An issue of Scientific Games Corp. (NASDAQ:SGMS) debt rose 4% as a percentage of its face value during trading on Thursday. The debt issue has a 6.625% coupon and will mature on May 15, 2021. The debt is now trading at $83.00 and was trading at $77.06 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.
A number of equities research analysts have commented on SGMS shares. Zacks Investment Research upgraded Scientific Games Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $7.00 price objective on shares of Scientific Games Corp. in a report on Sunday, June 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $10.02.
Scientific Games Corp. (NASDAQ:SGMS) traded up 2.78% on Friday, reaching $12.18. The company had a trading volume of 1,020,505 shares. Scientific Games Corp. has a 12 month low of $4.56 and a 12 month high of $12.83. The stock’s market capitalization is $1.07 billion. The firm has a 50-day moving average of $10.16 and a 200-day moving average of $9.69.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings data on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.22. The business had revenue of $729.20 million for the quarter, compared to analyst estimates of $708.84 million. During the same quarter last year, the business earned ($1.19) EPS. On average, equities research analysts expect that Scientific Games Corp. will post ($3.25) earnings per share for the current fiscal year.
In other news, Director David L. Kennedy sold 100,000 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $10.49, for a total transaction of $1,049,000.00. Following the sale, the director now owns 121,765 shares in the company, valued at $1,277,314.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.03% of the company’s stock.
Several large investors have recently bought and sold shares of SGMS. Profund Advisors LLC boosted its stake in Scientific Games Corp. by 3.8% in the second quarter. Profund Advisors LLC now owns 11,830 shares of the company’s stock valued at $109,000 after buying an additional 432 shares during the period. Clinton Group Inc. acquired a new stake in Scientific Games Corp. during the second quarter valued at about $113,000. BNP Paribas Arbitrage SA boosted its stake in Scientific Games Corp. by 123.5% in the second quarter. BNP Paribas Arbitrage SA now owns 15,747 shares of the company’s stock valued at $145,000 after buying an additional 8,700 shares during the period. Highbridge Capital Management LLC acquired a new stake in Scientific Games Corp. during the second quarter valued at about $197,000. Finally, Bayesian Capital Management LP acquired a new stake in Scientific Games Corp. during the first quarter valued at about $203,000. Institutional investors and hedge funds own 67.88% of the company’s stock.
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. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s 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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