Aristeia Capital L.L.C. Takes Position in Brightstar Lottery $BRSL

Aristeia Capital L.L.C. purchased a new position in shares of Brightstar Lottery (NYSE:BRSL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 45,525 shares of the company’s stock, valued at approximately $705,000.

A number of other institutional investors have also modified their holdings of BRSL. Gabelli Funds LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter worth $7,388,000. Gamco Investors INC. ET AL acquired a new stake in Brightstar Lottery in the fourth quarter valued at about $4,255,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Brightstar Lottery during the 4th quarter worth approximately $2,012,000. HighTower Advisors LLC acquired a new position in shares of Brightstar Lottery during the 4th quarter worth $4,541,000. Finally, ProShare Advisors LLC acquired a new position in Brightstar Lottery during the fourth quarter worth about $297,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

Brightstar Lottery Price Performance

BRSL opened at $11.09 on Thursday. The stock has a market cap of $2.07 billion, a PE ratio of 13.36 and a beta of 0.99. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79. The company has a 50-day simple moving average of $11.94.

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

Brightstar Lottery Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BRSL. Jefferies Financial Group decreased their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Weiss Ratings lowered Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Truist Financial dropped their price target on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, May 13th. Zacks Research downgraded Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Finally, BNP Paribas Exane assumed coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 price objective on the stock. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.92.

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.