Traders Buy High Volume of Scientific Games Put Options (SGMS)

Scientific Games Corp (NASDAQ:SGMS) was the target of some unusual options trading activity on Thursday. Investors acquired 4,274 put options on the stock. This represents an increase of 1,696% compared to the average daily volume of 238 put options.

Scientific Games (SGMS) opened at $44.65 on Friday. Scientific Games has a 52 week low of $18.55 and a 52 week high of $56.45. The company has a current ratio of 1.83, a quick ratio of 1.45 and a debt-to-equity ratio of -4.07. The company has a market cap of $4,365.54, a price-to-earnings ratio of -12.76 and a beta of 2.51.

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

Several research analysts have recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and issued a $55.00 target price on shares of Scientific Games in a research note on Friday. BidaskClub downgraded shares of Scientific Games from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Investment Research downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.20.

In other news, Director Richard M. Haddrill sold 8,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 136,542 shares in the company, valued at $7,001,873.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Regan sold 17,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $46.88, for a total transaction of $796,960.00. The disclosure for this sale can be found here. Insiders sold 165,000 shares of company stock valued at $7,967,600 over the last 90 days. Insiders own 40.61% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. boosted its stake in Scientific Games by 13.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock valued at $122,000 after acquiring an additional 556 shares during the last quarter. IFP Advisors Inc bought a new position in Scientific Games during the 4th quarter valued at $138,000. First Quadrant L P CA bought a new position in Scientific Games during the 3rd quarter valued at $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Scientific Games by 152.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the technology company’s stock worth $156,000 after buying an additional 1,840 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of 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 buying an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 64.29% of the company’s stock.

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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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