Los Angeles Capital Management LLC Sells 5,131 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Los Angeles Capital Management LLC decreased its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 153,157 shares of the company’s stock after selling 5,131 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Inspired Entertainment were worth $1,513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Inspired Entertainment in the 4th quarter worth $158,000. Clear Harbor Asset Management LLC increased its position in Inspired Entertainment by 4.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company’s stock worth $337,000 after buying an additional 1,500 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Inspired Entertainment by 2.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company’s stock valued at $500,000 after acquiring an additional 1,433 shares during the period. Gamco Investors INC. ET AL increased its position in Inspired Entertainment by 58.7% during the third quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company’s stock worth $776,000 after acquiring an additional 24,000 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in Inspired Entertainment by 1.1% in the 3rd quarter. Gabelli Funds LLC now owns 90,000 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,000 shares during the period. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Inspired Entertainment Trading Down 0.6 %

Shares of Inspired Entertainment stock opened at $8.65 on Wednesday. Inspired Entertainment, Inc. has a 1-year low of $6.12 and a 1-year high of $16.01. The firm’s 50-day moving average price is $9.25 and its two-hundred day moving average price is $9.15. The stock has a market capitalization of $229.74 million, a price-to-earnings ratio of 34.60 and a beta of 1.43.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data 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 during the quarter. As a group, equities research analysts predict that Inspired Entertainment, Inc. will post 0.76 EPS for the current year.

Inspired Entertainment 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.