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

Concurrent Investment Advisors LLC lowered its stake in International Game Technology PLC (NYSE:IGT) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 quarter.

A number of other large investors have also added to or reduced their stakes in IGT. Peregrine Capital Management LLC boosted its stake in shares of International Game Technology by 1.7% in the 4th quarter. Peregrine Capital Management LLC now owns 640,864 shares of the company’s stock worth $11,318,000 after buying an additional 10,901 shares during the last quarter. Rhumbline Advisers lifted its holdings in International Game Technology by 2.0% in the fourth quarter. Rhumbline Advisers now owns 180,285 shares of the company’s stock valued at $3,184,000 after acquiring an additional 3,611 shares during the period. Van ECK Associates Corp lifted its holdings in International Game Technology by 5.1% in the fourth 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 period. Mirae Asset Global Investments Co. Ltd. purchased a new position in International Game Technology in the fourth quarter worth about $45,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of International Game Technology by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 56,048 shares of the company’s stock valued at $990,000 after purchasing an additional 1,442 shares during the period. Institutional investors own 44.33% of the company’s stock.

Analyst Ratings Changes

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

International Game Technology Trading Down 1.3 %

Shares of NYSE:IGT opened at $17.96 on Friday. The stock has a 50 day moving average of $17.31 and a 200 day moving average of $19.60. The company has a market cap of $3.62 billion, a PE ratio of 29.93 and a beta of 1.91. International Game Technology PLC has a 12-month low of $16.42 and a 12-month high of $27.27. The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85.

About International Game Technology

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.