Hsbc Holdings PLC Invests $1.32 Million in Brightstar Lottery $BRSL

Hsbc Holdings PLC acquired a new position in shares of Brightstar Lottery (NYSE:BRSL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 84,960 shares of the company’s stock, valued at approximately $1,318,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. bought a new stake in Brightstar Lottery in the 4th quarter valued at approximately $31,000. NewEdge Advisors LLC acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $32,000. Empowered Funds LLC acquired a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $57,000. Quadrant Capital Group LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter worth $60,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Brightstar Lottery in the fourth quarter worth $74,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

Brightstar Lottery Stock Up 3.8%

BRSL opened at $11.13 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. Brightstar Lottery has a 12-month low of $10.42 and a 12-month high of $18.57. The company has a 50 day simple moving average of $11.62. The firm has a market capitalization of $2.08 billion, a PE ratio of 13.40 and a beta of 1.00.

Brightstar Lottery (NYSE:BRSL) last posted 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). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The business had revenue of $587.00 million for the quarter. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts expect that Brightstar Lottery will post 0.48 earnings per share for the current year.

Brightstar Lottery Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 8.3%. Brightstar Lottery’s dividend payout ratio is presently 110.84%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BRSL shares. Susquehanna decreased their target price 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 began coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target on the stock. Argus downgraded shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Research cut Brightstar Lottery from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Brightstar Lottery in a research report on Wednesday. They issued a “buy” rating and a $15.00 target price on the stock. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.93.

Brightstar Lottery Profile

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.