Scientific Games Corp (NASDAQ:SGMS) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $46.25.
A number of research firms have recently commented on SGMS. BidaskClub lowered Scientific Games from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 price objective on shares of Scientific Games in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd.
In related news, Director Richard M. Haddrill sold 8,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $51.28, for a total transaction of $410,240.00. Following the transaction, the director now directly owns 136,542 shares in the company, valued at $7,001,873.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 40.61% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new position in Scientific Games during the fourth quarter valued at about $1,272,000. Macquarie Group Ltd. increased its stake in Scientific Games by 18.6% during the fourth quarter. Macquarie Group Ltd. now owns 19,100 shares of the technology company’s stock valued at $980,000 after acquiring an additional 3,000 shares during the period. Millennium Management LLC increased its stake in Scientific Games by 34.3% during the fourth quarter. Millennium Management LLC now owns 73,643 shares of the technology company’s stock valued at $3,778,000 after acquiring an additional 18,823 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in Scientific Games by 114.4% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 96,500 shares of the technology company’s stock valued at $4,949,000 after acquiring an additional 51,500 shares during the period. Finally, Hanseatic Management Services Inc. increased its stake in Scientific Games by 15.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 13,039 shares of the technology company’s stock valued at $669,000 after acquiring an additional 1,727 shares during the period. Hedge funds and other institutional investors own 64.23% of the company’s stock.
Scientific Games (SGMS) opened at $43.50 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.45 and a debt-to-equity ratio of -4.07. The firm has a market capitalization of $3,860.00, a price-to-earnings ratio of -12.43 and a beta of 2.50. Scientific Games has a twelve month low of $19.80 and a twelve month high of $56.45.
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About Scientific Games
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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