Alps Advisors Inc. Has $1.65 Million Position in International Game Technology (IGT)

Alps Advisors Inc. increased its position in shares of International Game Technology (NYSE:IGT) by 55.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,171 shares of the company’s stock after purchasing an additional 24,040 shares during the period. Alps Advisors Inc.’s holdings in International Game Technology were worth $1,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in International Game Technology by 3.4% during the first quarter. Amalgamated Bank now owns 13,516 shares of the company’s stock worth $320,000 after purchasing an additional 441 shares in the last quarter. Northern Trust Corp raised its holdings in International Game Technology by 0.3% during the second quarter. Northern Trust Corp now owns 287,236 shares of the company’s stock worth $5,257,000 after purchasing an additional 887 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in International Game Technology by 38.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,989 shares of the company’s stock worth $118,000 after purchasing an additional 1,398 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in International Game Technology by 14.4% during the second quarter. Pinnacle Associates Ltd. now owns 11,467 shares of the company’s stock worth $210,000 after purchasing an additional 1,445 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in International Game Technology by 5.3% during the second quarter. Voya Investment Management LLC now owns 30,256 shares of the company’s stock worth $554,000 after purchasing an additional 1,510 shares in the last quarter. 38.05% of the stock is owned by hedge funds and other institutional investors.

Shares of International Game Technology (NYSE:IGT) traded down $0.28 on Monday, hitting $23.80. 1,409,200 shares of the stock were exchanged, compared to its average volume of 1,484,587. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.71 and a current ratio of 0.85. International Game Technology has a fifty-two week low of $17.25 and a fifty-two week high of $32.07. The stock has a market cap of $4,817.84, a PE ratio of 13.45 and a beta of 1.45.

A number of research analysts have issued reports on IGT shares. BidaskClub raised shares of International Game Technology from a “sell” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Bank of America Corporation raised shares of International Game Technology from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $30.00 in a report on Wednesday, September 20th. Finally, Deutsche Bank AG started coverage on shares of International Game Technology in a report on Tuesday, September 26th. They issued a “buy” rating and a $30.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.13.

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About International Game Technology

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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Institutional Ownership by Quarter for International Game Technology (NYSE:IGT)

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