72,804 Shares in Brightstar Lottery $BRSL Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of Brightstar Lottery (NYSE:BRSL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 72,804 shares of the company’s stock, valued at approximately $1,127,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gabelli Funds LLC bought a new stake in Brightstar Lottery during the 4th quarter worth $7,388,000. HighTower Advisors LLC bought a new stake in Brightstar Lottery during the 4th quarter worth $4,541,000. Royce & Associates LP bought a new stake in Brightstar Lottery during the 4th quarter worth $24,887,000. Thompson Siegel & Walmsley LLC bought a new stake in Brightstar Lottery during the 4th quarter worth $4,270,000. Finally, Kingsview Wealth Management LLC bought a new stake in Brightstar Lottery during the 4th quarter worth $2,574,000. Institutional investors own 44.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial reduced their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. BNP Paribas Exane began coverage on Brightstar Lottery in a report on Thursday, May 14th. They set a “neutral” rating and a $12.60 target price on the stock. Susquehanna cut their target price on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a report on Thursday, May 14th. Weiss Ratings downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Finally, Jefferies Financial Group cut their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.92.

Brightstar Lottery Trading Up 2.8%

Shares of BRSL opened at $11.57 on Wednesday. The firm has a market cap of $2.16 billion, a P/E ratio of 13.93 and a beta of 0.99. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The stock’s 50-day moving average is $12.07. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $587.00 million for the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The business’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts predict that Brightstar Lottery will post 0.79 EPS for the current fiscal year.

Brightstar Lottery Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s payout ratio is currently 110.84%.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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.