Scientific Games Corp (SGMS) Position Trimmed by Laurion Capital Management LP

Laurion Capital Management LP reduced its position in Scientific Games Corp (NASDAQ:SGMS) by 50.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,157 shares of the technology company’s stock after selling 49,949 shares during the period. Laurion Capital Management LP owned about 0.05% of Scientific Games worth $2,416,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its position in Scientific Games by 6.3% in the 2nd quarter. BlackRock Inc. now owns 6,072,629 shares of the technology company’s stock worth $298,469,000 after purchasing an additional 361,648 shares during the last quarter. Fine Capital Partners L.P. increased its position in Scientific Games by 53.2% in the 1st quarter. Fine Capital Partners L.P. now owns 3,724,612 shares of the technology company’s stock worth $154,944,000 after purchasing an additional 1,293,675 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Scientific Games by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 851,431 shares of the technology company’s stock worth $35,419,000 after purchasing an additional 6,523 shares during the last quarter. Northern Trust Corp increased its position in Scientific Games by 21.5% in the 1st quarter. Northern Trust Corp now owns 821,706 shares of the technology company’s stock worth $34,182,000 after purchasing an additional 145,318 shares during the last quarter. Finally, RWC Asset Management LLP increased its position in Scientific Games by 71.4% in the 2nd quarter. RWC Asset Management LLP now owns 600,000 shares of the technology company’s stock worth $29,490,000 after purchasing an additional 250,000 shares during the last quarter. 70.64% of the stock is currently owned by institutional investors.

In related news, Director Barry F. Schwartz purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was bought at an average price of $30.35 per share, for a total transaction of $151,750.00. Following the purchase, the director now owns 101,852 shares in the company, valued at approximately $3,091,208.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald O. Perelman bought 175,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average price of $31.73 per share, with a total value of $5,552,750.00. Following the purchase, the director now owns 88,032 shares in the company, valued at $2,793,255.36. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 190,000 shares of company stock valued at $6,036,900. 40.48% of the stock is currently owned by corporate insiders.

SGMS has been the topic of several research reports. BidaskClub lowered Scientific Games from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. ValuEngine lowered Scientific Games from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised Scientific Games from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Monday, July 16th. Stifel Nicolaus dropped their target price on Scientific Games from $57.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, August 3rd. Finally, Credit Suisse Group initiated coverage on Scientific Games in a research report on Tuesday, August 14th. They issued an “underperform” rating and a $31.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.29.

Shares of SGMS stock opened at $27.15 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of -3.90. Scientific Games Corp has a fifty-two week low of $25.30 and a fifty-two week high of $62.80. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -12.17 and a beta of 2.32.

Scientific Games (NASDAQ:SGMS) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $844.70 million for the quarter, compared to the consensus estimate of $853.64 million. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.44) EPS. equities research analysts expect that Scientific Games Corp will post -0.67 earnings per share for the current fiscal year.

About Scientific Games

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

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