Parametric Portfolio Associates LLC Has $2.84 Million Stake in Scientific Games Corp (SGMS)

Parametric Portfolio Associates LLC decreased its position in shares of Scientific Games Corp (NASDAQ:SGMS) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,749 shares of the technology company’s stock after selling 5,796 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.12% of Scientific Games Corp worth $2,838,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in shares of Scientific Games Corp by 2.1% during the second quarter. New York State Common Retirement Fund now owns 253,364 shares of the technology company’s stock valued at $6,613,000 after acquiring an additional 5,149 shares during the period. BlackRock Inc. boosted its holdings in shares of Scientific Games Corp by 157,167.7% during the first quarter. BlackRock Inc. now owns 6,120,858 shares of the technology company’s stock valued at $144,758,000 after acquiring an additional 6,116,966 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Scientific Games Corp by 1.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock valued at $274,000 after acquiring an additional 220 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of Scientific Games Corp by 57.7% during the second quarter. Federated Investors Inc. PA now owns 185,603 shares of the technology company’s stock valued at $4,844,000 after acquiring an additional 67,902 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Scientific Games Corp by 6.1% during the first quarter. Prudential Financial Inc. now owns 91,740 shares of the technology company’s stock valued at $2,170,000 after acquiring an additional 5,260 shares during the period. 62.98% of the stock is owned by institutional investors.

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Shares of Scientific Games Corp (NASDAQ:SGMS) opened at $48.30 on Friday. Scientific Games Corp has a 1-year low of $11.35 and a 1-year high of $49.70. The company has a quick ratio of 1.37, a current ratio of 1.83 and a debt-to-equity ratio of -4.07.

Scientific Games Corp (NASDAQ:SGMS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.22). The company had revenue of $768.90 million for the quarter, compared to analyst estimates of $748.56 million. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.13) earnings per share. analysts expect that Scientific Games Corp will post -2.32 EPS for the current fiscal year.

SGMS has been the subject of several analyst reports. Craig Hallum reissued a “buy” rating and set a $56.00 price target (up previously from $45.00) on shares of Scientific Games Corp in a report on Thursday, October 5th. Stifel Nicolaus boosted their price target on shares of Scientific Games Corp from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 18th. Bank of America Corporation reissued a “buy” rating and set a $50.00 price target (up previously from $38.00) on shares of Scientific Games Corp in a report on Wednesday, September 20th. Finally, Zacks Investment Research downgraded shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.20.

About Scientific Games Corp

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

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