Institutional investors hold 45% of International Game Technology PLC (NYSE:IGT) shares.

Key Insights

• With high institutional ownership, International Game Technology’s share price may be affected by their trading decisions.
• 52% of the business is owned by the top three shareholders
• Analyst forecasts and ownership data help give you a strong idea of ​​the business’s prospects.

If you want to know who really controls International Game Technology PLC (NYSE:IGT), then you’ll have to look at the makeup of the company’s shareholder registry. The group with the largest ownership of the company’s shares (about 45% to be exact) are institutional investors. In other words, this group stands to gain (or lose) the most from investing in the company.

Institutional investors tend to wield considerable influence, especially among retail investors, due to the vast amounts of capital and research capabilities they have at their disposal, so having a large amount of institutional capital invested in a company is often seen as a desirable characteristic.

Let’s take a closer look to see what the different types of shareholders can tell us about International Game Technology.

Check out the latest analysis on International Gaming Technology

What does institutional ownership say about international Gaming Tech?

Many institutions measure their performance against an index that approximates the local market, so they usually pay particular attention to companies that are included in major indexes.

There are already institutional investors on International Game Technology’s share registry. In fact, institutions hold a fair amount of shares in the company, suggesting that there is some credibility among professional investors. But you can’t rely on this fact alone, as, like everyone, institutions make bad investments sometimes. It’s not uncommon to see a big share price drop when two large institutional investors try to sell out of a stock at the same time. It’s therefore worth checking the past earnings trajectory of International Game Technology (below). Of course, remember that there are other factors to consider, too.

It should be noted that hedge funds don’t have much investment in International Game Technology. The company’s largest shareholder is New B&D Holding di Marco Drago e CSapa, owning 42%. For context, the second largest shareholder holds about 5.3% of the shares outstanding, and the third largest shareholder owns 4.3%.

A closer look at the shareholder registry reveals that the top three shareholders hold 52% of the shares, giving them significant ownership in the company.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiment to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing their forecasts as well.

Insider Ownership of International Gaming Technology

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. While a company’s management runs the business, the CEO is accountable to the board, even if he or she is a board member.

I generally consider insider ownership to be a good thing, but in some cases it can make it difficult for other shareholders to hold the board to account for decisions.

Shareholders will probably be interested to know that insiders own shares in International Game Technology PLC. Insiders hold a significant stake worth US$48m. Most would see this as a strong positive, and most would say it shows alignment of interests between shareholders and the board. Still, it might be worth checking if insiders have been selling.

General public property

The general public (mostly retail investors) have some influence over International Game Technology, with an ownership stake of 11%. While this group doesn’t necessarily have decision-making power, they can certainly have a substantial influence over how the company is run.

Private Ownership

It appears that 42% of International Game Technology shares are privately owned. It’s hard to draw any conclusions from this fact alone, so it’s worth looking into who owns these private companies. It’s also possible that insiders or other parties have an interest in public companies via separate private companies.

Next steps:

It’s very interesting to look at who owns a company, but to gain real insight, you need to take other information into account. For example, here’s what we’ve discovered: 2 warning signs for International Game Tech There’s one thing you should know, and one of them makes us a little uneasy.

If you’re like me, you might want to think about whether the company is likely to grow or shrink, and luckily you can check this free report showing analyst forecasts for the company in the future.

Note: The figures in this article are calculated using data from the last 12 months, which refers to the 12-month period ending on the last day of the month in which the financial statements are dated, which may not match the figures in the annual report.

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This article by Simply Wall St is general in nature. We use only unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives, or your financial situation. We seek to provide long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.

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