Fieldview Capital Management LLC Purchases New Position in Brightstar Lottery $BRSL

Fieldview Capital Management LLC purchased a new stake in shares of Brightstar Lottery (NYSE:BRSL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,090 shares of the company’s stock, valued at approximately $884,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. bought a new position in Brightstar Lottery during the 4th quarter valued at about $31,000. Empowered Funds LLC bought a new position in Brightstar Lottery during the 4th quarter valued at about $57,000. Quadrant Capital Group LLC bought a new position in Brightstar Lottery during the 4th quarter valued at about $60,000. PNC Financial Services Group Inc. bought a new position in Brightstar Lottery during the 4th quarter valued at about $93,000. Finally, Arax Advisory Partners bought a new position in Brightstar Lottery during the 4th quarter valued at about $104,000. 44.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Susquehanna lowered their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research report on Thursday, May 14th. Weiss Ratings cut shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 14th. Jefferies Financial Group lowered their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. 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 for the company. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Brightstar Lottery presently has a consensus rating of “Hold” and an average price target of $14.92.

Brightstar Lottery Stock Performance

Shares of NYSE BRSL opened at $11.84 on Monday. The firm has a market capitalization of $2.21 billion, a PE ratio of 14.26 and a beta of 0.99. The firm’s 50 day moving average price is $12.02. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. Brightstar Lottery has a 52-week low of $10.42 and a 52-week high of $18.57.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings data 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). The firm 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%. The firm’s revenue was up .7% on a year-over-year basis. Analysts predict that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is 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.