Great West Life Assurance Co. Can decreased its stake in shares of Scientific Games Corp (NASDAQ:SGMS) by 21.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,985 shares of the technology company’s stock after selling 6,973 shares during the period. Great West Life Assurance Co. Can’s holdings in Scientific Games were worth $508,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Scientific Games by 8.1% during the second quarter. BlackRock Inc. now owns 6,876,116 shares of the technology company’s stock worth $136,284,000 after acquiring an additional 515,519 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Scientific Games by 3.2% during the second quarter. Vanguard Group Inc. now owns 5,265,728 shares of the technology company’s stock worth $104,368,000 after acquiring an additional 163,331 shares in the last quarter. Park West Asset Management LLC bought a new stake in shares of Scientific Games during the second quarter worth $29,973,000. Northern Trust Corp increased its position in shares of Scientific Games by 0.7% during the second quarter. Northern Trust Corp now owns 908,348 shares of the technology company’s stock worth $18,003,000 after acquiring an additional 6,718 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Scientific Games during the second quarter worth $17,576,000. 64.12% of the stock is owned by institutional investors.
In related news, Director Richard M. Haddrill sold 45,681 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $23.94, for a total transaction of $1,093,603.14. Following the transaction, the director now directly owns 225,957 shares of the company’s stock, valued at $5,409,410.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald O. Perelman purchased 50,000 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of $20.42 per share, for a total transaction of $1,021,000.00. Following the completion of the transaction, the director now owns 9,074 shares of the company’s stock, valued at approximately $185,291.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 350,000 shares of company stock worth $7,643,000. 40.60% of the stock is owned by insiders.
Several equities research analysts have recently issued reports on SGMS shares. ValuEngine downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. BidaskClub raised shares of Scientific Games from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.20.
Shares of SGMS opened at $26.18 on Thursday. Scientific Games Corp has a 12 month low of $14.79 and a 12 month high of $29.95. The firm has a fifty day simple moving average of $22.53 and a 200 day simple moving average of $20.55. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -48.48 and a beta of 2.24.
Scientific Games Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.
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