AMH Equity Ltd Acquires New Position in Inspired Entertainment, Inc. (NASDAQ:INSE)

AMH Equity Ltd bought a new position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 74,000 shares of the company's stock, valued at approximately $632,000. AMH Equity Ltd owned about 0.28% of Inspired Entertainment at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in INSE. Kanen Wealth Management LLC lifted its stake in Inspired Entertainment by 50.9% in the first quarter. Kanen Wealth Management LLC now owns 2,006,017 shares of the company's stock valued at $18,929,000 after acquiring an additional 676,988 shares during the last quarter. Brown Advisory Inc. lifted its stake in Inspired Entertainment by 173.6% in the first quarter. Brown Advisory Inc. now owns 470,798 shares of the company's stock valued at $4,021,000 after acquiring an additional 298,726 shares during the last quarter. Primoris Wealth Advisors LLC acquired a new stake in Inspired Entertainment in the fourth quarter valued at $986,000. Renaissance Technologies LLC lifted its stake in Inspired Entertainment by 193.2% in the fourth quarter. Renaissance Technologies LLC now owns 95,000 shares of the company's stock valued at $860,000 after acquiring an additional 62,600 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in Inspired Entertainment by 10.3% in the fourth quarter. Foundry Partners LLC now owns 583,775 shares of the company's stock valued at $5,283,000 after acquiring an additional 54,395 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. B. Riley assumed coverage on shares of Inspired Entertainment in a research report on Tuesday, April 8th. They set a "buy" rating and a $13.00 price target on the stock. JMP Securities lowered 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 report on Friday, May 9th. Truist Financial lowered 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. Wall Street Zen lowered shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Piper Sandler lowered 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. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Inspired Entertainment presently has an average rating of "Buy" and an average price target of $14.00.

Inspired Entertainment Trading Up 0.3%

Shares of Inspired Entertainment stock traded up $0.03 on Tuesday, reaching $9.39. The stock had a trading volume of 104,063 shares, compared to its average volume of 127,521. Inspired Entertainment, Inc. has a 1 year low of $6.51 and a 1 year high of $11.61. The company has a market cap of $252.68 million, a P/E ratio of 3.73 and a beta of 1.63. The business's 50 day moving average is $8.22 and its two-hundred day moving average is $8.67.

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.