Alambic Investment Management L.P. cut its holdings in SciPlay Corp (NASDAQ:SCPL) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,100 shares of the company’s stock after selling 2,100 shares during the quarter. Alambic Investment Management L.P.’s holdings in SciPlay were worth $153,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of SciPlay by 26.4% during the 4th quarter. Geode Capital Management LLC now owns 216,064 shares of the company’s stock valued at $2,655,000 after acquiring an additional 45,186 shares during the last quarter. Janus Henderson Group PLC increased its holdings in SciPlay by 33.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,523,811 shares of the company’s stock valued at $18,728,000 after purchasing an additional 379,183 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in SciPlay by 632.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 114,384 shares of the company’s stock valued at $1,406,000 after buying an additional 98,767 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in SciPlay during the fourth quarter worth about $255,000. Finally, Colony Group LLC acquired a new position in shares of SciPlay during the 4th quarter worth about $1,833,000. 16.64% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on SCPL. Stephens lifted their price objective on shares of SciPlay from $12.50 to $14.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 12th. Bank of America raised shares of SciPlay from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $9.00 to $11.30 in a research report on Wednesday, April 22nd. BidaskClub upgraded shares of SciPlay from a “hold” rating to a “buy” rating in a research report on Friday, May 15th. ValuEngine upgraded SciPlay from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Zacks Investment Research downgraded SciPlay from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $14.33.
SciPlay stock traded up $0.52 during mid-day trading on Friday, reaching $13.87. The company’s stock had a trading volume of 551,442 shares, compared to its average volume of 505,779. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.39 and a current ratio of 6.39. SciPlay Corp has a 12 month low of $5.82 and a 12 month high of $16.14. The business’s 50 day simple moving average is $10.75 and its 200 day simple moving average is $10.70. The company has a market capitalization of $1.69 billion and a price-to-earnings ratio of 11.41.
SciPlay (NASDAQ:SCPL) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $118.30 million during the quarter, compared to the consensus estimate of $120.53 million. SciPlay had a net margin of 4.96% and a return on equity of 10.14%. As a group, sell-side analysts expect that SciPlay Corp will post 0.87 EPS for the current year.
In related news, Director M. Mendel Pinson purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $9.02 per share, for a total transaction of $45,100.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $180,400. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.
SciPlay Company Profile
SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.
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