Scientific Games Corp (NASDAQ:SGMS) Shares Sold by Comerica Bank

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Comerica Bank trimmed its holdings in Scientific Games Corp (NASDAQ:SGMS) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,998 shares of the technology company’s stock after selling 452 shares during the period. Comerica Bank’s holdings in Scientific Games were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Scientific Games by 54.6% in the third quarter. California Public Employees Retirement System now owns 115,420 shares of the technology company’s stock valued at $2,349,000 after buying an additional 40,750 shares during the last quarter. Dupont Capital Management Corp increased its position in Scientific Games by 47.0% during the third quarter. Dupont Capital Management Corp now owns 10,141 shares of the technology company’s stock worth $206,000 after purchasing an additional 3,241 shares during the last quarter. Coe Capital Management LLC increased its position in Scientific Games by 68.5% during the third quarter. Coe Capital Management LLC now owns 46,508 shares of the technology company’s stock worth $946,000 after purchasing an additional 18,900 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Scientific Games during the third quarter worth about $739,000. Finally, Atwater Malick LLC acquired a new stake in Scientific Games during the third quarter worth about $31,000. Institutional investors and hedge funds own 63.47% of the company’s stock.

Scientific Games stock opened at $28.20 on Friday. Scientific Games Corp has a 12-month low of $14.79 and a 12-month high of $31.63. The stock has a market cap of $2.79 billion, a P/E ratio of -52.22 and a beta of 2.24. The company has a 50-day moving average price of $24.79 and a 200 day moving average price of $21.07.

Scientific Games (NASDAQ:SGMS) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.13. Scientific Games had a net margin of 3.50% and a negative return on equity of 1.07%. The firm had revenue of $855.00 million during the quarter, compared to analysts’ expectations of $851.61 million. During the same period last year, the business earned ($0.14) earnings per share. Scientific Games’s revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Scientific Games Corp will post -0.75 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on SGMS shares. ValuEngine upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BidaskClub cut shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Susquehanna Bancshares cut shares of Scientific Games from a “positive” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, TheStreet upgraded shares of Scientific Games from a “d+” rating to a “c-” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Scientific Games has a consensus rating of “Hold” and a consensus price target of $24.20.

In other Scientific Games news, Director Richard M. Haddrill sold 45,681 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $23.94, for a total transaction of $1,093,603.14. Following the completion of the transaction, the director now owns 225,957 shares of the company’s stock, valued at $5,409,410.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald O. Perelman bought 100,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $22.41 per share, with a total value of $2,241,000.00. Following the purchase, the director now owns 9,074 shares of the company’s stock, valued at $203,348.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 350,000 shares of company stock valued at $7,643,000. 40.60% of the stock is owned by company insiders.

About Scientific Games

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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Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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