Separately, BidaskClub upgraded Scientific Games from a hold rating to a buy rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $26.17.
Shares of SGMS opened at $23.10 on Monday. The stock’s 50-day moving average is $19.28 and its two-hundred day moving average is $20.55. The stock has a market cap of $2.23 billion, a PE ratio of -42.78 and a beta of 2.19. Scientific Games has a 12 month low of $14.79 and a 12 month high of $29.95.
Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.11). The company had revenue of $845.00 million for the quarter, compared to analyst estimates of $859.67 million. Scientific Games had a negative return on equity of 0.52% and a negative net margin of 7.25%. As a group, analysts predict that Scientific Games will post -0.88 EPS for the current year.
In related news, Director Richard M. Haddrill sold 45,681 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $23.94, for a total value of $1,093,603.14. Following the transaction, the director now owns 225,957 shares in the company, valued at $5,409,410.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ronald O. Perelman purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of $22.41 per share, for a total transaction of $2,241,000.00. Following the purchase, the director now owns 9,074 shares of the company’s stock, valued at approximately $203,348.34. The disclosure for this purchase can be found here. Insiders own 40.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC grew its holdings in Scientific Games by 2.1% in the 1st quarter. Mason Street Advisors LLC now owns 29,433 shares of the technology company’s stock worth $601,000 after buying an additional 612 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Scientific Games by 1.8% in the second quarter. Arizona State Retirement System now owns 40,465 shares of the technology company’s stock worth $802,000 after acquiring an additional 721 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Scientific Games by 1.4% in the second quarter. Parametric Portfolio Associates LLC now owns 58,160 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 788 shares during the last quarter. Atria Investments LLC acquired a new position in shares of Scientific Games in the second quarter worth $554,000. Finally, Texas Permanent School Fund increased its stake in shares of Scientific Games by 4.4% in the first quarter. Texas Permanent School Fund now owns 37,581 shares of the technology company’s stock worth $767,000 after acquiring an additional 1,574 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.
Scientific Games Company 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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