SG Americas Securities LLC Makes New Investment in Inspired Entertainment, Inc. (NASDAQ:INSE)

SG Americas Securities LLC purchased a new stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 16,002 shares of the company’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Inspired Entertainment by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 606,581 shares of the company’s stock valued at $7,255,000 after acquiring an additional 17,653 shares during the last quarter. Hudson Bay Capital Management LP raised its holdings in Inspired Entertainment by 5.0% in the 3rd 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. Deutsche Bank AG raised its holdings in Inspired Entertainment by 19.6% in the 3rd quarter. Deutsche Bank AG now owns 12,943 shares of the company’s stock valued at $155,000 after buying an additional 2,121 shares during the period. Cannell Capital LLC raised its holdings in Inspired Entertainment by 28.8% in the 3rd quarter. Cannell Capital LLC now owns 1,409,672 shares of the company’s stock valued at $16,860,000 after buying an additional 315,530 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Inspired Entertainment by 17.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 416,755 shares of the company’s stock valued at $4,984,000 after buying an additional 62,370 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Macquarie lowered shares of Inspired Entertainment from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. B. Riley started coverage on shares of Inspired Entertainment in a report on Friday, April 5th. They issued a “buy” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Inspired Entertainment presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Inspired Entertainment Stock Performance

Shares of INSE opened at $9.07 on Tuesday. The stock has a market capitalization of $237.81 million, a PE ratio of 25.19 and a beta of 1.42. Inspired Entertainment, Inc. has a 1 year low of $6.12 and a 1 year high of $16.01. The company’s 50-day simple moving average is $9.48 and its 200-day simple moving average is $9.43.

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. The business had revenue of $97.50 million for the quarter. Inspired Entertainment had a net margin of 3.22% and a negative return on equity of 16.61%. On average, sell-side analysts predict that Inspired Entertainment, Inc. will post 0.38 earnings per share for the current 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.