Quantitative Systematic Strategies LLC Takes Position in Scientific Games Corp (SGMS)

Quantitative Systematic Strategies LLC bought a new position in Scientific Games Corp (NASDAQ:SGMS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,954 shares of the technology company’s stock, valued at approximately $357,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SGMS. Whale Rock Capital Management LLC raised its holdings in Scientific Games by 48.0% in the third quarter. Whale Rock Capital Management LLC now owns 2,093,468 shares of the technology company’s stock worth $95,986,000 after purchasing an additional 678,561 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Scientific Games during the second quarter worth $17,104,000. Hennessy Advisors Inc. raised its holdings in shares of Scientific Games by 326.6% during the fourth quarter. Hennessy Advisors Inc. now owns 822,100 shares of the technology company’s stock worth $42,174,000 after acquiring an additional 629,400 shares during the period. FMR LLC acquired a new stake in shares of Scientific Games during the second quarter worth $15,284,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Scientific Games by 129.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 747,845 shares of the technology company’s stock worth $19,519,000 after acquiring an additional 422,065 shares during the period. Institutional investors own 64.33% of the company’s stock.

Shares of Scientific Games Corp (NASDAQ:SGMS) opened at $43.00 on Thursday. 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 Corp has a 52 week low of $19.50 and a 52 week high of $56.45.

In other Scientific Games news, Director Richard M. Haddrill sold 8,000 shares of Scientific Games stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $51.28, for a total value of $410,240.00. Following the sale, the director now directly owns 136,542 shares in the company, valued at approximately $7,001,873.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Regan sold 17,000 shares of Scientific Games stock in a transaction on Monday, November 13th. The shares were 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. 40.61% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $55.00 price objective on shares of Scientific Games in a report on Friday, February 2nd. BidaskClub lowered shares of Scientific Games from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, Zacks Investment Research lowered shares of Scientific Games from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for Scientific Games (NASDAQ:SGMS)

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