Teton Advisors Inc. lessened its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE – Free Report) by 8.9% in the second quarter, Holdings Channel reports. The institutional investor owned 255,221 shares of the company’s stock after selling 25,000 shares during the period. Inspired Entertainment accounts for approximately 1.0% of Teton Advisors Inc.’s holdings, making the stock its 22nd largest position. Teton Advisors Inc.’s holdings in Inspired Entertainment were worth $3,754,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in INSE. Portolan Capital Management LLC raised its holdings in Inspired Entertainment by 104.1% in the 1st quarter. Portolan Capital Management LLC now owns 489,720 shares of the company’s stock valued at $6,024,000 after buying an additional 249,794 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Inspired Entertainment by 250.3% in the 1st quarter. Ameriprise Financial Inc. now owns 338,480 shares of the company’s stock valued at $4,329,000 after buying an additional 241,866 shares during the last quarter. Federated Hermes Inc. increased its position in Inspired Entertainment by 497.8% during the 1st quarter. Federated Hermes Inc. now owns 273,357 shares of the company’s stock valued at $3,496,000 after purchasing an additional 227,632 shares during the period. State Street Corp increased its position in Inspired Entertainment by 221.9% during the 2nd quarter. State Street Corp now owns 267,868 shares of the company’s stock valued at $2,306,000 after purchasing an additional 184,648 shares during the period. Finally, Northern Trust Corp increased its position in Inspired Entertainment by 301.2% during the 2nd quarter. Northern Trust Corp now owns 192,927 shares of the company’s stock valued at $1,662,000 after purchasing an additional 144,845 shares during the period. Institutional investors own 82.08% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Truist Financial decreased their target price on shares of Inspired Entertainment from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.50.
Inspired Entertainment Stock Performance
Shares of INSE stock traded down $0.08 during trading hours on Friday, hitting $7.46. 254,494 shares of the company were exchanged, compared to its average volume of 124,691. The firm has a market cap of $196.47 million, a P/E ratio of 12.64 and a beta of 1.65. Inspired Entertainment, Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $16.44. The company has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $12.56.
About Inspired Entertainment
Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.
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