Canada Pension Plan Investment Board trimmed its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 47.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,300 shares of the technology company’s stock after selling 128,500 shares during the period. Canada Pension Plan Investment Board owned about 0.16% of Scientific Games Corp worth $6,524,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. First Quadrant L P CA acquired a new stake in shares of Scientific Games Corp in the 3rd quarter worth approximately $139,000. Aperio Group LLC grew its holdings in shares of Scientific Games Corp by 6.9% in the 3rd quarter. Aperio Group LLC now owns 19,490 shares of the technology company’s stock worth $894,000 after acquiring an additional 1,261 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Scientific Games Corp by 42.2% in the 3rd quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock worth $181,000 after acquiring an additional 1,170 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Scientific Games Corp in the 2nd quarter worth approximately $17,104,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Scientific Games Corp in the 2nd quarter worth approximately $291,000. 62.72% of the stock is owned by institutional investors and hedge funds.
SGMS has been the topic of a number of research reports. Craig Hallum restated a “buy” rating and issued a $56.00 price target (up previously from $45.00) on shares of Scientific Games Corp in a report on Thursday, October 5th. Bank of America Corporation restated a “buy” rating and issued a $50.00 price target (up previously from $38.00) on shares of Scientific Games Corp in a report on Wednesday, September 20th. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, July 20th. Finally, Stifel Nicolaus upped their price target on Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $42.20.
Shares of Scientific Games Corp (SGMS) opened at $47.10 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of -4.07. Scientific Games Corp has a fifty-two week low of $13.55 and a fifty-two week high of $49.70.
Scientific Games Corp (NASDAQ:SGMS) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.13) EPS. equities research analysts anticipate that Scientific Games Corp will post -2.41 earnings per share for the current year.
In other Scientific Games Corp news, EVP James C. Kennedy sold 100,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $48.30, for a total transaction of $4,830,000.00. Following the sale, the executive vice president now owns 105,029 shares in the company, valued at approximately $5,072,900.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James C. Kennedy sold 30,384 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $48.35, for a total value of $1,469,066.40. Following the sale, the executive vice president now owns 105,029 shares in the company, valued at approximately $5,078,152.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 170,384 shares of company stock worth $8,229,466. 40.61% of the stock is owned by insiders.
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Scientific Games Corp Company Profile
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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