New York State Teachers Retirement System trimmed its stake in Scientific Games Corp (NASDAQ:SGMS) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 100,798 shares of the technology company’s stock after selling 1,100 shares during the quarter. New York State Teachers Retirement System’s holdings in Scientific Games were worth $1,802,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Bank of Montreal Can grew its position in Scientific Games by 195.5% during the fourth quarter. Bank of Montreal Can now owns 6,270 shares of the technology company’s stock valued at $111,000 after acquiring an additional 4,148 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Scientific Games by 1,643.3% during the third quarter. Tower Research Capital LLC TRC now owns 6,520 shares of the technology company’s stock valued at $166,000 after acquiring an additional 6,146 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Scientific Games during the third quarter valued at approximately $285,000. Waratah Capital Advisors Ltd. bought a new position in Scientific Games during the third quarter valued at approximately $305,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in Scientific Games by 53.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,862 shares of the technology company’s stock valued at $327,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors own 66.04% of the company’s stock.

In other Scientific Games news, Director Ronald O. Perelman purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 24th. The stock was bought at an average price of $16.20 per share, with a total value of $3,240,000.00. Following the completion of the purchase, the director now directly owns 88,032 shares of the company’s stock, valued at approximately $1,426,118.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald O. Perelman purchased 300,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was acquired at an average cost of $16.93 per share, with a total value of $5,079,000.00. Following the purchase, the director now directly owns 88,032 shares of the company’s stock, valued at $1,490,381.76. The disclosure for this purchase can be found here. In the last three months, insiders have bought 900,000 shares of company stock valued at $14,921,000. Insiders own 40.48% of the company’s stock.

A number of research analysts have commented on SGMS shares. Zacks Investment Research cut shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. Jefferies Financial Group lowered Scientific Games from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Friday, November 16th. Susquehanna Bancshares initiated coverage on Scientific Games in a research note on Friday, December 7th. They set a “positive” rating and a $25.00 price objective for the company. BidaskClub raised Scientific Games from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, Deutsche Bank reissued a “hold” rating and set a $26.00 price objective on shares of Scientific Games in a research note on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $40.67.

NASDAQ:SGMS opened at $24.45 on Tuesday. The company has a market cap of $2.25 billion, a PE ratio of -10.96, a P/E/G ratio of 5.02 and a beta of 2.24. Scientific Games Corp has a fifty-two week low of $14.79 and a fifty-two week high of $62.80.

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Scientific Games Company 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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