Scientific Games (NASDAQ:SGMS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday, BidAskClub reports.

Other research analysts also recently issued reports about the stock. Telsey Advisory Group reissued an “outperform” rating and set a $31.00 price objective (down from $36.00) on shares of Scientific Games in a research report on Wednesday, May 8th. Deutsche Bank downgraded shares of Ontex Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.

NASDAQ:SGMS traded down $0.55 during midday trading on Friday, hitting $17.92. 1,539,200 shares of the company were exchanged, compared to its average volume of 1,423,323. The stock has a fifty day moving average of $19.77. Scientific Games has a fifty-two week low of $14.79 and a fifty-two week high of $51.00. The firm has a market capitalization of $1.72 billion, a P/E ratio of -33.19, a PEG ratio of 60.85 and a beta of 2.27.

Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.19. Scientific Games had a negative net margin of 5.15% and a negative return on equity of 0.60%. The firm had revenue of $837.00 million for the quarter, compared to analyst estimates of $832.28 million. During the same period last year, the business earned ($2.24) EPS. Scientific Games’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts predict that Scientific Games will post 0.03 EPS for the current year.

In other news, Director Ronald O. Perelman bought 110,000 shares of the stock in a transaction dated Monday, June 17th. The shares were acquired at an average price of $19.73 per share, with a total value of $2,170,300.00. Following the completion of the acquisition, the director now directly owns 7,519 shares in the company, valued at $148,349.87. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald O. Perelman bought 120,000 shares of the stock in a transaction dated Wednesday, June 19th. The stock was purchased at an average cost of $20.29 per share, for a total transaction of $2,434,800.00. Following the acquisition, the director now owns 7,519 shares of the company’s stock, valued at $152,560.51. The disclosure for this purchase can be found here. Company insiders own 40.48% of the company’s stock.

Large investors have recently modified their holdings of the company. Mason Street Advisors LLC boosted its holdings in shares of Scientific Games by 2.1% in the first quarter. Mason Street Advisors LLC now owns 29,433 shares of the technology company’s stock valued at $601,000 after acquiring an additional 612 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Scientific Games by 707.0% in the first quarter. BNP Paribas Arbitrage SA now owns 11,718 shares of the technology company’s stock valued at $239,000 after acquiring an additional 10,266 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Scientific Games by 1.0% in the first quarter. Retirement Systems of Alabama now owns 72,050 shares of the technology company’s stock valued at $1,471,000 after acquiring an additional 714 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Scientific Games by 2.2% in the first quarter. Rhumbline Advisers now owns 169,874 shares of the technology company’s stock valued at $3,469,000 after acquiring an additional 3,699 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Scientific Games by 8.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,937 shares of the technology company’s stock valued at $249,000 after acquiring an additional 1,031 shares in the last quarter. 65.21% of the stock is currently owned by institutional investors and hedge funds.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, 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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Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

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