NumerixS Investment Technologies Inc cut its holdings in Scientific Games Corp (NASDAQ:SGMS) by 78.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,333 shares of the technology company’s stock after selling 23,666 shares during the period. NumerixS Investment Technologies Inc’s holdings in Scientific Games were worth $111,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SGMS. Oppenheimer Asset Management Inc. purchased a new position in shares of Scientific Games during the 4th quarter worth about $58,000. LS Investment Advisors LLC boosted its position in Scientific Games by 54.2% in the 4th quarter. LS Investment Advisors LLC now owns 6,010 shares of the technology company’s stock valued at $107,000 after buying an additional 2,112 shares during the period. Bank of Montreal Can boosted its position in Scientific Games by 195.5% in the 4th quarter. Bank of Montreal Can now owns 6,270 shares of the technology company’s stock valued at $111,000 after buying an additional 4,148 shares during the period. Tower Research Capital LLC TRC boosted its position in Scientific Games by 1,643.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,520 shares of the technology company’s stock valued at $166,000 after buying an additional 6,146 shares during the period. Finally, Van ECK Associates Corp boosted its position in Scientific Games by 17.8% in the 4th quarter. Van ECK Associates Corp now owns 7,252 shares of the technology company’s stock valued at $130,000 after buying an additional 1,094 shares during the period. Hedge funds and other institutional investors own 68.71% of the company’s stock.
In other Scientific Games news, Director Ronald O. Perelman purchased 100,000 shares of Scientific Games stock in a transaction dated Wednesday, December 26th. The stock was acquired at an average price of $17.11 per share, for a total transaction of $1,711,000.00. Following the acquisition, the director now owns 88,032 shares in the company, valued at approximately $1,506,227.52. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald O. Perelman purchased 200,000 shares of Scientific Games stock in a transaction dated Monday, December 24th. The stock was acquired at an average price of $16.20 per share, with a total value of $3,240,000.00. Following the acquisition, the director now owns 88,032 shares in the company, valued at approximately $1,426,118.40. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 900,000 shares of company stock valued at $14,921,000. Company insiders own 40.48% of the company’s stock.
Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Thursday, February 21st. The technology company reported $2.21 EPS for the quarter, beating the consensus estimate of $0.10 by $2.11. The business had revenue of $885.70 million during the quarter, compared to the consensus estimate of $871.92 million. During the same quarter in the prior year, the firm posted ($0.48) EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts expect that Scientific Games Corp will post 0.48 earnings per share for the current year.
Several equities research analysts have issued reports on SGMS shares. Jefferies Financial Group cut shares of Scientific Games from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research report on Friday, November 16th. BidaskClub raised shares of Scientific Games from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Deutsche Bank reissued a “hold” rating and issued a $26.00 price objective on shares of Scientific Games in a research report on Monday, December 17th. Zacks Investment Research cut shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. Finally, Susquehanna Bancshares started coverage on shares of Scientific Games in a research report on Friday, December 7th. They issued a “positive” rating and a $25.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.13.
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Scientific Games Company Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), 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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