Public Employees Retirement System of Ohio Lowers Position in Scientific Games Corp (SGMS)
Public Employees Retirement System of Ohio reduced its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 14.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,492 shares of the technology company’s stock after selling 11,760 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.08% of Scientific Games worth $3,232,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Ameritas Investment Partners Inc. grew its stake in shares of Scientific Games by 13.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock valued at $122,000 after buying an additional 556 shares in the last quarter. First Quadrant L P CA bought a new position in shares of Scientific Games in the third quarter valued at $139,000. LS Investment Advisors LLC grew its stake in shares of Scientific Games by 42.2% in the third quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock valued at $181,000 after buying an additional 1,170 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Scientific Games in the third quarter valued at $201,000. Finally, Bayesian Capital Management LP bought a new position in shares of Scientific Games in the second quarter valued at $209,000. 63.95% of the stock is owned by institutional investors.
SGMS has been the subject of several analyst reports. Craig Hallum reissued a “buy” rating and issued a $56.00 target price (up from $45.00) on shares of Scientific Games in a research note on Thursday, October 5th. Bank of America reaffirmed a “buy” rating and set a $50.00 price target (up previously from $38.00) on shares of Scientific Games in a report on Wednesday, September 20th. Finally, Stifel Nicolaus raised their price target on Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Scientific Games currently has an average rating of “Buy” and a consensus price target of $42.20.
Shares of Scientific Games Corp (NASDAQ:SGMS) opened at $51.30 on Friday. Scientific Games Corp has a twelve month low of $13.65 and a twelve month high of $54.95. The company has a current ratio of 1.83, a quick ratio of 1.45 and a debt-to-equity ratio of -4.07. The firm has a market capitalization of $4,600.00, a price-to-earnings ratio of -14.66 and a beta of 2.65.
Scientific Games (NASDAQ:SGMS) last posted its earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The firm had revenue of $768.90 million during the quarter, compared to the consensus estimate of $748.56 million. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned ($1.13) earnings per share. research analysts forecast that Scientific Games Corp will post -2.47 EPS for the current fiscal year.
In other Scientific Games news, Director Richard M. Haddrill sold 8,000 shares of Scientific Games stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $51.28, for a total value of $410,240.00. Following the transaction, the director now owns 136,542 shares in the company, valued at $7,001,873.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James C. Kennedy sold 30,384 shares of Scientific Games stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $48.35, for a total value of $1,469,066.40. Following the completion of the transaction, the executive vice president now owns 105,029 shares in the company, valued at approximately $5,078,152.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,384 shares of company stock valued at $9,436,666. 40.61% of the stock is owned by insiders.
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About Scientific Games
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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