Inspired Entertainment, Inc. $INSE Shares Sold by 683 Capital Management LLC

Key Points

• 683 Capital Management LLC reduced its stake in Inspired Entertainment by 8.0%, selling 136,448 shares and holding 1,563,552 shares, which comprises approximately 0.9% of its portfolio.
• Analysts have varied ratings for Inspired Entertainment, with two analysts giving a Strong Buy rating, while others have set price targets ranging from $10 to $20.
• Inspired Entertainment reported a quarterly loss of ($0.19) earnings per share, missing analysts' estimates, despite having a revenue of $80.3 million that surpassed expectations.

683 Capital Management LLC reduced its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,563,552 shares of the company's stock after selling 136,448 shares during the quarter. Inspired Entertainment accounts for approximately 0.9% of 683 Capital Management LLC's investment portfolio, making the stock its 22nd biggest holding. 683 Capital Management LLC owned approximately 5.81% of Inspired Entertainment worth $13,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Inspired Entertainment by 673.7% in the 1st quarter. GAMMA Investing LLC now owns 5,671 shares of the company's stock valued at $480,000 after buying an additional 4,938 shares in the last quarter. Barclays PLC lifted its stake in Inspired Entertainment by 14.4% in the 4th quarter. Barclays PLC now owns 35,832 shares of the company's stock valued at $325,000 after buying an additional 4,511 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Inspired Entertainment by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after buying an additional 3,494 shares in the last quarter. Northern Trust Corp lifted its stake in 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 buying an additional 9,079 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in Inspired Entertainment by 26.8% in the 1st quarter. XTX Topco Ltd now owns 19,272 shares of the company's stock valued at $165,000 after buying an additional 4,072 shares in the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

Inspired Entertainment Trading Up 1.3%

INSE stock traded up $0.12 during mid-day trading on Friday, reaching $9.40. The company's stock had a trading volume of 69,041 shares, compared to its average volume of 121,516. The company's 50 day moving average is $8.88 and its two-hundred day moving average is $8.47. The stock has a market cap of $253.06 million, a PE ratio of 4.31 and a beta of 1.64. Inspired Entertainment, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $11.61.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last announced its quarterly 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). Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%.The firm had revenue of $80.30 million for the quarter, compared to analyst estimates of $75.23 million. On average, analysts forecast that Inspired Entertainment, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INSE has been the topic of a number of research reports. BWS Financial reaffirmed a "buy" rating and issued a $20.00 price target on shares of Inspired Entertainment in a research note on Monday, August 11th. JMP Securities decreased their price target on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. Wall Street Zen lowered shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Macquarie reiterated a "neutral" rating and issued a $10.00 price objective on shares of Inspired Entertainment in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $14.00.

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.