Hancock Holding Co. decreased its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 35.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,622 shares of the technology company’s stock after selling 18,500 shares during the period. Hancock Holding Co.’s holdings in Scientific Games Corp were worth $878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Scientific Games Corp by 152.3% during the second quarter. Renaissance Technologies LLC now owns 1,538,848 shares of the technology company’s stock worth $40,164,000 after buying an additional 928,800 shares during the period. Hanseatic Management Services Inc. boosted its stake in shares of Scientific Games Corp by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 54,440 shares of the technology company’s stock worth $1,421,000 after buying an additional 148 shares during the period. California Public Employees Retirement System boosted its stake in shares of Scientific Games Corp by 19.5% during the second quarter. California Public Employees Retirement System now owns 112,200 shares of the technology company’s stock worth $2,928,000 after buying an additional 18,300 shares during the period. FMR LLC acquired a new stake in shares of Scientific Games Corp during the second quarter worth about $15,284,000. Finally, Northern Trust Corp boosted its stake in shares of Scientific Games Corp by 3.9% during the second quarter. Northern Trust Corp now owns 696,194 shares of the technology company’s stock worth $18,171,000 after buying an additional 25,901 shares during the period. Institutional investors and hedge funds own 62.77% of the company’s stock.

In related news, EVP James C. Kennedy sold 122,681 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the completion of the sale, the executive vice president now owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $38.50, for a total transaction of $82,120.50. Following 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 ninety days, insiders have sold 192,850 shares of company stock valued at $7,281,691. Insiders own 42.03% of the company’s stock.

Several equities research analysts have recently weighed in on SGMS shares. Stifel Nicolaus increased their target price on shares of Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, July 20th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $50.00 target price (up previously from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Scientific Games Corp currently has a consensus rating of “Hold” and a consensus price target of $38.75.

Shares of Scientific Games Corp (NASDAQ SGMS) opened at 45.85 on Friday. The firm’s market cap is $4.10 billion. The stock’s 50 day moving average is $36.03 and its 200 day moving average is $27.37. Scientific Games Corp has a 52 week low of $10.87 and a 52 week high of $46.25.

Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.08. The business had revenue of $766.30 million for the quarter, compared to the consensus estimate of $732.93 million. During the same period in the prior year, the company earned ($0.59) EPS. Scientific Games Corp’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Scientific Games Corp will post ($2.23) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Hancock Holding Co. Sells 18,500 Shares of Scientific Games Corp (SGMS)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/hancock-holding-co-sells-18500-shares-of-scientific-games-corp-sgms/1600567.html.

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.

Want to see what other hedge funds are holding SGMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scientific Games Corp (NASDAQ:SGMS).

Institutional Ownership by Quarter for Scientific Games Corp (NASDAQ:SGMS)

Receive News & Ratings for Scientific Games Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.