Inspired Entertainment, Inc. $INSE Shares Acquired by AMH Equity Ltd

AMH Equity Ltd grew its position in Inspired Entertainment, Inc. (NASDAQ:INSE) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the company’s stock after purchasing an additional 6,000 shares during the period. AMH Equity Ltd owned approximately 0.30% of Inspired Entertainment worth $654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Simon Quick Advisors LLC lifted its stake in shares of Inspired Entertainment by 4.6% in the 2nd quarter. Simon Quick Advisors LLC now owns 26,269 shares of the company’s stock valued at $215,000 after purchasing an additional 1,152 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Inspired Entertainment by 3.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 40,436 shares of the company’s stock valued at $345,000 after buying an additional 1,378 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Inspired Entertainment by 28.7% during the 1st quarter. MetLife Investment Management LLC now owns 12,341 shares of the company’s stock valued at $105,000 after buying an additional 2,751 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Inspired Entertainment by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 289,900 shares of the company’s stock valued at $2,476,000 after buying an additional 3,000 shares during the period. Finally, National Bank of Canada FI purchased a new stake in shares of Inspired Entertainment during the 1st quarter valued at about $31,000. 77.38% of the stock is owned by institutional investors and hedge funds.

Inspired Entertainment Trading Down 3.8%

INSE stock opened at $7.39 on Friday. The firm has a market cap of $198.95 million, a P/E ratio of 3.39 and a beta of 1.58. Inspired Entertainment, Inc. has a 12-month low of $6.51 and a 12-month high of $11.61. The stock’s 50 day simple moving average is $8.86 and its 200 day simple moving average is $8.43.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Tuesday, November 29th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $77.60 million for the quarter. Inspired Entertainment had a negative return on equity of 281.67% and a net margin of 21.05%. On average, research analysts forecast that Inspired Entertainment, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

INSE has been the topic of several analyst reports. Weiss Ratings downgraded Inspired Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Wall Street Zen downgraded Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Macquarie reiterated a “neutral” rating and set a $10.00 target price on shares of Inspired Entertainment in a report on Thursday, August 7th. BWS Financial reiterated a “buy” rating and set a $20.00 target price on shares of Inspired Entertainment in a report on Monday, August 11th. Finally, Zacks Research upgraded Inspired Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.