Scientific Games (NASDAQ:SGMS) Rating Increased to C- at TheStreet

Scientific Games (NASDAQ:SGMS) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a research note issued on Friday, TheStreetRatingsTable reports.

Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Scientific Games from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Susquehanna Bancshares cut Scientific Games from a “positive” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, BidaskClub upgraded Scientific Games from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.20.

Shares of NASDAQ:SGMS opened at $30.17 on Friday. The stock’s fifty day simple moving average is $24.26 and its two-hundred day simple moving average is $20.98. Scientific Games has a 1-year low of $14.79 and a 1-year high of $31.63. The stock has a market cap of $2.79 billion, a PE ratio of -55.87 and a beta of 2.24.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.13. Scientific Games had a negative return on equity of 1.07% and a net margin of 3.50%. The business had revenue of $855.00 million for the quarter, compared to analysts’ expectations of $851.61 million. During the same period last year, the business earned ($0.14) EPS. The business’s revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that Scientific Games will post -0.75 earnings per share for the current year.

In other Scientific Games news, Director Ronald O. Perelman bought 100,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was purchased at an average cost of $22.98 per share, with a total value of $2,298,000.00. Following the transaction, the director now directly owns 9,074 shares in the company, valued at approximately $208,520.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard M. Haddrill sold 45,681 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $23.94, for a total value of $1,093,603.14. Following the sale, the director now directly owns 225,957 shares of the company’s stock, valued at $5,409,410.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 350,000 shares of company stock valued at $7,643,000. Insiders own 40.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its position in shares of Scientific Games by 16.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,999 shares of the technology company’s stock valued at $81,000 after purchasing an additional 556 shares during the last quarter. Arizona State Retirement System increased its position in shares of Scientific Games by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 40,465 shares of the technology company’s stock valued at $802,000 after purchasing an additional 721 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Scientific Games by 1.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,160 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 788 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Scientific Games during the 2nd quarter valued at $554,000. Finally, Atwater Malick LLC purchased a new stake in shares of Scientific Games during the 3rd quarter valued at $31,000. 63.47% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Scientific Games (NASDAQ:SGMS)

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