Samjo Management LLC Reduces Holdings in Inspired Entertainment, Inc. (NASDAQ:INSE)

Samjo Management LLC lessened its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,422,960 shares of the company’s stock after selling 175,962 shares during the period. Inspired Entertainment comprises approximately 8.3% of Samjo Management LLC’s investment portfolio, making the stock its 4th biggest holding. Samjo Management LLC owned approximately 0.09% of Inspired Entertainment worth $21,928,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of Inspired Entertainment by 232.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock worth $262,000 after buying an additional 19,794 shares in the last quarter. State Street Corp grew its holdings in Inspired Entertainment by 0.7% during the 3rd quarter. State Street Corp now owns 405,625 shares of the company’s stock worth $3,760,000 after acquiring an additional 2,675 shares in the last quarter. Barclays PLC grew its holdings in Inspired Entertainment by 314.1% during the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock worth $291,000 after acquiring an additional 23,757 shares in the last quarter. Geode Capital Management LLC increased its position in Inspired Entertainment by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after purchasing an additional 4,233 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Inspired Entertainment by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock valued at $257,000 after purchasing an additional 1,174 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Trading Down 8.6 %

Shares of INSE opened at $7.09 on Friday. The firm has a market cap of $190.76 million, a PE ratio of -708.29 and a beta of 1.27. Inspired Entertainment, Inc. has a 12 month low of $6.70 and a 12 month high of $11.61. The stock has a fifty day moving average price of $9.66 and a 200-day moving average price of $9.50.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). The company had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $79.19 million. Inspired Entertainment had a negative net margin of 0.10% and a negative return on equity of 6.35%. As a group, research analysts forecast that Inspired Entertainment, Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on INSE shares. New Street Research set a $21.00 price objective on shares of Inspired Entertainment in a report on Friday, March 14th. Truist Financial set a $19.00 price target on Inspired Entertainment in a research report on Friday, March 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price objective on shares of Inspired Entertainment in a research report on Friday, March 14th.

Inspired Entertainment 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.