Hood River Capital Management LLC decreased its position in shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Hood River Capital Management LLC reduced its position in Inspired Entertainment, Inc. (NASDAQ:INSE – Free Report) by 9.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,965 shares of the company’s stock after selling 19,443 shares during the quarter. Hood River Capital Management LLC’s holdings in Inspired Entertainment were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of INSE. Gabelli Funds LLC raised its position in shares of Inspired Entertainment by 3.8% in the fourth quarter. Gabelli Funds LLC now owns 93,400 shares of the company’s stock valued at $923,000 after purchasing an additional 3,400 shares during the last quarter. Platform Technology Partners purchased a new position in shares of Inspired Entertainment in the fourth quarter valued at $117,000. Cannell Capital LLC increased its position in shares of Inspired Entertainment by 11.0% in the fourth quarter. Cannell Capital LLC now owns 1,564,923 shares of the company’s stock valued at $15,461,000 after buying an additional 155,251 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Inspired Entertainment by 2.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock valued at $512,000 after purchasing an additional 1,275 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Inspired Entertainment by 102.1% in the first quarter. BNP Paribas Financial Markets now owns 35,108 shares of the company’s stock valued at $346,000 after purchasing an additional 17,733 shares during the last quarter. 77.38% of the shares are held by hedge funds and other institutional investors.

Entertainment inspired stock down 3.4%

Shares of Inspired Entertainment opened at $9.75 on Tuesday. Inspired Entertainment, Inc. it has a 52-week low of $6.12 and a 52-week high of $12.15. The company has a 50-day simple moving average of $8.79 and a 200-day simple moving average of $9.02. The stock has a market cap of $259.07 million, a price-to-earnings ratio of 162.50 and a beta of 1.40.

Inspired Entertainment (NASDAQ:INSE – Get Free Report ) last released its earnings results on Thursday, August 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). Inspired Entertainment had a negative return on equity of 6.47% and a negative net margin of 0.09%. The business had revenue of $75.60 million for the quarter, compared to analysts’ expectations of $74.30 million. In the same quarter last year, the company earned $0.14 per share. On average, research analysts anticipate that Inspired Entertainment, Inc. will post 0.55 earnings per share for the current year.

Analysts on Wall Street are forecasting an increase

Separately, Macquarie cut their price target on Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 9th.

Check out our latest research report on Inspired Entertainment

About Inspired Entertainment

(Free Report)

Inspired Entertainment, Inc, a gaming technology company, is engaged in providing content, platform and other products and services to regulated lottery, betting and gaming operators around the world. It operates in four segments: gaming, virtual sports, interactive and leisure. The Gaming segment provides gaming terminals and software for bookmakers, casinos, arcades and adult gaming centers; a portfolio of games through its digital terminals under the names Centurion and Super Hot Fruits; and traditional casino games such as roulette, blackjack and numbers games.

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