Hsbc Holdings PLC Purchases Shares of 84,960 Brightstar Lottery $BRSL

Hsbc Holdings PLC acquired a new position in shares of Brightstar Lottery (NYSE:BRSL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 84,960 shares of the company’s stock, valued at approximately $1,318,000.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in Brightstar Lottery during the fourth quarter worth $31,000. NewEdge Advisors LLC bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $32,000. Empowered Funds LLC acquired a new position in Brightstar Lottery during the fourth quarter worth $57,000. Quadrant Capital Group LLC acquired a new stake in shares of Brightstar Lottery during the 4th quarter worth about $60,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Brightstar Lottery during the fourth quarter worth approximately $74,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRSL has been the topic of several recent analyst reports. BNP Paribas Exane initiated coverage on Brightstar Lottery in a report on Thursday, May 14th. They issued a “neutral” rating and a $12.60 target price on the stock. 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. Argus lowered Brightstar Lottery from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on Brightstar Lottery in a report on Wednesday. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Truist Financial lowered their price objective 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. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Brightstar Lottery presently has a consensus rating of “Hold” and a consensus target price of $14.93.

Brightstar Lottery Stock Performance

Shares of NYSE BRSL opened at $11.13 on Thursday. Brightstar Lottery has a 52-week low of $10.42 and a 52-week high of $18.57. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The firm has a market capitalization of $2.08 billion, a PE ratio of 13.40 and a beta of 1.00. The firm’s 50 day moving average price is $11.62.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings results 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 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 firm’s quarterly revenue was up .7% compared to the same quarter last year. Analysts predict that Brightstar Lottery will post 0.48 earnings per share for the current fiscal year.

Brightstar Lottery Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio (DPR) is presently 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.