Scientific Games Co. (SGMS) Shares Sold by Whale Rock Capital Management LLC

Whale Rock Capital Management LLC lowered its holdings in Scientific Games Co. (NASDAQ:SGMS) by 0.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,090,775 shares of the technology company’s stock after selling 2,693 shares during the period. Scientific Games makes up 5.0% of Whale Rock Capital Management LLC’s holdings, making the stock its 6th biggest holding. Whale Rock Capital Management LLC owned approximately 2.33% of Scientific Games worth $107,257,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Millennium Management LLC grew its holdings in shares of Scientific Games by 34.3% in the fourth quarter. Millennium Management LLC now owns 73,643 shares of the technology company’s stock valued at $3,778,000 after purchasing an additional 18,823 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Scientific Games by 114.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 96,500 shares of the technology company’s stock valued at $4,949,000 after purchasing an additional 51,500 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Scientific Games by 15.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 13,039 shares of the technology company’s stock valued at $669,000 after purchasing an additional 1,727 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Scientific Games by 97.7% in the fourth quarter. Two Sigma Advisers LP now owns 217,499 shares of the technology company’s stock valued at $11,158,000 after purchasing an additional 107,477 shares in the last quarter. Finally, Caxton Associates LP grew its holdings in shares of Scientific Games by 35.4% in the fourth quarter. Caxton Associates LP now owns 8,122 shares of the technology company’s stock valued at $417,000 after purchasing an additional 2,122 shares in the last quarter. Hedge funds and other institutional investors own 65.90% of the company’s stock.

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A number of research analysts recently weighed in on SGMS shares. Jefferies Group started coverage on shares of Scientific Games in a report on Tuesday, February 20th. They issued a “buy” rating and a $57.00 price objective for the company. Zacks Investment Research cut shares of Scientific Games from a “hold” rating to a “sell” rating in a report on Friday, February 9th. BidaskClub downgraded shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 price target on shares of Scientific Games in a research note on Friday, February 2nd. Finally, Bank of America decreased their price target on shares of Scientific Games from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $52.67.

In other news, Director Peter A. Cohen sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $41.54, for a total transaction of $207,700.00. Following the completion of the sale, the director now owns 268,502 shares in the company, valued at approximately $11,153,573.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter A. Cohen sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $41.23, for a total transaction of $391,685.00. Following the sale, the director now owns 249,486 shares of the company’s stock, valued at approximately $10,286,307.78. The disclosure for this sale can be found here. Insiders have sold a total of 141,798 shares of company stock valued at $6,323,025 in the last 90 days. Insiders own 40.61% of the company’s stock.

Shares of Scientific Games stock opened at $41.60 on Friday. Scientific Games Co. has a 52-week low of $20.60 and a 52-week high of $56.45. The company has a quick ratio of 2.21, a current ratio of 2.54 and a debt-to-equity ratio of -4.31. The company has a market capitalization of $3,801.03, a P/E ratio of -18.65 and a beta of 2.55.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.28). The firm had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $814.40 million. equities research analysts anticipate that Scientific Games Co. will post 0.02 EPS for the current fiscal year.

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About Scientific Games

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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