Maven Securities LTD Invests $354,000 in SciPlay Corp (NASDAQ:SCPL)

Maven Securities LTD acquired a new stake in SciPlay Corp (NASDAQ:SCPL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,600 shares of the company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new position in shares of SciPlay in the 2nd quarter valued at about $27,000. Oppenheimer Asset Management Inc. acquired a new stake in SciPlay in the second quarter valued at approximately $67,000. NJ State Employees Deferred Compensation Plan acquired a new stake in SciPlay in the second quarter valued at approximately $329,000. Northern Trust Corp purchased a new position in SciPlay in the second quarter worth approximately $602,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in SciPlay in the second quarter worth approximately $1,157,000. Institutional investors and hedge funds own 18.79% of the company’s stock.

SCPL has been the topic of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $20.00 price target on shares of SciPlay in a research note on Monday, July 29th. Royal Bank of Canada began coverage on SciPlay in a research report on Tuesday, May 28th. They set an “outperform” rating and a $19.00 price objective for the company. Craig Hallum initiated coverage on SciPlay in a report on Thursday, May 23rd. They issued a “buy” rating and a $22.00 price objective on the stock. Deutsche Bank initiated coverage on SciPlay in a research report on Tuesday, May 28th. They set a “buy” rating on the stock. Finally, Morgan Stanley cut their target price on SciPlay from $17.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.06.



Shares of SCPL stock traded down $0.50 during midday trading on Wednesday, hitting $11.31. The company had a trading volume of 343,419 shares, compared to its average volume of 377,480. The stock has a 50 day simple moving average of $10.28. SciPlay Corp has a 52-week low of $9.12 and a 52-week high of $18.75. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03.

SciPlay (NASDAQ:SCPL) last released its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.36. The firm had revenue of $118.10 million during the quarter, compared to analyst estimates of $118.50 million. The business’s revenue was up 18.5% on a year-over-year basis. As a group, equities analysts predict that SciPlay Corp will post 1.89 earnings per share for the current fiscal year.

In related news, major shareholder Park West Asset Management Llc bought 329,709 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $13.38 per share, for a total transaction of $4,411,506.42. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director M. Mendel Pinson bought 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $10.26 per share, for a total transaction of $102,600.00. The disclosure for this purchase can be found here. Insiders have purchased 349,709 shares of company stock worth $4,618,006 in the last ninety days.

SciPlay Profile

SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.

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Institutional Ownership by Quarter for SciPlay (NASDAQ:SCPL)

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