Hennessy Advisors Inc. Invests $15.33 Million in Scientific Games Corp (NASDAQ:SGMS)

Hennessy Advisors Inc. bought a new position in shares of Scientific Games Corp (NASDAQ:SGMS) in the 4th quarter, Holdings Channel reports. The fund bought 572,400 shares of the technology company’s stock, valued at approximately $15,329,000. Scientific Games makes up 0.8% of Hennessy Advisors Inc.’s holdings, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in Scientific Games by 16.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,999 shares of the technology company’s stock worth $81,000 after purchasing an additional 556 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Scientific Games by 1.4% during the second quarter. Parametric Portfolio Associates LLC now owns 58,160 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 788 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Scientific Games by 56.6% during the third quarter. Public Employees Retirement System of Ohio now owns 2,391 shares of the technology company’s stock worth $49,000 after purchasing an additional 864 shares in the last quarter. Atria Investments LLC purchased a new position in Scientific Games during the second quarter worth about $554,000. Finally, California State Teachers Retirement System increased its holdings in Scientific Games by 1.6% in the third quarter. California State Teachers Retirement System now owns 87,261 shares of the technology company’s stock valued at $1,776,000 after buying an additional 1,370 shares in the last quarter. Institutional investors and hedge funds own 60.97% of the company’s stock.

Scientific Games stock traded up $0.79 during mid-day trading on Tuesday, reaching $28.30. The company had a trading volume of 132,545 shares, compared to its average volume of 526,034. Scientific Games Corp has a 1 year low of $16.02 and a 1 year high of $31.63. The company has a market capitalization of $2.61 billion, a P/E ratio of -52.41, a P/E/G ratio of 2.96 and a beta of 2.15. The stock’s 50-day simple moving average is $27.23 and its 200-day simple moving average is $22.95.

Scientific Games (NASDAQ:SGMS) last issued its earnings results on Thursday, November 7th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.13. Scientific Games had a net margin of 3.50% and a negative return on equity of 1.07%. The company had revenue of $855.00 million during the quarter, compared to analysts’ expectations of $851.61 million. During the same period last year, the company posted ($0.14) earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts anticipate that Scientific Games Corp will post -0.27 earnings per share for the current fiscal year.

In other news, EVP Derik Mooberry sold 32,954 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.19, for a total transaction of $928,973.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 40.60% of the company’s stock.

SGMS has been the subject of a number of research analyst reports. Susquehanna Bancshares cut shares of Scientific Games from a “positive” rating to a “neutral” rating in a report on Monday, November 11th. ValuEngine raised shares of Scientific Games from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 7th. BidaskClub cut shares of Scientific Games from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. TheStreet raised shares of Scientific Games from a “d+” rating to a “c-” rating in a report on Friday, November 15th. Finally, Stifel Nicolaus raised shares of Scientific Games from a “hold” rating to a “buy” rating and increased their target price for the company from $30.00 to $37.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.75.

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

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