Goldman Sachs Group Inc. Reduces Stock Position in Inspired Entertainment, Inc. $INSE

Goldman Sachs Group Inc. cut its stake in Inspired Entertainment, Inc. (NASDAQ:INSE) by 1.5% in the first quarter, Holdings Channel.com reports. The firm owned 94,368 shares of the company’s stock after selling 1,431 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Inspired Entertainment were worth $806,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of Inspired Entertainment in the first quarter valued at approximately $31,000. GAMMA Investing LLC grew its position in shares of Inspired Entertainment by 673.7% in the first quarter. GAMMA Investing LLC now owns 5,671 shares of the company’s stock valued at $480,000 after purchasing an additional 4,938 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Inspired Entertainment by 28.7% in the first quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock valued at $105,000 after purchasing an additional 2,751 shares in the last quarter. Jane Street Group LLC purchased a new position in Inspired Entertainment in the first quarter worth approximately $123,000. Finally, Millennium Management LLC grew its position in Inspired Entertainment by 8.9% in the fourth quarter. Millennium Management LLC now owns 15,713 shares of the company’s stock worth $142,000 after acquiring an additional 1,287 shares during the period. 77.38% of the stock is currently owned by hedge funds and other institutional investors.

Inspired Entertainment Trading Up 0.5%

NASDAQ:INSE opened at $9.66 on Wednesday. The firm has a market cap of $260.05 million, a PE ratio of 4.43 and a beta of 1.64. The stock has a fifty day moving average price of $9.06 and a 200 day moving average price of $8.37. Inspired Entertainment, Inc. has a 12-month low of $6.51 and a 12-month high of $11.61.

Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Wednesday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.17). The company had revenue of $80.30 million during the quarter, compared to analysts’ expectations of $75.23 million. Inspired Entertainment had a net margin of 21.05% and a negative return on equity of 281.67%. Equities analysts forecast that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on INSE. Wall Street Zen lowered Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Zacks Research upgraded Inspired Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. BWS Financial reiterated a “buy” rating and issued a $20.00 price objective on shares of Inspired Entertainment in a research report on Monday, August 11th. Finally, Macquarie reiterated a “neutral” rating and issued a $10.00 price objective on shares of Inspired Entertainment in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Inspired Entertainment currently has an average rating of “Buy” and an average target price of $14.00.

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.