Scientific Games Corp (SGMS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Scientific Games Corp (NASDAQ:SGMS) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.50.

A number of equities research analysts have recently weighed in on SGMS shares. Craig Hallum restated a “buy” rating and set a $56.00 price target (up previously from $45.00) on shares of Scientific Games in a research note on Thursday, October 5th. Zacks Investment Research lowered Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday.

In related news, EVP James C. Kennedy sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $48.30, for a total value of $4,830,000.00. Following the sale, the executive vice president now owns 105,029 shares in the company, valued at $5,072,900.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard M. Haddrill sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $51.28, for a total value of $410,240.00. Following the completion of the sale, the director now owns 136,542 shares in the company, valued at approximately $7,001,873.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,384 shares of company stock worth $9,436,666. 40.61% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SGMS. Ameritas Investment Partners Inc. boosted its position in Scientific Games by 13.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock valued at $122,000 after buying an additional 556 shares during the last quarter. First Quadrant L P CA purchased a new stake in Scientific Games in the 3rd quarter worth approximately $139,000. LS Investment Advisors LLC boosted its position in Scientific Games by 42.2% in the 3rd quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,170 shares in the last quarter. Strs Ohio boosted its position in Scientific Games by 85.0% in 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 in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Scientific Games in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 63.90% of the company’s stock.

Shares of Scientific Games (SGMS) traded down $0.03 during trading on Tuesday, reaching $55.85. 590,400 shares of the company’s stock were exchanged, compared to its average volume of 1,294,257. The company has a market capitalization of $5,010.00, a P/E ratio of -15.96 and a beta of 2.65. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45. Scientific Games has a fifty-two week low of $15.86 and a fifty-two week high of $56.00.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The firm had revenue of $768.90 million during the quarter, compared to analyst estimates of $748.56 million. During the same quarter last year, the firm earned ($1.13) EPS. The business’s revenue was up 6.8% on a year-over-year basis. equities research analysts predict that Scientific Games will post -2.47 EPS for the current year.

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About Scientific Games

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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