24,798 Shares in Scientific Games Co. (SGMS) Acquired by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC purchased a new stake in shares of Scientific Games Co. (NASDAQ:SGMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 24,798 shares of the technology company’s stock, valued at approximately $1,272,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System boosted its position in Scientific Games by 4.8% during the 3rd quarter. California Public Employees Retirement System now owns 117,591 shares of the technology company’s stock valued at $5,392,000 after buying an additional 5,391 shares during the period. Arizona State Retirement System boosted its position in Scientific Games by 224.8% during the 4th quarter. Arizona State Retirement System now owns 88,892 shares of the technology company’s stock valued at $4,560,000 after buying an additional 61,525 shares during the period. Swiss National Bank boosted its position in Scientific Games by 2.6% during the 4th quarter. Swiss National Bank now owns 91,400 shares of the technology company’s stock valued at $4,689,000 after buying an additional 2,300 shares during the period. Russell Investments Group Ltd. boosted its position in Scientific Games by 70.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 70,290 shares of the technology company’s stock valued at $3,223,000 after buying an additional 29,150 shares during the period. Finally, Legal & General Group Plc boosted its position in Scientific Games by 2.6% during the 3rd quarter. Legal & General Group Plc now owns 105,123 shares of the technology company’s stock valued at $4,817,000 after buying an additional 2,642 shares during the period. 65.90% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

In other news, Director Peter A. Cohen sold 9,500 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $41.23, for a total value of $391,685.00. Following the completion of the sale, the director now directly owns 249,486 shares of the company’s stock, valued at approximately $10,286,307.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter A. Cohen sold 20,049 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $40.80, for a total transaction of $817,999.20. Following the completion of the sale, the director now directly owns 268,502 shares of the company’s stock, valued at $10,954,881.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,798 shares of company stock valued at $6,323,025. Corporate insiders own 40.61% of the company’s stock.

NASDAQ:SGMS opened at $41.60 on Monday. Scientific Games Co. has a 12 month low of $20.60 and a 12 month high of $56.45. The company has a debt-to-equity ratio of -4.31, a current ratio of 2.54 and a quick ratio of 2.21. The stock has a market capitalization of $3,742.54, a PE ratio of -18.65 and a beta of 2.55.

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

SGMS has been the subject of several analyst reports. Zacks Investment Research cut shares of Scientific Games from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. BidaskClub cut shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus reissued a “hold” rating and set a $55.00 price target on shares of Scientific Games in a research report on Friday, February 2nd. Jefferies Group initiated coverage on shares of Scientific Games in a research report on Tuesday, February 20th. They set a “buy” rating and a $57.00 price target for the company. Finally, Bank of America dropped their target price on shares of Scientific Games from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Scientific Games presently has an average rating of “Buy” and a consensus price target of $52.67.

TRADEMARK VIOLATION NOTICE: “24,798 Shares in Scientific Games Co. (SGMS) Acquired by MetLife Investment Advisors LLC” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/04/09/24798-shares-in-scientific-games-co-sgms-acquired-by-metlife-investment-advisors-llc.html.

Scientific Games Company Profile

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.

Want to see what other hedge funds are holding SGMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scientific Games Co. (NASDAQ:SGMS).

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

Receive News & Ratings for Scientific Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply