Bank of Montreal Can Raises Holdings in International Game Technology PLC (IGT)

Bank of Montreal Can boosted its holdings in International Game Technology PLC (NYSE:IGT) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,313 shares of the company’s stock after acquiring an additional 24,968 shares during the quarter. Bank of Montreal Can’s holdings in International Game Technology were worth $1,453,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Peregrine Capital Management LLC raised its stake in International Game Technology by 13.3% during the third quarter. Peregrine Capital Management LLC now owns 1,486,846 shares of the company’s stock worth $29,365,000 after purchasing an additional 174,799 shares during the period. Reilly Financial Advisors LLC raised its stake in shares of International Game Technology by 2,035.6% in the 3rd quarter. Reilly Financial Advisors LLC now owns 6,471 shares of the company’s stock valued at $128,000 after acquiring an additional 6,168 shares during the period. Russell Investments Group Ltd. raised its stake in shares of International Game Technology by 224.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 81,109 shares of the company’s stock valued at $1,602,000 after acquiring an additional 56,100 shares during the period. W.E. Donoghue & Co. LLC raised its stake in shares of International Game Technology by 160.6% in the 3rd quarter. W.E. Donoghue & Co. LLC now owns 51,212 shares of the company’s stock valued at $1,011,000 after acquiring an additional 31,558 shares during the period. Finally, Kendall Capital Management raised its stake in shares of International Game Technology by 27.5% in the 3rd quarter. Kendall Capital Management now owns 46,690 shares of the company’s stock valued at $922,000 after acquiring an additional 10,075 shares during the period. Hedge funds and other institutional investors own 52.02% of the company’s stock.

Shares of IGT stock opened at $16.84 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.03 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $3.37 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. International Game Technology PLC has a fifty-two week low of $13.33 and a fifty-two week high of $31.00.

A number of equities research analysts have recently issued reports on IGT shares. ValuEngine raised shares of International Game Technology from a “strong sell” rating to a “sell” rating in a research note on Monday, November 26th. Deutsche Bank reissued a “buy” rating and issued a $29.00 price target on shares of International Game Technology in a research note on Monday, December 24th. SunTrust Banks raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Jefferies Financial Group set a $29.00 price target on shares of International Game Technology and gave the company a “buy” rating in a research note on Thursday, December 20th. Finally, Argus reduced their price target on shares of International Game Technology from $28.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. International Game Technology has a consensus rating of “Buy” and an average target price of $24.69.

COPYRIGHT VIOLATION NOTICE: “Bank of Montreal Can Raises Holdings in International Game Technology PLC (IGT)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2019/02/14/bank-of-montreal-can-raises-holdings-in-international-game-technology-plc-igt.html.

International Game Technology Company Profile

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

Featured Story: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply