Los Angeles Capital Management LLC Sells 5,700 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Los Angeles Capital Management LLC lessened its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,608 shares of the company’s stock after selling 5,700 shares during the period. Los Angeles Capital Management LLC’s holdings in Inspired Entertainment were worth $441,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of INSE. Private Management Group Inc. lifted its stake in Inspired Entertainment by 35.5% in the 3rd quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after purchasing an additional 428,312 shares during the last quarter. Clarus Group Inc. bought a new stake in Inspired Entertainment in the third quarter valued at approximately $116,000. Bfsg LLC lifted its position in shares of Inspired Entertainment by 39.0% in the third quarter. Bfsg LLC now owns 13,725 shares of the company’s stock valued at $127,000 after buying an additional 3,850 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Inspired Entertainment by 11.4% during the 2nd quarter. Gabelli Funds LLC now owns 142,000 shares of the company’s stock worth $1,299,000 after acquiring an additional 14,500 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Inspired Entertainment by 104.0% during the 2nd quarter. Renaissance Technologies LLC now owns 71,600 shares of the company’s stock worth $655,000 after acquiring an additional 36,500 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INSE. Craig Hallum raised Inspired Entertainment to a “strong-buy” rating in a report on Thursday, October 17th. Macquarie reduced their target price on shares of Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 9th.

Inspired Entertainment Price Performance

Shares of NASDAQ INSE opened at $10.09 on Friday. The business has a fifty day moving average price of $9.48 and a two-hundred day moving average price of $9.08. The stock has a market capitalization of $268.19 million, a PE ratio of -1,007.99 and a beta of 1.40. Inspired Entertainment, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $11.00.

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.