Highbridge Capital Management LLC increased its holdings in Scientific Games Corp (NASDAQ:SGMS) by 938.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,800 shares of the technology company’s stock after acquiring an additional 44,099 shares during the quarter. Highbridge Capital Management LLC owned approximately 0.05% of Scientific Games worth $1,240,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SGMS. FMR LLC lifted its stake in shares of Scientific Games by 34.8% in the third quarter. FMR LLC now owns 2,451,221 shares of the technology company’s stock worth $62,262,000 after acquiring an additional 632,380 shares in the last quarter. Whale Rock Capital Management LLC lifted its stake in shares of Scientific Games by 25.0% in the second quarter. Whale Rock Capital Management LLC now owns 2,610,625 shares of the technology company’s stock worth $128,312,000 after acquiring an additional 522,724 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Scientific Games by 6.3% in the second quarter. BlackRock Inc. now owns 6,072,629 shares of the technology company’s stock worth $298,469,000 after acquiring an additional 361,648 shares in the last quarter. SCP Investment LP acquired a new position in shares of Scientific Games in the third quarter worth about $3,810,000. Finally, RK Capital Management LLC lifted its stake in shares of Scientific Games by 78.2% in the third quarter. RK Capital Management LLC now owns 278,600 shares of the technology company’s stock worth $7,076,000 after acquiring an additional 122,300 shares in the last quarter. Institutional investors and hedge funds own 66.21% of the company’s stock.

SGMS has been the topic of several recent analyst reports. ValuEngine cut Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. SunTrust Banks initiated coverage on Scientific Games in a research note on Monday, October 1st. They issued a “buy” rating and a $36.00 price target on the stock. Deutsche Bank cut their price target on Scientific Games to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 12th. Jefferies Financial Group cut Scientific Games from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Friday, November 16th. Finally, BidaskClub raised Scientific Games from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Scientific Games presently has a consensus rating of “Hold” and an average price target of $40.67.

In other news, Director Barry F. Schwartz acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was purchased at an average cost of $24.76 per share, with a total value of $123,800.00. Following the completion of the acquisition, the director now directly owns 106,852 shares in the company, valued at $2,645,655.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 40.48% of the stock is owned by insiders.

Shares of Scientific Games stock opened at $16.86 on Friday. The stock has a market capitalization of $1.67 billion, a P/E ratio of -7.56 and a beta of 2.21. Scientific Games Corp has a fifty-two week low of $15.46 and a fifty-two week high of $62.80.

Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The firm had revenue of $821.00 million during the quarter, compared to the consensus estimate of $828.92 million. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.66) earnings per share. On average, equities analysts anticipate that Scientific Games Corp will post -0.7 EPS for the current year.

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Scientific Games Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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

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