International Game Technology PLC (NYSE:IGT) hit a new 52-week low on Wednesday . The company traded as low as $13.23 and last traded at $13.28, with a volume of 181259 shares changing hands. The stock had previously closed at $13.44.

IGT has been the topic of several research analyst reports. Susquehanna Bancshares initiated coverage on International Game Technology in a research note on Friday, December 7th. They set a “positive” rating and a $22.00 price target on the stock. ValuEngine raised International Game Technology from a “strong sell” rating to a “sell” rating in a research note on Monday, November 26th. SunTrust Banks raised International Game Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Argus decreased their price target on International Game Technology from $28.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Finally, Jefferies Financial Group set a $29.00 price target on International Game Technology and gave the stock a “buy” rating in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.64.

The company has a market capitalization of $2.74 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.10 and a beta of 1.36. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.14 and a quick ratio of 1.00.

International Game Technology (NYSE:IGT) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.11). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. International Game Technology had a positive return on equity of 7.64% and a negative net margin of 0.44%. International Game Technology’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. Analysts anticipate that International Game Technology PLC will post 1.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 21st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date is Wednesday, March 20th. International Game Technology’s payout ratio is currently 81.63%.

A number of hedge funds have recently bought and sold shares of IGT. Marshall Wace North America L.P. lifted its stake in International Game Technology by 41.3% in the 3rd quarter. Marshall Wace North America L.P. now owns 5,747,367 shares of the company’s stock valued at $113,510,000 after buying an additional 1,680,947 shares in the last quarter. Rubric Capital Management LP lifted its stake in International Game Technology by 65.9% in the 3rd quarter. Rubric Capital Management LP now owns 3,850,000 shares of the company’s stock valued at $76,038,000 after buying an additional 1,530,000 shares in the last quarter. Norges Bank purchased a new stake in International Game Technology in the 4th quarter valued at approximately $20,893,000. TIAA CREF Investment Management LLC lifted its stake in International Game Technology by 336.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,564,264 shares of the company’s stock valued at $30,894,000 after buying an additional 1,206,152 shares in the last quarter. Finally, Samlyn Capital LLC lifted its stake in International Game Technology by 29.0% in the 4th quarter. Samlyn Capital LLC now owns 5,348,778 shares of the company’s stock valued at $78,252,000 after buying an additional 1,202,082 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

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About International Game Technology (NYSE:IGT)

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

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