Scientific Games Corp (SGMS) Stake Cut by Credit Suisse AG
Credit Suisse AG reduced its position in Scientific Games Corp (NASDAQ:SGMS) by 89.7% during the first quarter, Holdings Channel reports. The institutional investor owned 57,160 shares of the technology company’s stock after selling 495,859 shares during the period. Credit Suisse AG’s holdings in Scientific Games Corp were worth $1,353,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in Scientific Games Corp during the first quarter worth approximately $120,000. SG Americas Securities LLC acquired a new position in Scientific Games Corp during the first quarter worth 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 worth $133,000 after buying an additional 150 shares in the last quarter. Parametrica Management Ltd acquired a new position in Scientific Games Corp during the first quarter worth approximately $211,000. Finally, ARP Americas LLC acquired a new position in Scientific Games Corp during the first quarter worth approximately $213,000. 60.11% of the stock is currently owned by institutional investors.
Scientific Games Corp (SGMS) traded up 0.500% during trading on Wednesday, reaching $35.175. The company’s stock had a trading volume of 104,273 shares. The company’s 50 day moving average price is $30.96 and its 200-day moving average price is $24.56. The stock’s market cap is $3.15 billion. Scientific Games Corp has a 1-year low of $8.07 and a 1-year high of $39.25.
Scientific Games Corp (NASDAQ:SGMS) last issued its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The business had revenue of $766.30 million during the quarter, compared to the consensus estimate of $732.93 million. During the same quarter in the previous year, the business posted ($0.59) EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts forecast that Scientific Games Corp will post ($2.27) earnings per share for the current fiscal year.
A number of equities analysts have 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 objective on the stock in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $24.00 price objective on shares of Scientific Games Corp in a research note on Friday, July 14th. ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Finally, Telsey Advisory Group boosted their price objective on Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Scientific Games Corp currently has a consensus rating of “Hold” and a consensus price target of $30.00.
In other news, Director Gabrielle K. Mcdonald sold 2,133 shares of Scientific Games Corp stock in a transaction 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 transaction, the director now owns 7,173 shares in the company, valued at approximately $276,160.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Gavin Isaacs sold 68,036 shares of Scientific Games Corp stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total value of $2,643,198.60. Following the completion of the transaction, the director now owns 110,815 shares in the company, valued at approximately $4,305,162.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,850 shares of company stock worth $7,281,691. Corporate insiders own 41.53% 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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