares of International Game Technology in a research note on Friday, July 26th. StockNews.com lowered International Game Technology from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus upped their target price on International Game Technology from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, International Game Technology currently has an average rating of “Moderate Buy” and a consensus price target of $28.67.

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.