Gargoyle Investment Advisor L.L.C. Sells 4,041 Shares of Scientific Games Corp (NASDAQ:SGMS)
Gargoyle Investment Advisor L.L.C. cut its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 23.8% during the second quarter, Holdings Channel reports. The firm owned 12,913 shares of the technology company’s stock after selling 4,041 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Scientific Games Corp were worth $337,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in SGMS. Municipal Employees Retirement System of Michigan raised its stake in Scientific Games Corp by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock worth $274,000 after buying an additional 220 shares during the period. Alambic Investment Management L.P. raised its stake in Scientific Games Corp by 5.1% in the first quarter. Alambic Investment Management L.P. now owns 323,826 shares of the technology company’s stock worth $7,658,000 after buying an additional 15,600 shares during the period. Guggenheim Capital LLC bought a new stake in Scientific Games Corp during the fourth quarter worth $1,072,000. AQR Capital Management LLC bought a new stake in Scientific Games Corp during the fourth quarter worth $247,000. Finally, Laurion Capital Management LP bought a new stake in Scientific Games Corp during the first quarter worth $215,000. 60.11% of the stock is owned by institutional investors.
Scientific Games Corp (NASDAQ:SGMS) opened at 35.45 on Tuesday. Scientific Games Corp has a one year low of $8.07 and a one year high of $39.25. The stock’s market cap is $3.17 billion. The company’s 50-day moving average price is $30.73 and its 200-day moving average price is $24.43.
Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million during the quarter, compared to the consensus estimate of $732.93 million. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.59) EPS. Analysts forecast that Scientific Games Corp will post ($2.27) EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on SGMS shares. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, May 2nd. ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Telsey Advisory Group boosted their target price on Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, April 28th. Stifel Nicolaus boosted their target price on Scientific Games Corp from $24.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, July 25th. Finally, BidaskClub raised Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Scientific Games Corp has an average rating of “Hold” and a consensus target price of $30.00.
In other Scientific Games Corp news, Director Michael Gavin Isaacs sold 68,036 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total value of $2,643,198.60. Following the completion of the sale, the director now owns 110,815 shares of the company’s stock, valued at $4,305,162.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total transaction of $82,120.50. Following the completion of the sale, the director now directly owns 7,173 shares of the company’s stock, valued at approximately $276,160.50. The disclosure for this sale can be found here. In the last three months, insiders sold 192,850 shares of company stock valued at $7,281,691. 41.53% of the stock is owned by insiders.
Scientific Games Corp Company 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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