Separately, ValuEngine raised Scientific Games from a sell rating to a hold rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $26.17.
Shares of NASDAQ SGMS traded up $0.55 during mid-day trading on Wednesday, reaching $23.33. The company had a trading volume of 1,398,233 shares, compared to its average volume of 1,377,974. Scientific Games has a one year low of $14.79 and a one year high of $29.95. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -43.20 and a beta of 2.19. The business’s 50-day simple moving average is $18.77 and its 200 day simple moving average is $20.74.
In related news, Director Ronald O. Perelman purchased 120,000 shares of Scientific Games stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of $20.29 per share, for a total transaction of $2,434,800.00. Following the transaction, the director now directly owns 7,519 shares in the company, valued at $152,560.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald O. Perelman purchased 110,000 shares of Scientific Games stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average price of $19.73 per share, for a total transaction of $2,170,300.00. Following the completion of the transaction, the director now owns 7,519 shares in the company, valued at $148,349.87. The disclosure for this purchase can be found here. Corporate insiders own 40.60% of the company’s stock.
Several hedge funds have recently modified their holdings of SGMS. Royal Bank of Canada lifted its stake in shares of Scientific Games by 547.9% in the 2nd quarter. Royal Bank of Canada now owns 3,019 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,553 shares during the period. Personal Wealth Partners purchased a new position in Scientific Games during the second quarter valued at $69,000. Dupont Capital Management Corp raised its stake in Scientific Games by 32.7% during the second quarter. Dupont Capital Management Corp now owns 6,900 shares of the technology company’s stock valued at $137,000 after buying an additional 1,700 shares during the last quarter. Athanor Capital LP purchased a new position in Scientific Games during the second quarter valued at $222,000. Finally, Signition LP purchased a new position in Scientific Games during the second quarter valued at $229,000. Hedge funds and other institutional investors own 64.54% of the company’s stock.
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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