Scientific Games Corp (NASDAQ:SGMS) shares traded down 5.6% during trading on Monday . The stock traded as low as $17.91 and last traded at $17.65. 103,342 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 2,158,414 shares. The stock had previously closed at $18.69.

SGMS has been the topic of several recent analyst reports. Jefferies Financial Group cut shares of Scientific Games from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a report on Friday. BidaskClub cut shares of Scientific Games from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 13th. Deutsche Bank cut their price target on shares of Scientific Games to $26.00 and set a “hold” rating on the stock in a report on Monday, November 12th. ValuEngine upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. Finally, SunTrust Banks initiated coverage on shares of Scientific Games in a report on Monday, October 1st. They issued a “buy” rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Scientific Games currently has a consensus rating of “Hold” and an average target price of $42.63.

The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -7.70 and a beta of 2.21.

Scientific Games (NASDAQ:SGMS) last announced its earnings results on Thursday, November 8th. The technology company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.04. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $828.92 million. During the same quarter last year, the firm posted ($0.66) EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that Scientific Games Corp will post -0.7 earnings per share for the current year.

In other Scientific Games news, Director Barry F. Schwartz bought 5,000 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were purchased at an average price of $24.76 per share, for a total transaction of $123,800.00. Following the acquisition, the director now owns 106,852 shares in the company, valued at approximately $2,645,655.52. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 40.48% of the company’s stock.

Several hedge funds have recently made changes to their positions in SGMS. FMR LLC boosted its stake in Scientific Games by 34.8% in the 3rd quarter. FMR LLC now owns 2,451,221 shares of the technology company’s stock worth $62,262,000 after purchasing an additional 632,380 shares in the last quarter. Deutsche Bank AG boosted its stake in Scientific Games by 172.9% in the 3rd quarter. Deutsche Bank AG now owns 825,459 shares of the technology company’s stock worth $20,966,000 after purchasing an additional 522,968 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in Scientific Games by 25.0% in the 2nd quarter. Whale Rock Capital Management LLC now owns 2,610,625 shares of the technology company’s stock worth $128,312,000 after purchasing an additional 522,724 shares in the last quarter. BlackRock Inc. boosted its stake 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 in the last quarter. Finally, RWC Asset Management LLP boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 65.21% of the company’s stock.

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Scientific Games Company Profile (NASDAQ:SGMS)

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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