273 institutions hold shares in International Game Technology PLC (IGT), with 105.77M shares held by insiders accounting for 51.63% while institutional investors hold 89.29% of the company’s shares. The shares outstanding are 204.86M, and float is at 98.88M with Short Float at 2.47%. Institutions hold 43.19% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 11.48 million shares valued at $194.47 million. The investor’s holdings represent 5.60% of the IGT Shares outstanding. As of Dec 30, 2020, the second largest holder is Boston Partners with 7.48 million shares valued at $126.76 million to account for 3.65% of the shares outstanding. The other top investors are Lazard Asset Management LLC which holds 5.08 million shares representing 2.48% and valued at over $86.06 million, while FMR, LLC holds 1.79% of the shares totaling 3.67 million with a market value of $62.15 million.
International Game Technology PLC (NYSE: IGT) is -4.49% lower on its value in year-to-date trading and has touched a low of $5.57 and a high of $20.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IGT stock was last observed hovering at around $15.60 in the last trading session, with the day’s gains setting it 0.58% off its average median price target of $25.00 for the next 12 months. It is also 42.21% off the consensus price target high of $28.00 offered by 8 analysts, but current levels are 4.82% higher than the price target low of $17.00 for the same period.
Currently trading at $16.18, the stock is -2.45% and -7.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 3.72% at the moment leaves the stock 18.19% off its SMA200. IGT registered 154.80% gain for a year compared to 6-month gain of 57.24%. The firm has a 50-day simple moving average (SMA 50) of $17.24 and a 200-day simple moving average (SMA200) of $15.06.
The stock witnessed a -11.78% loss in the last 1 month and extending the period to 3 months gives it a -11.83%, and is -5.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.35% over the week and 5.09% over the month.
International Game Technology PLC (IGT) has around 11000 employees, a market worth around $3.32B and $3.12B in sales. Fwd P/E is 12.30. Profit margin for the company is -28.80%. Distance from 52-week low is 190.48% and -20.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.90%).
International Game Technology PLC (IGT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for International Game Technology PLC (IGT) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
International Game Technology PLC is expected to release its quarterly report on 08/03/2021 and quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $874.59M over the same period.The EPS is expected to shrink by -627.50% this year, but quarterly earnings will post 14.30% year-over-year. Quarterly sales are estimated to shrink -7.00% in year-over-year returns.
International Game Technology PLC (IGT): Who are the competitors?
The company’s main competitors (and peers) include Fortinet Inc. (FTNT) that is 99.57% higher over the past 12 months. Autodesk Inc. (ADSK) is 69.90% up on the 1-year trading charts. Short interest in the company’s stock has risen 5.77% from the last report on Mar 30, 2021 to stand at a total of 2.45 million short shares sold with a short interest ratio of 0.83.