Mason Street Advisors LLC increased its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,433 shares of the technology company’s stock after buying an additional 612 shares during the period. Mason Street Advisors LLC’s holdings in Scientific Games were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in SGMS. Whale Rock Capital Management LLC lifted its position in shares of Scientific Games by 30.9% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,415,894 shares of the technology company’s stock valued at $61,076,000 after buying an additional 806,935 shares in the last quarter. Morgan Stanley lifted its position in shares of Scientific Games by 168.8% during the 3rd quarter. Morgan Stanley now owns 539,907 shares of the technology company’s stock valued at $13,715,000 after buying an additional 339,059 shares in the last quarter. Norges Bank purchased a new position in shares of Scientific Games during the 4th quarter valued at approximately $6,008,000. Intrinsic Edge Capital Management LLC lifted its position in shares of Scientific Games by 648.4% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 330,877 shares of the technology company’s stock valued at $5,916,000 after buying an additional 286,667 shares in the last quarter. Finally, Phoenician Capital LLC purchased a new position in shares of Scientific Games during the 4th quarter valued at approximately $2,793,000. Hedge funds and other institutional investors own 65.21% of the company’s stock.
Shares of SGMS stock opened at $19.10 on Friday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 116.44, a PEG ratio of 58.83 and a beta of 2.32. Scientific Games Corp has a fifty-two week low of $14.79 and a fifty-two week high of $62.35.
Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.19. The company had revenue of $837.00 million for the quarter, compared to analyst estimates of $832.28 million. Scientific Games had a negative return on equity of 0.60% and a negative net margin of 5.15%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted ($2.24) EPS. As a group, equities research analysts forecast that Scientific Games Corp will post 0.03 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on SGMS. Deutsche Bank decreased their target price on Scientific Games from $26.00 to $22.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $31.00 target price (down previously from $36.00) on shares of Scientific Games in a research report on Wednesday, May 8th. BidaskClub lowered Scientific Games from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 27th. Credit Suisse Group reiterated an “underperform” rating and set a $21.00 target price on shares of Scientific Games in a research report on Wednesday, March 20th. Finally, ValuEngine lowered Scientific Games from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.50.
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Scientific Games Company Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.
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