Samjo Management LLC Lowers Stock Holdings in Inspired Entertainment, Inc. $INSE

Key Points

• Samjo Management LLC reduced its stake in Inspired Entertainment, Inc. by 18.9%, owning approximately 1,965,610 shares valued at $16.79 million, which makes it the 3rd largest position in their portfolio.
• Inspired Entertainment reported a quarterly EPS loss of $0.19, missing analysts' consensus estimates, despite achieving revenue of $80.30 million, surpassing expectations of $75.23 million.
• Overall, 77.38% of Inspired Entertainment's stock is held by institutional investors and hedge funds, indicating significant institutional interest in the company.

Samjo Management LLC decreased its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,965,610 shares of the company's stock after selling 457,350 shares during the quarter. Inspired Entertainment comprises approximately 7.1% of Samjo Management LLC's investment portfolio, making the stock its 3rd largest holding. Samjo Management LLC owned about 7.31% of Inspired Entertainment worth $16,786,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Millennium Management LLC grew its position in shares of Inspired Entertainment by 8.9% during the 4th quarter. Millennium Management LLC now owns 15,713 shares of the company's stock worth $142,000 after buying an additional 1,287 shares during the period. OneDigital Investment Advisors LLC grew its position in Inspired Entertainment by 3.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 40,436 shares of the company's stock valued at $345,000 after purchasing an additional 1,378 shares during the period. Wells Fargo & Company MN grew its position 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 purchasing an additional 3,494 shares during the period. National Bank of Canada FI acquired a new stake in Inspired Entertainment in the 1st quarter valued at $31,000. Finally, XTX Topco Ltd grew its position 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 purchasing an additional 4,072 shares during the period. Institutional investors and hedge funds own 77.38% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INSE. JMP Securities reduced their price target on shares of Inspired Entertainment from $13.00 to $12.00 and set a "market outperform" rating for the company in a research report on Friday, May 9th. Wall Street Zen downgraded shares of Inspired Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Macquarie reissued a "neutral" rating and issued a $10.00 price target on shares of Inspired Entertainment in a research report on Thursday, August 7th. Finally, BWS Financial reissued a "buy" rating and issued a $20.00 price target on shares of Inspired Entertainment in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Inspired Entertainment currently has an average rating of "Buy" and an average target price of $14.00.

Inspired Entertainment Price Performance

Shares of NASDAQ INSE traded up $0.39 during mid-day trading on Thursday, reaching $9.53. 88,592 shares of the company's stock were exchanged, compared to its average volume of 149,769. The firm has a market capitalization of $256.56 million, a price-to-earnings ratio of 4.37 and a beta of 1.62. Inspired Entertainment, Inc. has a 52 week low of $6.51 and a 52 week high of $11.61. The firm has a 50-day moving average price of $8.66 and a two-hundred day moving average price of $8.54.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.17). The business had revenue of $80.30 million for the quarter, compared to the consensus estimate of $75.23 million. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. As a group, sell-side analysts forecast that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

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.