HighTower Advisors LLC Invests $4.54 Million in Brightstar Lottery $BRSL

HighTower Advisors LLC bought a new position in shares of Brightstar Lottery (NYSE:BRSL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 293,333 shares of the company’s stock, valued at approximately $4,541,000. HighTower Advisors LLC owned 0.15% of Brightstar Lottery at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BRSL. Gabelli Funds LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $7,388,000. Gamco Investors INC. ET AL purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $4,255,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $2,012,000. 44.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRSL has been the topic of a number of research analyst reports. Susquehanna reduced their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a research report on Thursday, May 14th. BNP Paribas Exane initiated coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price objective on the stock. Weiss Ratings downgraded shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Truist Financial reduced their price objective on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Price Performance

NYSE:BRSL opened at $11.19 on Friday. The stock has a 50-day simple moving average of $12.31. The stock has a market cap of $2.09 billion, a P/E ratio of 13.49 and a beta of 1.04. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. Brightstar Lottery has a 1-year low of $10.42 and a 1-year high of $18.57.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that Brightstar Lottery will post 0.79 EPS for the current fiscal year.

Brightstar Lottery Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.2%. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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.