BlueMountain Capital Management LLC lifted its stake in shares of International Game Technology (NYSE:IGT) by 391.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,839 shares of the company’s stock after purchasing an additional 173,477 shares during the period. BlueMountain Capital Management LLC owned about 0.11% of International Game Technology worth $3,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in IGT. Los Angeles Capital Management & Equity Research Inc. grew its stake in International Game Technology by 1.0% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,950 shares of the company’s stock valued at $425,000 after acquiring an additional 170 shares in the last quarter. Amalgamated Bank grew its stake in International Game Technology by 3.4% during the 1st quarter. Amalgamated Bank now owns 13,516 shares of the company’s stock valued at $320,000 after acquiring an additional 441 shares in the last quarter. Sei Investments Co. grew its stake in International Game Technology by 0.5% during the 1st quarter. Sei Investments Co. now owns 110,024 shares of the company’s stock valued at $2,607,000 after acquiring an additional 505 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in International Game Technology by 0.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 418,488 shares of the company’s stock valued at $9,918,000 after acquiring an additional 1,333 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in International Game Technology by 38.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock valued at $118,000 after acquiring an additional 1,398 shares in the last quarter. 39.01% of the stock is owned by institutional investors and hedge funds.

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Several analysts recently issued reports on IGT shares. ValuEngine raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of International Game Technology from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Bank of America Corporation reaffirmed a “neutral” rating and set a $27.00 price objective (up previously from $22.00) on shares of International Game Technology in a research note on Sunday, May 28th. Finally, Telsey Advisory Group dropped their price objective on shares of International Game Technology from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. International Game Technology currently has a consensus rating of “Hold” and a consensus target price of $27.38.

Shares of International Game Technology (NYSE:IGT) traded up 3.35% during mid-day trading on Friday, reaching $22.24. 4,579,478 shares of the company traded hands. The stock’s 50-day moving average is $20.32 and its 200-day moving average is $20.94. The company’s market capitalization is $4.51 billion. International Game Technology has a 52 week low of $17.25 and a 52 week high of $32.07.

International Game Technology (NYSE:IGT) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.17). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. International Game Technology had a positive return on equity of 10.35% and a negative net margin of 2.28%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities analysts predict that International Game Technology will post $1.20 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Friday, August 11th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.60%. International Game Technology’s dividend payout ratio (DPR) is presently -142.86%.

International Game Technology Profile

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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