Emerald Acquisition Ltd. Takes Position in Scientific Games Corp. (SGMS)
Emerald Acquisition Ltd. acquired a new position in shares of Scientific Games Corp. (NASDAQ:SGMS) during the second quarter, Holdings Channel reports. The fund acquired 141,729 shares of the company’s stock, valued at approximately $1,303,000. Emerald Acquisition Ltd. owned about 0.16% of Scientific Games Corp. as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in Scientific Games Corp. during the second quarter worth about $1,069,000. Swiss National Bank boosted its stake in Scientific Games Corp. by 2.5% in the second quarter. Swiss National Bank now owns 86,500 shares of the company’s stock worth $795,000 after buying an additional 2,100 shares during the last quarter. California State Teachers Retirement System boosted its stake in Scientific Games Corp. by 2.4% in the second quarter. California State Teachers Retirement System now owns 108,908 shares of the company’s stock worth $1,001,000 after buying an additional 2,564 shares during the last quarter. Strs Ohio purchased a new stake in Scientific Games Corp. during the second quarter worth about $204,000. Finally, Louisiana State Employees Retirement System boosted its stake in Scientific Games Corp. by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the company’s stock worth $206,000 after buying an additional 200 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.
Scientific Games Corp. (NASDAQ:SGMS) traded down 2.010% during trading on Thursday, hitting $11.945. The stock had a trading volume of 206,307 shares. Scientific Games Corp. has a 12-month low of $4.56 and a 12-month high of $12.83. The company’s market capitalization is $1.05 billion. The stock has a 50 day moving average price of $9.98 and a 200 day moving average price of $9.66.
Scientific Games Corp. (NASDAQ:SGMS) last released its earnings results on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.22. The firm had revenue of $729.20 million for the quarter, compared to the consensus estimate of $708.84 million. During the same quarter last year, the company posted ($1.19) EPS. Equities research analysts forecast that Scientific Games Corp. will post ($3.24) earnings per share for the current year.
A number of research firms recently issued reports on SGMS. Zacks Investment Research raised Scientific Games Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $7.00 price target on shares of Scientific Games Corp. in a research report on Sunday, June 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.02.
In other news, Director David L. Kennedy sold 100,000 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $10.49, for a total transaction of $1,049,000.00. Following the completion of the transaction, the director now directly owns 121,765 shares in the company, valued at approximately $1,277,314.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 42.03% of the company’s stock.
Scientific Games Corp. Company Profile
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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