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Given the large stake in the stock by institutions, International Game Technology’s stock price might be vulnerable to their trading decisions.
Institutional ownership in International Game Technology
52% of the business is held by the top 3 shareholders. If you want to know who really controls International Game Technology PLC (NYSE:IGT), then you’ll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 45% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Let’s take a closer look to see what the different types of shareholders can tell us about International Game Technology.
The company’s largest shareholder is New B&D Holding di Marco Drago e C. S.a.p.a, with ownership of 42%.
International Game Technology already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. However, institutions make bad investments sometimes, just like everyone does.
It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of International Game Technology, (NYSE:IGT Earnings and Revenue Growth). Of course, keep in mind that there are other factors to consider, too.
Institutional investors and their impact on International Game Technology
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
The company’s largest shareholder is New B&D Holding di Marco Drago e C. S.a.p.a, with ownership of 42%. For context, the second largest shareholder holds about 5.3% of the shares outstanding, followed by an ownership of 4.3% by the third-largest shareholder.
A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 52% stake.
Insider ownership in International Game Technology
Insider ownership is another important aspect to consider when studying a company’s share registry. In International Game Technology’s case, insiders own shares in the company worth US$48m. Most would see this as a real positive. However, it might be worth checking if those insiders have been selling.
The general public, mostly comprising of individual investors, have some degree of sway over International Game Technology with an 11% ownership. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.
Private companies also own a significant stake in International Game Technology, with a 42% ownership. It’s hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
Private company ownership in International Game Technology
In conclusion, International Game Technology’s share registry is worth studying in more detail. The company’s institutional ownership, insider ownership, and private company ownership all contribute to a complex web of interests that can impact the company’s stock price. As an investor, it’s essential to consider these factors when making investment decisions.
International Game Technology’s stock price performance
If you’re interested in learning more about International Game Technology’s stock price performance, check out our comprehensive analysis, including fair value estimates, risks, and warnings, dividends, insider transactions, and financial health.
