Inspired Entertainment Inc (NASDAQ:INSE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in Inspired Entertainment Inc (NASDAQ:INSE) by 34.2% in the third quarter, Holdings Channel reports. The fund owned 29,155 shares of the company’s stock after selling 15,156 shares during the period. Russell Investments Group Ltd.’s holdings in Inspired Entertainment were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of INSE. Wells Fargo & Company MN acquired a new position in Inspired Entertainment during the 2nd quarter worth approximately $132,000. Hancock Whitney Corp purchased a new stake in shares of Inspired Entertainment in the 3rd quarter valued at approximately $163,000. Bank of New York Mellon Corp purchased a new stake in shares of Inspired Entertainment in the 2nd quarter valued at approximately $180,000. Northern Trust Corp raised its holdings in shares of Inspired Entertainment by 44.7% in the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock valued at $203,000 after purchasing an additional 7,447 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Inspired Entertainment in the 2nd quarter valued at $211,000. Institutional investors own 77.07% of the company’s stock.

INSE has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. ValuEngine cut Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

INSE opened at $6.68 on Wednesday. Inspired Entertainment Inc has a one year low of $3.86 and a one year high of $9.70. The company has a market cap of $152.42 million, a P/E ratio of -10.77 and a beta of 1.28. The business’s 50-day simple moving average is $7.31 and its 200-day simple moving average is $7.60.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Tuesday, November 12th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.12). The firm had revenue of $26.60 million during the quarter, compared to analyst estimates of $27.67 million. Analysts forecast that Inspired Entertainment Inc will post -1.45 EPS for the current year.

Inspired Entertainment Company Profile

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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Institutional Ownership by Quarter for Inspired Entertainment (NASDAQ:INSE)

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