Tudor Investment Corp ET AL acquired a new stake in Scientific Games Corp (NASDAQ:SGMS) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 21,925 shares of the technology company’s stock, valued at approximately $519,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in 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 period. Vanguard Group Inc. increased its position in 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 period. Renaissance Technologies LLC bought a new position in Scientific Games Corp during the first quarter worth $14,428,000. Canada Pension Plan Investment Board bought a new position in Scientific Games Corp during the first quarter worth $11,026,000. Finally, Dimensional Fund Advisors LP increased its position in Scientific Games Corp by 309.0% in the first quarter. Dimensional Fund Advisors LP now owns 577,388 shares of the technology company’s stock worth $13,655,000 after buying an additional 436,231 shares during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.
Scientific Games Corp (NASDAQ:SGMS) opened at 25.42 on Wednesday. The company’s market cap is $2.26 billion. Scientific Games Corp has a 12-month low of $8.07 and a 12-month high of $27.20. The firm’s 50-day moving average price is $24.76 and its 200-day moving average price is $20.85.
Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.74) by $0.18. The firm had revenue of $725.40 million for the quarter, compared to analysts’ expectations of $706.74 million. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that Scientific Games Corp will post ($2.45) earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on the company. BidaskClub downgraded Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Stifel Nicolaus increased their price target on Scientific Games Corp from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Telsey Advisory Group increased their price target on Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a research note on Friday, April 28th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Scientific Games Corp currently has an average rating of “Hold” and an average target price of $23.50.
In other news, Director Michael Gavin Isaacs sold 154,951 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total transaction of $3,534,432.31. Following the completion of the transaction, the director now directly owns 110,542 shares of the company’s stock, valued at approximately $2,521,463.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 41.53% of the stock is owned by corporate insiders.
About Scientific Games Corp
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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