2,895,356 Shares in Brightstar Lottery $BRSL Purchased by Brown Advisory Inc.

Brown Advisory Inc. purchased a new position in shares of Brightstar Lottery (NYSE:BRSL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,895,356 shares of the company’s stock, valued at approximately $44,820,000.

A number of other hedge funds have also bought and sold shares of BRSL. Nomura Asset Management Co. Ltd. bought a new position in Brightstar Lottery during the fourth quarter worth about $31,000. Empowered Funds LLC bought a new position in Brightstar Lottery during the fourth quarter worth about $57,000. Quadrant Capital Group LLC bought a new position in Brightstar Lottery during the fourth quarter worth about $60,000. PNC Financial Services Group Inc. bought a new position in Brightstar Lottery during the fourth quarter worth about $93,000. Finally, Global Retirement Partners LLC bought a new position in Brightstar Lottery during the fourth quarter worth about $106,000. 44.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BRSL shares. Truist Financial lowered their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. Susquehanna cut their price objective on shares of Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research report on Thursday, May 14th. BNP Paribas Exane started coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group cut their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.92.

Brightstar Lottery Stock Performance

NYSE:BRSL opened at $11.57 on Tuesday. The firm has a market cap of $2.16 billion, a P/E ratio of 13.94 and a beta of 1.00. The firm’s 50 day moving average price is $11.99. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. Brightstar Lottery has a fifty-two week low of $10.42 and a fifty-two week high of $18.57.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $587.00 million for the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. Brightstar Lottery’s quarterly revenue was up .7% on a year-over-year basis. Research analysts predict that Brightstar Lottery will post 0.79 EPS for the current year.

Brightstar Lottery Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is currently 110.84%.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.