Coe Capital Management LLC cut its holdings in shares of Scientific Games Corp (NASDAQ:SGMS) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,240 shares of the technology company’s stock after selling 2,315 shares during the quarter. Scientific Games accounts for 1.4% of Coe Capital Management LLC’s holdings, making the stock its 28th largest position. Coe Capital Management LLC’s holdings in Scientific Games were worth $1,341,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sylebra HK Co Ltd boosted its position in shares of Scientific Games by 0.4% during the 2nd quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock worth $224,957,000 after acquiring an additional 36,275 shares in the last quarter. BlackRock Inc. boosted its position in shares of Scientific Games by 1.4% during the 2nd quarter. BlackRock Inc. now owns 6,204,986 shares of the technology company’s stock worth $161,950,000 after acquiring an additional 84,128 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in shares of Scientific Games by 48.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 2,093,468 shares of the technology company’s stock worth $95,986,000 after acquiring an additional 678,561 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Scientific Games by 152.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,538,848 shares of the technology company’s stock worth $40,164,000 after acquiring an additional 928,800 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Scientific Games by 5.4% during the 2nd quarter. State Street Corp now owns 1,279,638 shares of the technology company’s stock worth $33,399,000 after acquiring an additional 65,816 shares in the last quarter. 63.97% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the stock. Craig Hallum reiterated a “buy” rating and set a $56.00 price target (up previously from $45.00) on shares of Scientific Games in a research report on Thursday, October 5th. Bank of America restated a “buy” rating and issued a $50.00 target price (up previously from $38.00) on shares of Scientific Games in a research report on Wednesday, September 20th. Finally, Stifel Nicolaus raised their target price on shares of Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 18th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.20.
Shares of Scientific Games Corp (NASDAQ:SGMS) opened at $52.10 on Tuesday. Scientific Games Corp has a 52-week low of $13.65 and a 52-week high of $54.95. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45.
Scientific Games (NASDAQ:SGMS) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.22). The business had revenue of $768.90 million for the quarter, compared to analysts’ expectations of $748.56 million. During the same quarter in the prior year, the company earned ($1.13) EPS. Scientific Games’s quarterly revenue was up 6.8% on a year-over-year basis. sell-side analysts expect that Scientific Games Corp will post -2.47 EPS for the current year.
In other news, EVP James C. Kennedy sold 30,384 shares of Scientific Games stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $48.35, for a total transaction of $1,469,066.40. Following the transaction, the executive vice president now owns 105,029 shares in the company, valued at $5,078,152.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James C. Kennedy sold 100,000 shares of Scientific Games stock in a transaction on Monday, November 6th. The stock was sold at an average price of $48.30, for a total transaction of $4,830,000.00. Following the transaction, the executive vice president now owns 105,029 shares in the company, valued at approximately $5,072,900.70. The disclosure for this sale can be found here. Insiders sold 187,384 shares of company stock worth $9,026,426 in the last 90 days. Company insiders own 40.61% of the company’s stock.
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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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