Scientific Games Corp (NASDAQ:SGMS) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.60.
Several analysts have issued reports on SGMS shares. Bank of America cut their price objective on Scientific Games from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, March 2nd. Zacks Investment Research cut Scientific Games from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. BidaskClub cut Scientific Games from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus restated a “hold” rating and set a $55.00 price objective on shares of Scientific Games in a research note on Friday, February 2nd. Finally, Jefferies Group assumed coverage on Scientific Games in a research note on Tuesday, February 20th. They set a “buy” rating and a $57.00 price objective on the stock.
Shares of Scientific Games (SGMS) opened at $45.55 on Wednesday. Scientific Games has a one year low of $20.50 and a one year high of $56.45. The stock has a market capitalization of $4,070.93, a P/E ratio of -16.75 and a beta of 2.47. The company has a current ratio of 2.54, a quick ratio of 2.21 and a debt-to-equity ratio of -4.31.
In other news, Director Richard M. Haddrill sold 8,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $51.28, for a total transaction of $410,240.00. Following the sale, the director now directly owns 136,542 shares in the company, valued at approximately $7,001,873.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter A. Cohen sold 20,049 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $40.80, for a total value of $817,999.20. Following the sale, the director now owns 268,502 shares in the company, valued at $10,954,881.60. The disclosure for this sale can be found here. Insiders have sold a total of 33,049 shares of company stock worth $1,435,939 over the last quarter. Insiders own 40.61% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of Scientific Games during the 4th quarter worth approximately $138,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Scientific Games by 152.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the technology company’s stock worth $156,000 after purchasing an additional 1,840 shares during the period. Strs Ohio raised its position in shares of Scientific Games by 85.0% during the 4th quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock worth $189,000 after purchasing an additional 1,700 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Scientific Games during the 3rd quarter worth approximately $201,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Scientific Games during the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 65.94% of the company’s stock.
Scientific Games 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. Its segments include Gaming, Lottery and Interactive. Its 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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