Tudor Investment Corp ET AL Buys New Position in Scientific Games Corp (SGMS)

Tudor Investment Corp ET AL acquired a new position in Scientific Games Corp (NASDAQ:SGMS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 21,925 shares of the technology company’s stock, valued at approximately $519,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Scientific Games Corp by 157,167.7% in the first quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock worth $144,758,000 after buying an additional 6,116,966 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Scientific Games Corp by 27.6% in the first quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company’s stock worth $139,918,000 after buying an additional 1,278,837 shares during the last quarter. State Street Corp increased its position in shares of Scientific Games Corp by 5.6% in the first quarter. State Street Corp now owns 1,213,822 shares of the technology company’s stock worth $28,705,000 after buying an additional 64,179 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Scientific Games Corp by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 621,125 shares of the technology company’s stock worth $14,689,000 after buying an additional 16,369 shares during the last quarter. Finally, Bogle Investment Management L P DE increased its position in shares of Scientific Games Corp by 101.8% in the first quarter. Bogle Investment Management L P DE now owns 610,609 shares of the technology company’s stock worth $14,440,000 after buying an additional 308,032 shares during the last quarter. Hedge funds and other institutional investors own 60.59% of the company’s stock.

Scientific Games Corp (NASDAQ:SGMS) traded up 0.56% during midday trading on Friday, reaching $36.20. The company’s stock had a trading volume of 697,593 shares. The firm’s 50-day moving average price is $28.35 and its 200-day moving average price is $23.21. Scientific Games Corp has a 52 week low of $8.07 and a 52 week high of $39.25. The stock’s market capitalization is $3.24 billion.

Scientific Games Corp (NASDAQ:SGMS) last issued its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.08. The business had revenue of $766.30 million for the quarter, compared to analysts’ expectations of $732.93 million. During the same period in the prior year, the company earned ($0.59) EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Scientific Games Corp will post ($2.27) earnings per share for the current year.

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SGMS has been the topic of a number of analyst reports. Telsey Advisory Group lifted their price objective on Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Stifel Nicolaus raised their target price on 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 cut Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised 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, ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

In related news, EVP James C. Kennedy sold 122,681 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.14, for a total value of $4,556,372.34. Following the transaction, the executive vice president now directly owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Gavin Isaacs sold 68,036 shares of the stock in a transaction on Wednesday, July 26th. The stock was 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 directly owns 110,815 shares in the company, valued at $4,305,162.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,850 shares of company stock worth $7,281,691. Corporate insiders own 42.03% 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.

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

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