Hsbc Holdings PLC Takes Position in Brightstar Lottery $BRSL

Hsbc Holdings PLC bought a new position in shares of Brightstar Lottery (NYSE:BRSL) during the fourth quarter, HoldingsChannel reports. The fund bought 84,960 shares of the company’s stock, valued at approximately $1,318,000.

A number of other institutional investors have also modified their holdings of BRSL. Nomura Asset Management Co. Ltd. purchased a new stake in Brightstar Lottery in the 4th quarter valued at $31,000. NewEdge Advisors LLC purchased a new position in Brightstar Lottery during the 4th quarter worth $32,000. Rockefeller Capital Management L.P. acquired a new position in Brightstar Lottery in the fourth quarter valued at $52,000. Empowered Funds LLC acquired a new position in Brightstar Lottery in the fourth quarter valued at $57,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at about $60,000. 44.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Susquehanna decreased their target price on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, May 14th. Zacks Research cut Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reduced their price objective on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Stifel Nicolaus reissued a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Finally, Weiss Ratings downgraded Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.93.

Brightstar Lottery Price Performance

Shares of NYSE:BRSL opened at $10.93 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 13.16 and a beta of 1.00. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The stock’s 50 day moving average price is $11.37.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). 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. On average, equities analysts anticipate that Brightstar Lottery will post 0.4 earnings per share for the current year.

Brightstar Lottery Dividend Announcement

The company also recently announced 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 8.4%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is 110.84%.

About Brightstar Lottery

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.