Russell Investments Group Ltd. Sells 7,765 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Russell Investments Group Ltd. trimmed its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE – Get Rating) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,795 shares of the company’s stock after selling 7,765 shares during the quarter. Russell Investments Group Ltd.’s holdings in Inspired Entertainment were worth $1,619,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. 683 Capital Management LLC raised its position in shares of Inspired Entertainment by 10.2% during the third quarter. 683 Capital Management LLC now owns 2,425,000 shares of the company’s stock worth $21,412,000 after purchasing an additional 225,000 shares during the period. BlackRock Inc. raised its position in Inspired Entertainment by 2.6% in the 3rd quarter. BlackRock Inc. now owns 1,343,311 shares of the company’s stock valued at $11,863,000 after buying an additional 34,339 shares during the last quarter. Cowen Prime Advisors LLC raised its position in Inspired Entertainment by 24.1% in the 4th quarter. Cowen Prime Advisors LLC now owns 997,800 shares of the company’s stock valued at $12,642,000 after buying an additional 194,050 shares during the last quarter. Samjo Capital LLC raised its position in Inspired Entertainment by 30.2% in the 3rd quarter. Samjo Capital LLC now owns 690,000 shares of the company’s stock valued at $5,420,000 after buying an additional 160,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Inspired Entertainment by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 514,145 shares of the company’s stock valued at $4,541,000 after buying an additional 61,347 shares during the last quarter. 96.61% of the stock is owned by institutional investors and hedge funds.

Inspired Entertainment Price Performance

Shares of Inspired Entertainment stock opened at $13.60 on Wednesday. Inspired Entertainment, Inc. has a 1 year low of $7.49 and a 1 year high of $16.44. The firm has a market cap of $357.27 million, a PE ratio of 19.16 and a beta of 1.63. The stock has a fifty day moving average price of $12.81 and a 200-day moving average price of $13.35.

Inspired Entertainment (NASDAQ:INSE – Get Rating) last announced its earnings results on Wednesday, May 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $66.00 million during the quarter, compared to analyst estimates of $65.03 million. Inspired Entertainment had a negative return on equity of 43.27% and a net margin of 7.08%. As a group, equities analysts anticipate that Inspired Entertainment, Inc. will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Roth Mkm increased their price target on Inspired Entertainment from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, February 15th. JMP Securities increased their price target on Inspired Entertainment from $18.00 to $19.00 and gave the company a “market outperform” rating in a research report on Monday, April 17th. Finally, 500.com reissued a “maintains” rating on shares of Inspired Entertainment in a research report on Thursday, May 11th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.75.

About Inspired Entertainment

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Inspired Entertainment, Inc is a game technology company, which engages in the provision of gaming systems. It operates through the following segments: Gaming, Virtual Sports, Interactive, Leisure, and Corporate. The Gaming segment supplies gaming terminals as well as gaming software and games for the terminals.