Scientific Games (SGMS) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Scientific Games (NASDAQ: SGMS):

  • 10/3/2019 – Scientific Games was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/2/2019 – Scientific Games was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/27/2019 – Scientific Games was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/17/2019 – Scientific Games was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/16/2019 – Scientific Games was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/11/2019 – Scientific Games was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/31/2019 – Scientific Games was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/16/2019 – Scientific Games was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

NASDAQ SGMS traded up $0.59 during trading on Monday, hitting $20.76. The stock had a trading volume of 47,624 shares, compared to its average volume of 1,138,322. The company has a market capitalization of $1.88 billion, a PE ratio of -38.44 and a beta of 2.23. The company’s 50-day moving average price is $19.81 and its two-hundred day moving average price is $20.25. Scientific Games Corp has a 12 month low of $14.79 and a 12 month high of $29.95.

Scientific Games (NASDAQ:SGMS) last released its earnings results on Thursday, August 1st. The technology company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.11). The firm had revenue of $845.00 million during the quarter, compared to the consensus estimate of $859.67 million. Scientific Games had a negative net margin of 7.25% and a negative return on equity of 0.52%. Sell-side analysts expect that Scientific Games Corp will post -0.88 EPS for the current year.

In other news, Director Ronald O. Perelman bought 100,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $20.83 per share, for a total transaction of $2,083,000.00. Following the purchase, the director now owns 9,074 shares of the company’s stock, valued at approximately $189,011.42. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald O. Perelman bought 50,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was purchased at an average price of $20.42 per share, for a total transaction of $1,021,000.00. Following the purchase, the director now directly owns 9,074 shares in the company, valued at approximately $185,291.08. The disclosure for this purchase can be found here. Insiders acquired a total of 350,000 shares of company stock worth $7,643,000 in the last 90 days. Company insiders own 40.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Scientific Games by 8.1% during the 2nd quarter. BlackRock Inc. now owns 6,876,116 shares of the technology company’s stock worth $136,284,000 after purchasing an additional 515,519 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Scientific Games by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,265,728 shares of the technology company’s stock worth $104,368,000 after purchasing an additional 163,331 shares in the last quarter. Park West Asset Management LLC bought a new stake in shares of Scientific Games during the 2nd quarter worth approximately $29,973,000. Northern Trust Corp raised its stake in shares of Scientific Games by 0.7% during the 2nd quarter. Northern Trust Corp now owns 908,348 shares of the technology company’s stock worth $18,003,000 after purchasing an additional 6,718 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Scientific Games during the 2nd quarter worth approximately $17,576,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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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