International Game Technology shares had a trading volume of 8,354K by the end of trading on Tuesday. Volume was up 267.54% over the stocks average daily volume.
Traders are more bearish on shares of the company lately if you take into consideration the motion in short interest. The stock experienced a rise in short interest of 3.66% as of October 31, 2017 from the last reporting period. Short interest increased 143,092 over that timeframe. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares is 0.01% as of October 31.
These funds have shifted positions in (IGT). As of the end of the quarter Oppenheimerfunds, Inc. had bought 441,615 shares growing its holdings by 7.2%. The value of the investment in IGT went from $112,272,000 to $161,456,000 increasing 43.8% quarter over quarter. As of quarter end Ubs Asset Management Americas Inc had disposed of a total of 3,772 shares trimming its position 30.6%. The value of the investment in (IGT) decreased from $225,419,000 to $209,804,000 a change of $15,615,000 for the reporting period.
Raymond James & Associates grew its investment by buying 45,729 shares an increase of 103.8% in the quarter. Raymond James & Associates currently owns 89,793 shares with a value of $2,204,000. The value of the position overall is up by 173.4%. As of the end of the quarter Atlantic Investment Management, Inc. had sold a total of 122,247 shares trimming its stake by 29.7%. The value of the total investment in International Game Technology decreased from $7,544,000 to $7,120,000 a change of 5.6% since the last quarter.
Deutsche Bank AG released research on IGT giving it an initial rating of “Buy”.
The company is now unchanged by 0.00% since yesterday’s close of 15.57. In the latest earnings report the EPS was $-1.95 with 671.70M shares currently outstanding.
International Game Technology PLC (IGT PLC), launched on July 11, 2014, is an end-to-end gaming company. The Company is involved in operating and providing an integrated portfolio of technology products and services across various gaming markets, including lottery management services, online and instants lotteries, electronic gaming machines, sports betting, interactive gaming and commercial services. Its segments are North America Gaming and Interactive (NAGI), North America Lottery, International and Italy. IGT PLC provides business-to-consumer (B2C) and business-to-business (B2B) products and services to customers in approximately 100 countries. IGT PLC also licenses certain trademarks from third parties, such as Wheel of Fortune, Jeopardy!, Life is Good, Circuit of the Americas, Ghostbusters, Gas Monkey Garage, The Three Stooges, Plants v. Zombies, Bejeweled, Zuma Caesars, Harrah’s, Rio, Paris Las Vegas and Horseshoe. Its lottery services are provided through concession or operator contracts (also referred to as lottery management services arrangements), facilities management contracts and product sales contracts. IGT PLC supplies a range of solutions for online, draw-based, and instant ticket lotteries to over 100 customers across the world. IGT PLC designs, sells and operates a suite of lottery-enabled point-of-sale terminals that are electronically linked with a centralized transaction processing system that reconciles lottery funds between the retailer, where a transaction is enabled, and the lottery authority. Among those solutions, IGT PLC provides and operates online lottery transaction processing systems, which are capable of processing over 500,000 transactions per minute. IGT PLC provides over 500,000 point-of-sale devices to lottery customers and lotteries that IGT PLC supports across the world..