Engineers Gate Manager LP Has $2.97 Million Holdings in Scientific Games Corp (SGMS)
Engineers Gate Manager LP lowered its position in Scientific Games Corp (NASDAQ:SGMS) by 14.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,660 shares of the technology company’s stock after selling 11,093 shares during the quarter. Engineers Gate Manager LP owned about 0.07% of Scientific Games worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Sylebra HK Co Ltd boosted its holdings in shares of Scientific Games by 0.4% in the second quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock valued at $224,957,000 after acquiring an additional 36,275 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Scientific Games by 1.4% in the second quarter. BlackRock Inc. now owns 6,204,986 shares of the technology company’s stock valued at $161,950,000 after acquiring an additional 84,128 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Scientific Games by 152.3% in the second quarter. Renaissance Technologies LLC now owns 1,538,848 shares of the technology company’s stock valued at $40,164,000 after acquiring an additional 928,800 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Scientific Games in the second quarter valued at approximately $36,929,000. Finally, State Street Corp boosted its holdings in Scientific Games by 5.4% during the second quarter. State Street Corp now owns 1,279,638 shares of the technology company’s stock worth $33,399,000 after buying an additional 65,816 shares in the last quarter. Institutional investors own 63.97% of the company’s stock.
A number of brokerages recently weighed in on SGMS. Craig Hallum restated a “buy” rating and set a $56.00 target price (up from $45.00) on shares of Scientific Games in a report on Thursday, October 5th. Bank of America reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $38.00) on shares of Scientific Games in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus raised their price objective on shares of Scientific Games from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 18th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $42.20.
In related news, Director Michael J. Regan sold 17,000 shares of Scientific Games stock in a transaction on Monday, November 13th. The shares were sold at an average price of $46.88, for a total value of $796,960.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James C. Kennedy sold 100,000 shares of Scientific Games stock in a transaction on Monday, November 6th. The stock was sold at an average price of $48.30, for a total transaction of $4,830,000.00. Following the completion of the transaction, the executive vice president now owns 105,029 shares in the company, valued at approximately $5,072,900.70. The disclosure for this sale can be found here. Insiders have sold a total of 187,384 shares of company stock worth $9,026,426 in the last 90 days. 40.61% of the stock is owned by insiders.
Shares of Scientific Games Corp (SGMS) opened at $52.80 on Thursday. Scientific Games Corp has a 12-month low of $13.65 and a 12-month high of $54.95. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45.
Scientific Games (NASDAQ:SGMS) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.22). The firm had revenue of $768.90 million for the quarter, compared to analyst estimates of $748.56 million. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.13) EPS. equities research analysts expect that Scientific Games Corp will post -2.47 EPS for the current fiscal year.
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Scientific Games Profile
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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