Van ECK Associates Corp Sells 1,395 Shares of International Game Technology PLC (NYSE:IGT)

Van ECK Associates Corp trimmed its stake in International Game Technology PLC (NYSE:IGT) by 5.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,604 shares of the company’s stock after selling 1,395 shares during the period. Van ECK Associates Corp’s holdings in International Game Technology were worth $464,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in International Game Technology in the third quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Game Technology during the 2nd quarter worth approximately $31,000. Blue Trust Inc. purchased a new position in International Game Technology during the second quarter valued at approximately $44,000. Hexagon Capital Partners LLC boosted its position in shares of International Game Technology by 1,633.6% in the second quarter. Hexagon Capital Partners LLC now owns 2,219 shares of the company’s stock worth $45,000 after purchasing an additional 2,091 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its stake in shares of International Game Technology by 100.9% in the second quarter. Industrial Alliance Investment Management Inc. now owns 2,310 shares of the company’s stock worth $47,000 after purchasing an additional 1,160 shares in the last quarter. 44.33% of the stock is owned by institutional investors.

International Game Technology Price Performance

Shares of International Game Technology stock opened at $20.99 on Wednesday. The firm has a market cap of $4.18 billion, a PE ratio of 20.97 and a beta of 1.96. The stock has a 50 day moving average of $21.06 and a 200 day moving average of $20.92. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 2.57. International Game Technology PLC has a 12 month low of $18.90 and a 12 month high of $28.82.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IGT shares. B. Riley restated a “buy” rating and set a $30.00 target price on shares of International Game Technology in a research note on Friday, July 26th. StockNews.com upgraded International Game Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Stifel Nicolaus boosted their price target on International Game Technology from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

International Game Technology Company Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. 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, as well as iLottery solutions and services.