Shares of Scientific Games Corp. (NASDAQ:SGMS) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.78.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Scientific Games Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Deutsche Bank AG reissued a “hold” rating and issued a $7.00 price target on shares of Scientific Games Corp. in a research note on Sunday, June 26th.
In other news, Director David L. Kennedy sold 100,000 shares of Scientific Games Corp. 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 transaction, the director now owns 121,765 shares in the company, valued at approximately $1,277,314.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 42.03% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. HBK Investments L P bought a new position in Scientific Games Corp. during the first quarter valued at approximately $1,275,000. BlackRock Group LTD raised its position in Scientific Games Corp. by 14.6% in the first quarter. BlackRock Group LTD now owns 89,645 shares of the company’s stock valued at $845,000 after buying an additional 11,404 shares in the last quarter. Bayesian Capital Management LP bought a new position in Scientific Games Corp. during the first quarter valued at approximately $203,000. A.R.T. Advisors LLC raised its position in Scientific Games Corp. by 273.3% in the first quarter. A.R.T. Advisors LLC now owns 352,530 shares of the company’s stock valued at $3,324,000 after buying an additional 258,100 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in Scientific Games Corp. during the first quarter valued at approximately $248,000. Institutional investors and hedge funds own 67.88% of the company’s stock.
Scientific Games Corp. (NASDAQ:SGMS) opened at 12.94 on Thursday. Scientific Games Corp. has a 12-month low of $4.56 and a 12-month high of $13.33. The company’s market capitalization is $1.13 billion. The stock has a 50 day moving average of $10.28 and a 200-day moving average of $9.72.
Scientific Games Corp. (NASDAQ:SGMS) last released its quarterly earnings results on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.22. The company earned $729.20 million during the quarter, compared to analyst estimates of $708.84 million. During the same period in the prior year, the business posted ($1.19) EPS. Equities analysts expect that Scientific Games Corp. will post ($3.25) earnings per share for the current year.
About Scientific Games Corp.
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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