Scientific Games Corp (SGMS) Position Increased by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky raised its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 53.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,862 shares of the technology company’s stock after buying an additional 4,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Scientific Games were worth $327,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waratah Capital Advisors Ltd. purchased a new position in Scientific Games during the 3rd quarter valued at approximately $305,000. Cubist Systematic Strategies LLC grew its holdings in Scientific Games by 136.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,125 shares of the technology company’s stock valued at $1,579,000 after buying an additional 18,548 shares in the last quarter. Sei Investments Co. grew its holdings in Scientific Games by 29,822.9% during the 2nd quarter. Sei Investments Co. now owns 14,363 shares of the technology company’s stock valued at $706,000 after buying an additional 14,315 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Scientific Games by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 300,551 shares of the technology company’s stock valued at $14,773,000 after buying an additional 9,491 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Scientific Games during the 2nd quarter valued at approximately $364,000. Institutional investors and hedge funds own 66.21% of the company’s stock.
In related news, Director Barry F. Schwartz bought 5,000 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was 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 $2,645,655.52. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 40.48% of the stock is currently owned by insiders.
Scientific Games (NASDAQ:SGMS) last announced its earnings results on Thursday, November 8th. The technology company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.04. The company had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $828.92 million. Scientific Games’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.66) EPS. On average, research analysts predict that Scientific Games Corp will post -0.7 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. Susquehanna Bancshares began coverage on Scientific Games in a report on Friday. They set a “positive” rating and a $25.00 price target for the company. Jefferies Financial Group cut Scientific Games from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a report on Friday, November 16th. BidaskClub cut Scientific Games from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 13th. Deutsche Bank dropped their target price on Scientific Games to $26.00 and set a “hold” rating for the company in a report on Monday, November 12th. Finally, ValuEngine upgraded Scientific Games from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.67.
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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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