Stevens Capital Management LP increased its position in Scientific Games Corp (NASDAQ:SGMS) by 539.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,510 shares of the technology company’s stock after acquiring an additional 40,928 shares during the period. Stevens Capital Management LP owned about 0.05% of Scientific Games worth $1,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SGMS. Bank of Montreal Can bought a new stake in Scientific Games during the second quarter valued at about $104,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Scientific Games during the second quarter valued at about $140,000. Cerebellum GP LLC grew its holdings in Scientific Games by 125.9% during the third quarter. Cerebellum GP LLC now owns 5,565 shares of the technology company’s stock valued at $141,000 after purchasing an additional 3,101 shares during the period. Alps Advisors Inc. bought a new stake in Scientific Games during the second quarter valued at about $208,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Scientific Games during the third quarter valued at about $285,000. 66.21% of the stock is owned by institutional investors.

In related news, Director Barry F. Schwartz acquired 5,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was bought at an average cost of $24.76 per share, with a total value of $123,800.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. 40.48% of the stock is owned by company insiders.

Shares of Scientific Games stock opened at $18.16 on Thursday. The stock has a market capitalization of $1.67 billion, a PE ratio of -8.14 and a beta of 2.21. Scientific Games Corp has a 52 week low of $15.46 and a 52 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, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $828.92 million. Scientific Games’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.66) earnings per share. As a group, sell-side analysts predict that Scientific Games Corp will post -0.7 EPS for the current fiscal year.

Several research firms have issued reports on SGMS. Jefferies Financial Group lowered Scientific Games from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a report on Friday, November 16th. BidaskClub downgraded Scientific Games from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 13th. Deutsche Bank lowered their price objective on Scientific Games to $26.00 and set a “hold” rating on the stock in a research report on Monday, November 12th. ValuEngine upgraded Scientific Games from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Finally, SunTrust Banks assumed coverage on Scientific Games in a research report on Monday, October 1st. They issued a “buy” rating and a $36.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Scientific Games currently has a consensus rating of “Hold” and an average target price of $42.63.

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Scientific Games Company 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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