BlackRock Inc. increased its stake in shares of Inspired Entertainment Inc (NASDAQ:INSE) by 525.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 515,300 shares of the company’s stock after purchasing an additional 432,956 shares during the period. BlackRock Inc. owned approximately 2.26% of Inspired Entertainment worth $4,349,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of INSE. AWM Investment Company Inc. boosted its position in Inspired Entertainment by 2.6% in the 2nd quarter. AWM Investment Company Inc. now owns 998,543 shares of the company’s stock valued at $8,428,000 after buying an additional 25,000 shares during the period. Teton Advisors Inc. raised its stake in Inspired Entertainment by 9.3% during the 2nd quarter. Teton Advisors Inc. now owns 340,314 shares of the company’s stock worth $2,872,000 after acquiring an additional 28,836 shares in the last quarter. Gabelli Funds LLC raised its stake in Inspired Entertainment by 3.7% during the 2nd quarter. Gabelli Funds LLC now owns 102,410 shares of the company’s stock worth $864,000 after acquiring an additional 3,700 shares in the last quarter. Renaissance Technologies LLC raised its stake in Inspired Entertainment by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 97,270 shares of the company’s stock worth $821,000 after acquiring an additional 13,170 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Inspired Entertainment during the 2nd quarter worth $211,000. 63.16% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on the stock. ValuEngine lowered shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Zacks Investment Research upgraded shares of Inspired Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th.
Shares of Inspired Entertainment stock opened at $7.35 on Friday. Inspired Entertainment Inc has a 52-week low of $3.86 and a 52-week high of $9.70. The company’s 50-day simple moving average is $7.27 and its 200-day simple moving average is $7.65.
Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.20). The firm had revenue of $26.70 million for the quarter, compared to analyst estimates of $30.11 million. Equities analysts anticipate that Inspired Entertainment Inc will post -1.36 earnings per share for the current fiscal year.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
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