Los Angeles Capital Management LLC Lowers Stock Position in Inspired Entertainment, Inc. (NASDAQ:INSE)

Los Angeles Capital Management LLC lowered its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 44.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 85,784 shares of the company’s stock after selling 67,373 shares during the period. Los Angeles Capital Management LLC’s holdings in Inspired Entertainment were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Platform Technology Partners purchased a new stake in shares of Inspired Entertainment in the fourth quarter valued at about $117,000. SG Americas Securities LLC purchased a new stake in shares of Inspired Entertainment in the fourth quarter valued at about $158,000. Clear Harbor Asset Management LLC raised its holdings in shares of Inspired Entertainment by 4.6% in the fourth quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock valued at $337,000 after purchasing an additional 1,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Inspired Entertainment by 2.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock valued at $500,000 after purchasing an additional 1,433 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Inspired Entertainment by 3.8% in the fourth quarter. Gabelli Funds LLC now owns 93,400 shares of the company’s stock valued at $923,000 after purchasing an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Performance

NASDAQ INSE opened at $9.23 on Tuesday. Inspired Entertainment, Inc. has a 52-week low of $6.12 and a 52-week high of $14.97. The company has a 50-day simple moving average of $8.99 and a 200 day simple moving average of $9.21. The company has a market capitalization of $245.24 million, a PE ratio of 153.86 and a beta of 1.44.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Friday, May 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). The business had revenue of $63.10 million for the quarter, compared to the consensus estimate of $63.65 million. Inspired Entertainment had a negative return on equity of 9.10% and a net margin of 0.56%. As a group, analysts forecast that Inspired Entertainment, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INSE. B. Riley initiated coverage on shares of Inspired Entertainment in a report on Friday, April 5th. They issued a “buy” rating and a $21.00 target price for the company. JMP Securities decreased their price objective on shares of Inspired Entertainment from $15.00 to $14.00 and set a “market outperform” rating for the company in a report on Monday, May 13th.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.