Los Angeles Capital Management LLC Sells 8,500 Shares of Inspired Entertainment, Inc. (NASDAQ:INSE)

Los Angeles Capital Management LLC lowered its stake in shares of Inspired Entertainment, Inc. (NASDAQ:INSE) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,108 shares of the company’s stock after selling 8,500 shares during the period. Los Angeles Capital Management LLC owned 0.15% of Inspired Entertainment worth $354,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Inspired Entertainment during the fourth quarter worth $97,000. GSA Capital Partners LLP acquired a new position in shares of Inspired Entertainment during the 3rd quarter worth about $106,000. Clarus Group Inc. raised its holdings in shares of Inspired Entertainment by 12.0% in the 4th quarter. Clarus Group Inc. now owns 14,019 shares of the company’s stock valued at $127,000 after purchasing an additional 1,500 shares during the period. SkyView Investment Advisors LLC lifted its stake in 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 during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Inspired Entertainment by 232.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock valued at $262,000 after purchasing an additional 19,794 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and set a $14.00 price target on shares of Inspired Entertainment in a research report on Monday, January 27th.

Inspired Entertainment Price Performance

NASDAQ:INSE opened at $10.04 on Tuesday. The company has a market cap of $266.84 million, a P/E ratio of -1,003.00 and a beta of 1.40. The firm’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $9.50. Inspired Entertainment, Inc. has a one year low of $7.51 and a one year high of $11.61.

About Inspired Entertainment

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.