The company is trading up by 4.70% at $23.51 making it one of today’s top gainers. 1,646,017 shares have changed hands.
International Game Technology O in the news.
The stock last traded at $23.51 well above $20.52, the 50 day moving average and which is significantly above the 200 day moving average of $20.79. The 50 day moving average was up $2.99 and the 200 day average moved up $2.72.
Traders are a little more bearish on the company recently if you watch the change in short interest. The stock experienced a rise in short interest of 20.50% between August 15, 2017 and August 31, 2017. Short interest grew 578,885 over that period. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares was 0.01% on August 31.
The following firms have recently changed their position in IGT. As of the end of the quarter AHL Partners LLP had acquired a total of 148,013 shares growing its stake by 34.4%. The value of the company’s investment in International Game Technology O increased from $10,205,000 to $10,589,000 increasing 3.8% for the reporting period. Engineers Gate Manager Lp expanded its holdings by buying 122,160 shares an increase of 117.7% from 12/31/2016 to 06/30/2017. Engineers Gate Manager Lp now holds 225,987 shares with a value of $4,136,000. The total value of its holdings increased 56.1%.
Squarepoint Ops LLC augmented its investment by buying 184,973 shares an increase of 812.7% in the quarter. Squarepoint Ops LLC currently owns 207,733 shares valued at $3,802,000. The value of the position overall is up by 605.4%. As of quarter end Janus Capital Management LLC had sold 11,300 shares trimming its position 7.0%. The value of the investment in (IGT) went from $4,106,000 to $3,546,000 a change of 13.6% quarter to quarter.
On September 20 the stock rating was upgraded to “Buy” from “Buy” by Bank of America.
Additionally the company declared a dividend for shareholders that was paid on Thu Aug 24, 2017. The dividend was $0.200 per share for the quarter which is $0.80 annualized. This dividend represents a yield of $3.60. The ex-dividend date was set for Wednesday the 9th of August 2017.
As of the latest earnings report the EPS was $-0.56 and is estimated to be $1.20 for the current year with 202,945,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.42 with next year’s EPS projected to be $1.47.
International Game Technology PLC (IGT PLC), launched on July 11, 2014, is an end-to-end gaming company. The Company is involved in operating and providing an integrated portfolio of technology products and services across various gaming markets, including lottery management services, online and instants lotteries, electronic gaming machines, sports betting, interactive gaming and commercial services. Its segments are North America Gaming and Interactive (NAGI), North America Lottery, International and Italy. IGT PLC provides business-to-consumer (B2C) and business-to-business (B2B) products and services to customers in approximately 100 countries. IGT PLC also licenses certain trademarks from third parties, such as Wheel of Fortune, Jeopardy!, Life is Good, Circuit of the Americas, Ghostbusters, Gas Monkey Garage, The Three Stooges, Plants v. Zombies, Bejeweled, Zuma Caesars, Harrah’s, Rio, Paris Las Vegas and Horseshoe. Its lottery services are provided through concession or operator contracts (also referred to as lottery management services arrangements), facilities management contracts and product sales contracts. IGT PLC supplies a range of solutions for online, draw-based, and instant ticket lotteries to over 100 customers across the world. IGT PLC designs, sells and operates a suite of lottery-enabled point-of-sale terminals that are electronically linked with a centralized transaction processing system that reconciles lottery funds between the retailer, where a transaction is enabled, and the lottery authority. Among those solutions, IGT PLC provides and operates online lottery transaction processing systems, which are capable of processing over 500,000 transactions per minute. IGT PLC provides over 500,000 point-of-sale devices to lottery customers and lotteries that IGT PLC supports across the world..