Gilder Gagnon Howe & Co. LLC Sells 284 Shares of Scientific Games Corp (NASDAQ:SGMS)
Gilder Gagnon Howe & Co. LLC lowered its stake in Scientific Games Corp (NASDAQ:SGMS) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 65,864 shares of the technology company’s stock after selling 284 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Scientific Games Corp were worth $1,719,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new position in Scientific Games Corp during the first quarter valued at approximately $120,000. SG Americas Securities LLC bought a new position in Scientific Games Corp during the first quarter valued at approximately $130,000. State of Alaska Department of Revenue raised its position in Scientific Games Corp by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,640 shares of the technology company’s stock valued at $133,000 after buying an additional 150 shares during the period. Parametrica Management Ltd bought a new position in Scientific Games Corp during the first quarter valued at approximately $211,000. Finally, ARP Americas LLC bought a new position in Scientific Games Corp during the first quarter valued at approximately $213,000. 60.42% of the stock is currently owned by hedge funds and other institutional investors.
Scientific Games Corp (NASDAQ SGMS) opened at 34.85 on Friday. The firm’s market capitalization is $3.12 billion. The firm has a 50 day moving average price of $30.23 and a 200-day moving average price of $24.05. Scientific Games Corp has a 12 month low of $8.07 and a 12 month high of $39.25.
Scientific Games Corp (NASDAQ:SGMS) last released its earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.08. The business had revenue of $766.30 million during the quarter, compared to analyst estimates of $732.93 million. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned ($0.59) EPS. On average, equities analysts forecast that Scientific Games Corp will post ($2.27) EPS for the current year.
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Several equities analysts recently commented on the company. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $24.00 target price on shares of Scientific Games Corp in a research report on Friday, July 14th. ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Finally, Telsey Advisory Group upped their target price on Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.00.
In other Scientific Games Corp news, Director Gabrielle K. Mcdonald sold 2,133 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total value of $82,120.50. Following the sale, the director now owns 7,173 shares of the company’s stock, valued at approximately $276,160.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James C. Kennedy sold 122,681 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.14, for a total value of $4,556,372.34. Following the completion of the sale, the executive vice president now directly owns 186,363 shares in the company, valued at approximately $6,921,521.82. The disclosure for this sale can be found here. Insiders sold a total of 192,850 shares of company stock worth $7,281,691 in the last ninety days. Insiders own 42.03% of the company’s stock.
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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