Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 50,642 shares of the company’s stock after buying an additional 1,433 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.19% of Inspired Entertainment worth $500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cannell Capital LLC raised its position in Inspired Entertainment by 28.8% during the third quarter. Cannell Capital LLC now owns 1,409,672 shares of the company’s stock valued at $16,860,000 after acquiring an additional 315,530 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in shares of Inspired Entertainment by 4.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock valued at $337,000 after purchasing an additional 1,500 shares during the period. Foundry Partners LLC boosted its holdings in Inspired Entertainment by 22.7% during the third quarter. Foundry Partners LLC now owns 345,855 shares of the company’s stock worth $4,136,000 after buying an additional 63,895 shares in the last quarter. Hudson Bay Capital Management LP grew its position in Inspired Entertainment by 5.0% during the third quarter. Hudson Bay Capital Management LP now owns 157,469 shares of the company’s stock valued at $1,883,000 after buying an additional 7,469 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in Inspired Entertainment by 58.7% in the third quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company’s stock valued at $776,000 after buying an additional 24,000 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INSE. Macquarie cut Inspired Entertainment from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $10.00 in a research report on Wednesday, January 17th. JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of Inspired Entertainment in a research report on Tuesday, April 16th. Finally, B. Riley initiated coverage on Inspired Entertainment in a research report on Friday, April 5th. They set a “buy” rating and a $21.00 target price on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Inspired Entertainment Trading Down 2.4 %

INSE stock opened at $8.66 on Friday. The business’s 50-day moving average is $9.43 and its 200 day moving average is $9.33. Inspired Entertainment, Inc. has a 12-month low of $6.12 and a 12-month high of $16.01. The stock has a market cap of $230.01 million, a price-to-earnings ratio of 34.64 and a beta of 1.42.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. Inspired Entertainment had a negative return on equity of 13.11% and a net margin of 2.25%. The firm had revenue of $97.50 million for the quarter. As a group, equities analysts forecast that Inspired Entertainment, Inc. will post 0.76 EPS for the current fiscal year.

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.