Bank of New York Mellon Corp Has $412,000 Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Bank of New York Mellon Corp cut its holdings in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,269 shares of the company’s stock after selling 1,903 shares during the period. Bank of New York Mellon Corp owned 0.18% of Inspired Entertainment worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Kanen Wealth Management LLC lifted its position in Inspired Entertainment by 50.9% during the 1st quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company’s stock valued at $18,929,000 after purchasing an additional 676,988 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Inspired Entertainment by 14.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 286,900 shares of the company’s stock valued at $2,596,000 after acquiring an additional 36,500 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Inspired Entertainment by 12.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 203,099 shares of the company’s stock valued at $1,838,000 after acquiring an additional 23,165 shares during the period. Northern Trust Corp raised its position in shares of Inspired Entertainment by 4.7% in the 4th quarter. Northern Trust Corp now owns 202,014 shares of the company’s stock valued at $1,828,000 after acquiring an additional 9,079 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Inspired Entertainment by 38.5% in the 4th quarter. Russell Investments Group Ltd. now owns 146,085 shares of the company’s stock valued at $1,322,000 after acquiring an additional 40,612 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Stock Performance

Shares of INSE stock opened at $8.81 on Tuesday. The company has a market capitalization of $237.08 million, a P/E ratio of 3.50 and a beta of 1.62. The company’s 50 day moving average price is $8.42 and its two-hundred day moving average price is $8.68. Inspired Entertainment, Inc. has a 52 week low of $6.51 and a 52 week high of $11.61.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. B. Riley assumed coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They issued a “buy” rating and a $13.00 price target on the stock. Truist Financial cut their price target on shares of Inspired Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. BWS Financial assumed coverage on shares of Inspired Entertainment in a research report on Monday, July 14th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $14.00.

Inspired Entertainment Company Profile

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.