Gamco Investors INC. ET AL Has $2.48 Million Position in Inspired Entertainment, Inc. $INSE

Gamco Investors INC. ET AL lifted its holdings in Inspired Entertainment, Inc. (NASDAQ:INSE) by 1.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 289,900 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Gamco Investors INC. ET AL owned approximately 1.08% of Inspired Entertainment worth $2,476,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of INSE. Kanen Wealth Management LLC grew its stake in shares of 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 in the last quarter. Brown Advisory Inc. grew its stake in Inspired Entertainment by 173.6% during the first quarter. Brown Advisory Inc. now owns 470,798 shares of the company’s stock worth $4,021,000 after buying an additional 298,726 shares in the last quarter. Nuveen LLC acquired a new stake in Inspired Entertainment during the first quarter worth about $643,000. AMH Equity Ltd acquired a new stake in shares of Inspired Entertainment in the 1st quarter valued at approximately $632,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Inspired Entertainment by 193.2% in the 4th quarter. Renaissance Technologies LLC now owns 95,000 shares of the company’s stock valued at $860,000 after purchasing an additional 62,600 shares in the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INSE has been the topic of a number of research analyst reports. JMP Securities reduced 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 note on Friday, May 9th. Macquarie reiterated a “neutral” rating and set a $10.00 target price on shares of Inspired Entertainment in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Finally, BWS Financial reiterated a “buy” rating and set a $20.00 target price 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $14.00.

Inspired Entertainment Price Performance

NASDAQ:INSE opened at $9.73 on Friday. The firm’s 50 day simple moving average is $8.70 and its 200 day simple moving average is $8.54. Inspired Entertainment, Inc. has a one year low of $6.51 and a one year high of $11.61. The company has a market cap of $261.93 million, a PE ratio of 4.46 and a beta of 1.62.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.17). The firm had revenue of $80.30 million during the quarter, compared to analyst estimates of $75.23 million. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. Equities research analysts expect that Inspired Entertainment, Inc. will post 0.3 EPS 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.