Two Sigma Investments LP cut its position in Scientific Games Corp (NASDAQ:SGMS) by 28.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 720,458 shares of the technology company’s stock after selling 284,040 shares during the period. Two Sigma Investments LP owned approximately 0.80% of Scientific Games worth $36,959,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in SGMS. Aperio Group LLC increased its holdings in shares of Scientific Games by 6.9% in the third quarter. Aperio Group LLC now owns 19,490 shares of the technology company’s stock valued at $894,000 after purchasing an additional 1,261 shares during the period. Prudential Financial Inc. increased its holdings in shares of Scientific Games by 10.9% in the third quarter. Prudential Financial Inc. now owns 102,025 shares of the technology company’s stock valued at $4,678,000 after purchasing an additional 10,051 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Scientific Games by 4.1% in the third quarter. Principal Financial Group Inc. now owns 407,834 shares of the technology company’s stock valued at $18,699,000 after purchasing an additional 16,101 shares during the period. Swiss National Bank increased its holdings in shares of Scientific Games by 3.0% in the third quarter. Swiss National Bank now owns 89,100 shares of the technology company’s stock valued at $4,085,000 after purchasing an additional 2,600 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Scientific Games by 39.6% in the third quarter. BNP Paribas Arbitrage SA now owns 29,686 shares of the technology company’s stock valued at $1,361,000 after purchasing an additional 8,423 shares during the period. 65.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Scientific Games Corp (NASDAQ:SGMS) opened at $44.10 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.54 and a debt-to-equity ratio of -4.31. Scientific Games Corp has a 1-year low of $20.50 and a 1-year high of $56.45.
In other Scientific Games news, Director Peter A. Cohen sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $41.54, for a total value of $207,700.00. Following the sale, the director now directly owns 268,502 shares of the company’s stock, valued at $11,153,573.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter A. Cohen sold 20,049 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $40.80, for a total value of $817,999.20. Following the completion of the sale, the director now directly owns 268,502 shares in the company, valued at $10,954,881.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,049 shares of company stock worth $1,435,939. 40.61% of the stock is owned by corporate insiders.
SGMS has been the topic of a number of research reports. 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 report on Friday, March 2nd. Jefferies Group started coverage on Scientific Games in a report on Tuesday, February 20th. They set a “buy” rating and a $57.00 target price on the stock. BidaskClub lowered Scientific Games from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.00 target price on shares of Scientific Games in a report on Friday, February 2nd. Finally, Zacks Investment Research lowered Scientific Games from a “hold” rating to a “sell” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.67.
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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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