Scientific Games Corp (NASDAQ:SGMS) was the target of some unusual options trading on Thursday. Stock investors bought 4,274 put options on the company. This is an increase of 1,696% compared to the typical volume of 238 put options.
Shares of Scientific Games (NASDAQ SGMS) opened at $44.65 on Friday. Scientific Games has a 12-month low of $18.55 and a 12-month high of $56.45. The company has a market capitalization of $4,365.54, a PE ratio of -12.76 and a beta of 2.51. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45.
Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned ($1.13) earnings per share. equities analysts anticipate that Scientific Games will post -2.47 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Profund Advisors LLC increased its holdings in Scientific Games by 5.8% during the 2nd quarter. Profund Advisors LLC now owns 10,073 shares of the technology company’s stock worth $263,000 after purchasing an additional 553 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in 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 purchasing an additional 556 shares in the last quarter. Caxton Associates LP increased its holdings in Scientific Games by 10.1% during the 2nd quarter. Caxton Associates LP now owns 10,900 shares of the technology company’s stock worth $284,000 after purchasing an additional 1,000 shares in the last quarter. Comerica Bank increased its holdings in Scientific Games by 2.5% during the 3rd quarter. Comerica Bank now owns 46,960 shares of the technology company’s stock worth $2,188,000 after purchasing an additional 1,166 shares in the last quarter. Finally, LS Investment Advisors LLC increased its holdings in Scientific Games by 42.2% during the 3rd quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,170 shares in the last quarter. 64.29% of the stock is owned by hedge funds and other institutional investors.
SGMS has been the subject of a number of research analyst reports. BidaskClub lowered Scientific Games from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 target price on shares of Scientific Games in a research report on Friday. Finally, Zacks Investment Research lowered Scientific Games from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Scientific Games has an average rating of “Hold” and a consensus target price of $45.20.
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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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