Seven Eight Capital LP Sells 9,362 Shares of International Game Technology PLC (NYSE:IGT)

 International Game Technology Logo Seven Eight Capital LP cut its position in International Game Technology PLC (NYSE: IGT - Get Rating) stock by 49.9% in the first quarter, according to a recent 13F filing with the SEC. The company owned 9,403 shares of the company's stock after selling 9,362 shares during the quarter. Seven Eight Capital LP's stake in International Game Technology was worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have recently changed positions with the company. Massachusetts Financial Services Co. MA increased its stake in International Game Technology by 8.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,433,167 shares worth $183,451,000 after purchasing an additional 549,731 shares during this period. Boston Partners increased its stake in International Game Technology by 36.9% in the first quarter. Boston Partners now owns 6,662,138 shares worth $161,326,000 after he purchased an additional 1,796,129 shares during this period. Lazard Asset Management LLC increased its stake in International Game Technology by 16.1% in the fourth quarter. After purchasing an additional 828,482 shares during this period, Lazard Asset Management LLC now owns 5,986,714 shares of the company, valued at $173,074,000. Bank of New York Mellon Corp increased its stake in International Game Technology by 62.2% in the first quarter. Bank of New York Mellon Corp now owns 5,025,282 shares of the company worth $124,024,000 after he purchased an additional 1,927,848 shares during this period. Finally, 140 Summer Partners LP increased its stake in International Game Technology by 164.4% in the fourth quarter. 140 Summer Partners LP now owns 2,556,259 shares of the company stock valued at $73,901,000 after purchasing an additional 1,589,548 shares during this period. Institutional investors own 44.33% of the company's shares. Analyst upgrades and downgrades

Several research analysts have commented on the company. StockNews.com downgraded International Game Technology's rating from 'Buy' to 'Pending' in its research notes on Wednesday, August 24th. Jefferies Financial Group upgraded International Game Technology from a 'hold' rating to a 'buy' rating and raised its price target from $30.00 to $26.00 in a research note on Thursday, May 12.

The NYSE IGT International Game Technology Stock Performance Shares opened Monday at $19.00. The stock has a market cap of $3.87 billion, a price/earnings ratio of 24.68 and a beta of 1.83. The company has a current ratio of 1.56, a quick ratio of 1.44 and a debt to equity ratio of 3.53. International Game Technology PLC hit a one-year low of $16.46 and a one-year high of $32.95. The stock has a 50-day moving average of $19.55 and a 200-day moving average of $22.07. International Game Technology Announces Dividend

The company recently announced a quarterly dividend payable on Tuesday, August 30. Investors of record on Tuesday, August 16 will receive a dividend of $0.20 per share. The ex-dividend date for this dividend is Monday, August 15. This equates to his $0.80 dividend and his 4.21% dividend yield on an annual basis. International Game Technology's payout ratio is 103.90%.

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