Caxton Associates LP lifted its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 35.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,122 shares of the technology company’s stock after purchasing an additional 2,122 shares during the period. Caxton Associates LP’s holdings in Scientific Games were worth $417,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Profund Advisors LLC lifted its position in shares of Scientific Games by 17.5% during the fourth quarter. Profund Advisors LLC now owns 8,141 shares of the technology company’s stock worth $418,000 after purchasing an additional 1,211 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Scientific Games by 16.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,967,748 shares of the technology company’s stock worth $152,245,000 after purchasing an additional 424,762 shares in the last quarter. Invictus RG lifted its position in shares of Scientific Games by 213.9% during the fourth quarter. Invictus RG now owns 5,301 shares of the technology company’s stock worth $272,000 after purchasing an additional 3,612 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Scientific Games during the fourth quarter worth $996,000. Finally, Geode Capital Management LLC lifted its position in shares of Scientific Games by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 486,849 shares of the technology company’s stock worth $24,975,000 after purchasing an additional 8,465 shares in the last quarter. 65.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Scientific Games Corp (NASDAQ SGMS) opened at $44.10 on Wednesday. The stock has a market cap of $3,895.50, a price-to-earnings ratio of -16.21 and a beta of 2.47. The company has a quick ratio of 2.21, a current ratio of 2.54 and a debt-to-equity ratio of -4.31. Scientific Games Corp has a twelve month low of $20.50 and a twelve month high of $56.45.
Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). The company had revenue of $823.00 million during the quarter, compared to analyst estimates of $814.40 million. equities analysts predict that Scientific Games Corp will post 0.02 EPS for the current fiscal year.
In other Scientific Games news, Director Peter A. Cohen sold 20,049 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $40.80, for a total transaction of $817,999.20. Following the completion of the sale, the director now owns 268,502 shares in the company, valued at $10,954,881.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Haddrill sold 8,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $51.28, for a total transaction of $410,240.00. Following the sale, the director now owns 136,542 shares of the company’s stock, valued at approximately $7,001,873.76. The disclosure for this sale can be found here. Insiders sold 33,049 shares of company stock worth $1,435,939 over the last ninety days. 40.61% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on the stock. Jefferies Group assumed coverage on shares of Scientific Games in a report on Tuesday, February 20th. They issued a “buy” rating and a $57.00 price target on the stock. BidaskClub cut shares of Scientific Games from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 price target on shares of Scientific Games in a report on Friday, February 2nd. Zacks Investment Research cut shares of Scientific Games from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Bank of America cut their price target on shares of Scientific Games from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $47.67.
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Scientific Games 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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