Bank of America Corp DE boosted its stake in shares of Brightstar Lottery (NYSE:BRSL - Free Report) by 17.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,031,022 shares of the company's stock after acquiring an additional 151,839 shares during the period. Bank of America Corp DE owned 0.55% of Brightstar Lottery worth $13,135,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of BRSL. Lazard Asset Management LLC bought a new stake in Brightstar Lottery in the fourth quarter worth $147,133,000. Brown Advisory Inc. purchased a new position in shares of Brightstar Lottery in the 4th quarter worth $44,820,000. State Street Corp bought a new stake in shares of Brightstar Lottery in the 4th quarter worth about $29,860,000. Royce & Associates LP bought a new stake in shares of Brightstar Lottery in the 4th quarter worth about $24,887,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Brightstar Lottery during the 4th quarter valued at about $19,684,000. 44.33% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
BRSL has been the subject of several analyst reports. Zacks Research raised shares of Brightstar Lottery from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Truist Financial decreased their target price on Brightstar Lottery from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Monday, July 20th. BNP Paribas Exane initiated coverage on Brightstar Lottery in a research report on Thursday, May 14th. They set a "neutral" rating and a $12.60 price target for the company. Argus downgraded Brightstar Lottery from a "buy" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.10.
Get Our Latest Report on Brightstar Lottery
Brightstar Lottery Trading Up 4.7%
BRSL opened at $12.13 on Friday. The business has a fifty day moving average price of $10.99 and a 200 day moving average price of $12.03. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 9.33 and a beta of 1.03. Brightstar Lottery has a 12 month low of $9.90 and a 12 month high of $18.57. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.10 and a quick ratio of 1.00.
Brightstar Lottery (NYSE:BRSL - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. The firm had revenue of $584.00 million for the quarter. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%. Sell-side analysts expect that Brightstar Lottery will post 0.35 earnings per share for the current fiscal year.
Brightstar Lottery Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.92 annualized dividend and a dividend yield of 7.6%. Brightstar Lottery's dividend payout ratio (DPR) is currently 70.77%.
About Brightstar Lottery
(
Free Report)
International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.
Featured Articles
Want to see what other hedge funds are holding BRSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brightstar Lottery (NYSE:BRSL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Brightstar Lottery, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brightstar Lottery wasn't on the list.
While Brightstar Lottery currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
