Scientific Games Corp. (SGMS) Shares Up 6.5%
Shares of Scientific Games Corp. (NASDAQ:SGMS) shot up 6.5% during mid-day trading on Monday . The stock traded as high as $9.74 and last traded at $9.71, with a volume of 364,229 shares trading hands. The stock had previously closed at $9.12.
Several research firms recently issued reports on SGMS. Deutsche Bank AG reissued a “hold” rating and issued a $7.00 price target on shares of Scientific Games Corp. in a research report on Sunday, June 26th. Sterne Agee CRT reissued a “buy” rating and issued a $13.50 price target (down previously from $15.50) on shares of Scientific Games Corp. in a research report on Friday, May 6th. Telsey Advisory Group reduced their price target on shares of Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Friday, May 6th. Zacks Investment Research downgraded shares of Scientific Games Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $6.00 price objective on shares of Scientific Games Corp. in a report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $11.29.
The firm’s market cap is $848.29 million. The company has a 50 day moving average price of $9.37 and a 200-day moving average price of $8.52.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.97) by $0.10. The business earned $682 million during the quarter, compared to analyst estimates of $693.88 million. During the same period last year, the business posted ($1.01) EPS. On average, equities analysts predict that Scientific Games Corp. will post ($3.35) earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of SGMS. Gabelli Funds LLC increased its position in Scientific Games Corp. by 5.3% in the fourth quarter. Gabelli Funds LLC now owns 345,000 shares of the company’s stock worth $3,095,000 after buying an additional 17,500 shares during the period. Teton Advisors Inc. boosted its stake in Scientific Games Corp. by 22.9% in the fourth quarter. Teton Advisors Inc. now owns 236,000 shares of the company’s stock worth $2,117,000 after buying an additional 44,000 shares in the last quarter. Morgan Stanley boosted its stake in Scientific Games Corp. by 32.6% in the fourth quarter. Morgan Stanley now owns 1,224,805 shares of the company’s stock worth $10,987,000 after buying an additional 300,998 shares in the last quarter. Finally, Russell Frank Co boosted its stake in Scientific Games Corp. by 33.1% in the fourth quarter. Russell Frank Co now owns 220,195 shares of the company’s stock worth $1,956,000 after buying an additional 54,706 shares in the last quarter.
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s 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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