Quinn Opportunity Partners LLC Buys Shares of 58,299 SciPlay Co. (NASDAQ:SCPL)

Quinn Opportunity Partners LLC bought a new stake in shares of SciPlay Co. (NASDAQ:SCPL – Get Rating) in the 4th quarter, HoldingsChannel reports. The fund bought 58,299 shares of the company’s stock, valued at approximately $803,000.

Other hedge funds have also added to or reduced their stakes in the company. Balyasny Asset Management LLC bought a new stake in SciPlay during the third quarter valued at $21,866,000. Berry Street Capital Management LLP bought a new stake in SciPlay during the fourth quarter valued at $3,445,000. Two Sigma Advisers LP boosted its holdings in shares of SciPlay by 18.2% during the third quarter. Two Sigma Advisers LP now owns 483,900 shares of the company’s stock valued at $10,012,000 after acquiring an additional 74,600 shares during the period. ETF Managers Group LLC boosted its holdings in shares of SciPlay by 11.2% during the fourth quarter. ETF Managers Group LLC now owns 111,990 shares of the company’s stock valued at $1,528,000 after acquiring an additional 11,276 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of SciPlay by 42.1% during the fourth quarter. Lazard Asset Management LLC now owns 3,186 shares of the company’s stock valued at $43,000 after acquiring an additional 944 shares during the period. Hedge funds and other institutional investors own 18.63% of the company’s stock.

Shares of NASDAQ:SCPL opened at $13.49 on Friday. The company’s fifty day moving average is $13.09 and its two-hundred day moving average is $13.56. SciPlay Co. has a 12-month low of $10.75 and a 12-month high of $22.29. The company has a market cap of $1.73 billion, a P/E ratio of 17.99 and a beta of 0.25.

SciPlay (NASDAQ:SCPL – Get Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.25 by $0.62. SciPlay had a net margin of 3.00% and a return on equity of 7.25%. The business had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $154.46 million. During the same period in the previous year, the company posted $0.18 EPS. Analysts expect that SciPlay Co. will post 0.95 EPS for the current year.

Several equities analysts have recently issued reports on SCPL shares. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price target on shares of SciPlay in a report on Tuesday, April 19th. DA Davidson raised shares of SciPlay from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, March 3rd. Truist Financial raised shares of SciPlay from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $15.00 in a report on Thursday, May 12th. HC Wainwright reduced their price objective on shares of SciPlay to $13.50 and set an “equal weight” rating for the company in a report on Tuesday, May 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of SciPlay from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, SciPlay currently has a consensus rating of “Hold” and an average target price of $17.44.

About SciPlay (Get Rating)

SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live.

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