SCHEDULE 13G/A: Lazard Asset Management Discloses 5.74% Stake in International Game Technology PLC
Beneficial Ownership Report
Lazard Asset Management LLC has filed an amended Schedule 13G, reporting a 5.74% beneficial ownership stake in International Game Technology PLC as of March 31, 2025.
Summary
- Lazard Asset Management LLC reported beneficial ownership of 11,597,123 shares of International Game Technology PLC common stock.
- This ownership represents 5.74% of the total class of securities.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a change or update to a previously reported stake.
- Lazard Asset Management LLC holds sole voting power over 11,557,837 shares and sole dispositive power over all 11,597,123 beneficially owned shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of International Game Technology PLC.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The filing indicates a significant institutional investment, which can be seen as a vote of confidence, but it provides no operational or financial details about the company itself to assess performance.
Positives
- A significant institutional investor, Lazard Asset Management LLC, holds a substantial stake, which can be interpreted as a vote of confidence in International Game Technology PLC.
- The filing explicitly states that the securities are held in the ordinary course of business and not for control purposes, suggesting a long-term investment perspective rather than activist intent.
Future Outlook
NA
Industry Context
This document is a beneficial ownership filing by an investment adviser and does not provide specific industry context or trends related to the gaming industry or International Game Technology PLC's operations beyond the fact that it is a publicly traded company in that sector.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holding provides transparency and may influence investor sentiment regarding the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (reporting period end date for the ownership stake). |
| 05/15/2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
International Game Technology PLC, Lazard Asset Management LLC, Schedule 13G, Beneficial Ownership, Common Stock, Gaming Industry, Investment Adviser, SEC Filing
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