Scientific Games (SGMS) Sets New 1-Year High and Low at $62.25

Scientific Games Co. (NASDAQ:SGMS)’s share price reached a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $62.25 and last traded at $61.85, with a volume of 441062 shares changing hands. The stock had previously closed at $60.25.

SGMS has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. BidaskClub downgraded shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 price target on shares of Scientific Games in a research note on Friday, February 2nd. Jefferies Group started coverage on shares of Scientific Games in a research note on Tuesday, February 20th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Bank of America decreased their price target on shares of Scientific Games from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, March 2nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Scientific Games currently has an average rating of “Buy” and a consensus price target of $56.67.

The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of -4.00. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of -27.83 and a beta of 2.53.

Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Thursday, May 3rd. The technology company reported ($1.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.91). The firm had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $792.62 million. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.14) earnings per share. analysts anticipate that Scientific Games Co. will post -0.82 EPS for the current fiscal year.

In other news, EVP Derik Mooberry sold 84,174 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $59.82, for a total value of $5,035,288.68. Following the transaction, the executive vice president now directly owns 69,899 shares of the company’s stock, valued at $4,181,358.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter A. Cohen sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $41.54, for a total transaction of $207,700.00. Following the completion of the transaction, the director now directly owns 268,502 shares in the company, valued at $11,153,573.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 406,586 shares of company stock worth $20,613,433. Insiders own 40.61% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Arizona State Retirement System raised its stake in Scientific Games by 224.8% during the fourth quarter. Arizona State Retirement System now owns 88,892 shares of the technology company’s stock worth $4,560,000 after purchasing an additional 61,525 shares during the period. Swiss National Bank raised its stake in Scientific Games by 2.6% during the fourth quarter. Swiss National Bank now owns 91,400 shares of the technology company’s stock worth $4,689,000 after purchasing an additional 2,300 shares during the period. Hanseatic Management Services Inc. raised its stake in Scientific Games by 15.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 13,039 shares of the technology company’s stock worth $669,000 after purchasing an additional 1,727 shares during the period. Pinebridge Investments L.P. raised its stake in Scientific Games by 182.5% during the fourth quarter. Pinebridge Investments L.P. now owns 18,496 shares of the technology company’s stock worth $949,000 after purchasing an additional 11,949 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Scientific Games by 4.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 263,960 shares of the technology company’s stock worth $13,542,000 after purchasing an additional 11,141 shares during the period. 66.08% of the stock is currently owned by institutional investors.

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.

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