Russell Investments Group Ltd. Lowers Stock Position in Inspired Entertainment, Inc. (NASDAQ:INSE)

Russell Investments Group Ltd. trimmed its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE - Free Report) by 69.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,133 shares of the company's stock after selling 117,285 shares during the period. Russell Investments Group Ltd. owned approximately 0.19% of Inspired Entertainment worth $505,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INSE. SG Americas Securities LLC acquired a new stake in shares of Inspired Entertainment in the 4th quarter valued at approximately $158,000. Clear Harbor Asset Management LLC boosted its stake in shares of Inspired Entertainment by 4.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 34,125 shares of the company's stock valued at $337,000 after purchasing an additional 1,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Inspired Entertainment by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,642 shares of the company's stock valued at $500,000 after purchasing an additional 1,433 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Inspired Entertainment by 58.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 64,900 shares of the company's stock valued at $776,000 after purchasing an additional 24,000 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Inspired Entertainment by 1.1% in the 3rd quarter. Gabelli Funds LLC now owns 90,000 shares of the company's stock valued at $1,076,000 after purchasing an additional 1,000 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on INSE. B. Riley began coverage on shares of Inspired Entertainment in a research report on Friday, April 5th. They set a "buy" rating and a $21.00 target price on the stock. JMP Securities cut their target price on shares of Inspired Entertainment from $15.00 to $14.00 and set a "market outperform" rating on the stock in a research report on Monday, May 13th.

Inspired Entertainment Trading Down 0.3 %

NASDAQ:INSE traded down $0.03 during mid-day trading on Wednesday, hitting $8.72. 98,213 shares of the company's stock were exchanged, compared to its average volume of 120,416. Inspired Entertainment, Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $16.01. The company has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $9.06. The firm has a market capitalization of $231.69 million, a P/E ratio of 145.36 and a beta of 1.43.

Inspired Entertainment (NASDAQ:INSE - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter. Inspired Entertainment had a net margin of 0.56% and a negative return on equity of 9.10%. The firm had revenue of $97.50 million during the quarter. As a group, analysts expect that Inspired Entertainment, Inc. will post 0.59 earnings per share for the current year.

Inspired Entertainment Company 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.