WINTON GROUP Ltd acquired a new position in shares of Scientific Games Corp (NASDAQ:SGMS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 56,352 shares of the technology company’s stock, valued at approximately $2,584,000. WINTON GROUP Ltd owned about 0.06% of Scientific Games at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its position in shares of Scientific Games by 13.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock worth $122,000 after buying an additional 556 shares during the last quarter. First Quadrant L P CA purchased a new stake in Scientific Games in the 3rd quarter valued at $139,000. LS Investment Advisors LLC raised its position in Scientific Games by 42.2% in the 3rd quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,170 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Scientific Games in the 3rd quarter valued at $201,000. Finally, Bayesian Capital Management LP purchased a new stake in Scientific Games in the 2nd quarter valued at $209,000. Institutional investors and hedge funds own 64.04% of the company’s stock.
In related news, EVP James C. Kennedy sold 100,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $48.30, for a total value of $4,830,000.00. Following the sale, the executive vice president now directly owns 105,029 shares in the company, valued at approximately $5,072,900.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Regan sold 17,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $46.88, for a total transaction of $796,960.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,384 shares of company stock worth $9,026,426. Corporate insiders own 40.61% of the company’s stock.
Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The firm had revenue of $768.90 million for the quarter, compared to analyst estimates of $748.56 million. During the same quarter in the previous year, the business posted ($1.13) earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts forecast that Scientific Games Corp will post -2.47 earnings per share for the current year.
Several research firms recently commented on SGMS. Craig Hallum reiterated a “buy” rating and issued a $56.00 price target (up previously from $45.00) on shares of Scientific Games in a research report on Thursday, October 5th. Stifel Nicolaus upped their price target on shares of Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 18th. Finally, Bank of America reissued a “buy” rating and issued a $50.00 price objective (up from $38.00) on shares of Scientific Games in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Scientific Games has a consensus rating of “Buy” and an average price target of $42.20.
About Scientific Games
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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