Scientific Games Corp. (SGMS) Stake Lowered by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System reduced its position in Scientific Games Corp. (NASDAQ:SGMS) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,924 shares of the company’s stock after selling 139 shares during the period. State Board of Administration of Florida Retirement System owned 0.06% of Scientific Games Corp. worth $477,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Bridger Management LLC purchased a new stake in Scientific Games Corp. during the first quarter valued at $15,391,000. Spark Investment Management LLC raised its stake in Scientific Games Corp. by 538.5% in the first quarter. Spark Investment Management LLC now owns 588,100 shares of the company’s stock valued at $5,545,000 after buying an additional 496,000 shares in the last quarter. Bogle Investment Management L P DE purchased a new stake in Scientific Games Corp. during the first quarter valued at $3,590,000. Jacobs Levy Equity Management Inc. purchased a new stake in Scientific Games Corp. during the first quarter valued at $2,577,000. Finally, A.R.T. Advisors LLC raised its stake in Scientific Games Corp. by 273.3% in the first quarter. A.R.T. Advisors LLC now owns 352,530 shares of the company’s stock valued at $3,324,000 after buying an additional 258,100 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.
Scientific Games Corp. (NASDAQ:SGMS) traded up 2.78% on Friday, hitting $12.18. The stock had a trading volume of 1,020,505 shares. Scientific Games Corp. has a 52-week low of $4.56 and a 52-week high of $12.83. The firm’s market cap is $1.07 billion. The company has a 50-day moving average price of $10.16 and a 200 day moving average price of $9.69.
Scientific Games Corp. (NASDAQ:SGMS) last released its quarterly earnings data on Friday, August 5th. The company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.22. The firm had revenue of $729.20 million for the quarter, compared to analysts’ expectations of $708.84 million. During the same quarter in the previous year, the business earned ($1.19) earnings per share. Equities analysts forecast that Scientific Games Corp. will post ($3.25) earnings per share for the current fiscal year.
Several equities research analysts have commented on SGMS shares. Zacks Investment Research downgraded Scientific Games Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Deutsche Bank AG reissued a “hold” rating and issued a $7.00 target price on shares of Scientific Games Corp. in a report on Sunday, June 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.02.
In other Scientific Games Corp. news, Director David L. Kennedy sold 100,000 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $10.49, for a total transaction of $1,049,000.00. Following 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 Securities & Exchange Commission, which is available at the SEC website. Company 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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