Los Angeles Capital Management LLC Sells 8,500 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Los Angeles Capital Management LLC lowered its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,108 shares of the company’s stock after selling 8,500 shares during the period. Los Angeles Capital Management LLC’s holdings in Inspired Entertainment were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INSE. Foundry Partners LLC raised its position in shares of Inspired Entertainment by 12.8% in the third quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock valued at $4,907,000 after buying an additional 59,915 shares in the last quarter. Barclays PLC increased its stake in Inspired Entertainment by 314.1% during the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock worth $291,000 after acquiring an additional 23,757 shares during the period. Geode Capital Management LLC raised its holdings in Inspired Entertainment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after acquiring an additional 4,233 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Inspired Entertainment during the 4th quarter valued at $97,000. Finally, State Street Corp grew its holdings in shares of Inspired Entertainment by 0.7% during the 3rd quarter. State Street Corp now owns 405,625 shares of the company’s stock worth $3,760,000 after purchasing an additional 2,675 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Inspired Entertainment Price Performance

Shares of NASDAQ:INSE opened at $10.04 on Tuesday. Inspired Entertainment, Inc. has a 1 year low of $7.51 and a 1 year high of $11.61. The stock has a market capitalization of $266.84 million, a price-to-earnings ratio of -1,003.00 and a beta of 1.40. The company’s 50 day simple moving average is $9.80 and its 200 day simple moving average is $9.50.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Inspired Entertainment in a research note on Monday, January 27th.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.