Renaissance Technologies LLC purchased a new stake in Scientific Games Corp (NASDAQ:SGMS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 610,048 shares of the technology company’s stock, valued at approximately $14,428,000. Renaissance Technologies LLC owned about 0.69% of Scientific Games Corp at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Scientific Games Corp during the first quarter valued at $130,000. State of Alaska Department of Revenue increased 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 valued at $133,000 after buying an additional 150 shares during the last quarter. Parametrica Management Ltd acquired a new position in Scientific Games Corp during the first quarter valued at $211,000. ARP Americas LLC acquired a new position in Scientific Games Corp during the first quarter valued at $213,000. Finally, Laurion Capital Management LP acquired a new position in Scientific Games Corp during the first quarter valued at $215,000. Institutional investors and hedge funds own 60.42% of the company’s stock.
Shares of Scientific Games Corp (SGMS) traded down 1.96% during mid-day trading on Tuesday, hitting $35.10. 985,259 shares of the stock traded hands. The stock’s market cap is $3.14 billion. The firm has a 50 day moving average of $28.35 and a 200 day moving average of $23.21. Scientific Games Corp has a 12 month low of $8.07 and a 12 month high of $39.25.
Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million for the quarter, compared to analysts’ expectations of $732.93 million. During the same period last year, the company posted ($0.59) earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Scientific Games Corp will post ($2.27) EPS for the current fiscal year.
Several research firms have weighed in on SGMS. Stifel Nicolaus increased their price target on shares of Scientific Games Corp from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research downgraded shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Finally, Telsey Advisory Group raised their price objective on shares of Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Scientific Games Corp currently has an average rating of “Hold” and a consensus target price of $30.00.
In other Scientific Games Corp news, Director Gabrielle K. Mcdonald sold 2,133 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $38.50, for a total transaction of $82,120.50. Following the completion of the transaction, the director now directly owns 7,173 shares in the company, valued at $276,160.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James C. Kennedy sold 122,681 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the transaction, the executive vice president now owns 186,363 shares of the company’s stock, valued at $6,921,521.82. The disclosure for this sale can be found here. Insiders have sold 192,850 shares of company stock valued at $7,281,691 over the last 90 days. 41.53% of the stock is currently owned by company insiders.
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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