Vanguard Group Inc. cut its position in Scientific Games Corp (NASDAQ:SGMS) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,893,662 shares of the technology company’s stock after selling 35,093 shares during the period. Vanguard Group Inc. owned approximately 5.34% of Scientific Games worth $124,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SGMS. Cerebellum GP LLC raised its holdings in Scientific Games by 125.9% in the third quarter. Cerebellum GP LLC now owns 5,565 shares of the technology company’s stock worth $141,000 after buying an additional 3,101 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Scientific Games by 1,643.3% in the third quarter. Tower Research Capital LLC TRC now owns 6,520 shares of the technology company’s stock worth $166,000 after buying an additional 6,146 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Scientific Games in the third quarter worth about $285,000. Waratah Capital Advisors Ltd. purchased a new position in Scientific Games in the third quarter worth about $305,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Scientific Games by 53.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,862 shares of the technology company’s stock worth $327,000 after buying an additional 4,500 shares during the last quarter. 66.18% of the stock is owned by institutional investors and hedge funds.

SGMS opened at $24.49 on Monday. Scientific Games Corp has a twelve month low of $14.79 and a twelve month high of $62.80. The company has a market cap of $2.25 billion, a PE ratio of -10.98, a P/E/G ratio of 5.02 and a beta of 2.05.

Scientific Games (NASDAQ:SGMS) last released its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. The company had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $828.92 million. During the same period in the previous year, the firm earned ($0.66) earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts anticipate that Scientific Games Corp will post -0.7 EPS for the current fiscal year.

Several research analysts have issued reports on SGMS shares. Zacks Investment Research raised shares of Scientific Games from a “sell” rating to a “hold” rating in a report on Monday, January 21st. SunTrust Banks started coverage on shares of Scientific Games in a report on Monday, October 1st. They issued a “buy” rating and a $36.00 target price for the company. Deutsche Bank decreased their target price on shares of Scientific Games to $26.00 and set a “hold” rating for the company in a report on Monday, November 12th. Jefferies Financial Group cut shares of 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. Finally, BidaskClub raised shares of Scientific Games from a “strong sell” rating to a “sell” rating in a report on Saturday, January 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.67.

In other Scientific Games news, Director Ronald O. Perelman bought 200,000 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The stock was bought at an average cost of $16.20 per share, for a total transaction of $3,240,000.00. Following the completion of the transaction, the director now owns 88,032 shares of the company’s stock, valued at approximately $1,426,118.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald O. Perelman bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were acquired at an average price of $17.65 per share, with a total value of $1,765,000.00. Following the completion of the transaction, the director now directly owns 88,032 shares of the company’s stock, valued at approximately $1,553,764.80. The disclosure for this purchase can be found here. Insiders have bought 900,000 shares of company stock valued at $14,921,000 over the last three months. 40.48% of the stock is owned by corporate insiders.

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Scientific Games Profile

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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Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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