Scientific Games Corp (SGMS) Trading Up 11.1% After Earnings Beat

Bruno Cirelli
Agosto 13, 2017

PA boosted its position in Scientific Games Corp by 17.7% in the fourth quarter. The value of the investment in SGMS increased from $2,747,000 to $3,243,000 a change of 18.1% quarter over quarter. Zacks Investment Research lowered Scientific Games Corp from a "buy" rating to a "hold" rating in a research report on Thursday, May 4th. BidaskClub lowered shares of Scientific Games Corp from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 5th. Stifel Nicolaus reiterated a "hold" rating and issued a $24.00 price target on shares of Scientific Games Corp in a report on Friday, July 14th. Finally, Telsey Advisory Group boosted their price target on shares of Scientific Games Corp from $20.00 to $24.00 and gave the stock a "market perform" rating in a research note on Friday, April 28th. The company's 50-day moving average price is $30.48 and its 200 day moving average price is $24.19.

"ILLEGAL ACTIVITY NOTICE: "$760.72 Million in Sales Expected for Scientific Games Corp (SGMS) This Quarter" was first reported by StockNewsTimes and is owned by of StockNewsTimes. Trading volume was down 7.53% under the stocks average daily volume. The company's market cap is $3.14 billion. The 50 day moving average went up by +15.29% and the 200 day average moved up $10.80. Scientific Games Corp has a 12-month low of $8.07 and a 12-month high of $39.25.

Scientific Games Corp (NASDAQ:SGMS) last issued its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.08. The firm had revenue of $766.30 million for the quarter, compared to the consensus estimate of $732.93 million. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.59) EPS. On average, equities research analysts expect that Scientific Games Corp will post ($2.27) EPS for the current year. ValuEngine upgraded Scientific Games Corp from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of global copyright & trademark laws. The correct version of this news story can be accessed at https://weekherald.com/2017/08/13/scientific-games-corp-nasdaqsgms-position-raised-by-bank-of-america-corp-de-updated-updated.html.

In related news, Director Michael Gavin Isaacs sold 68,036 shares of the firm's stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the completion of the sale, the director now directly owns 110,815 shares in the company, valued at approximately $4,305,162.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the company's stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total value of $82,120.50. Following the sale, the executive vice president now owns 186,363 shares of the company's stock, valued at approximately $6,921,521.82. The disclosure for this sale can be found here. Insiders have sold 192,850 shares of company stock worth $7,281,691 in the last three months.

Several other institutional investors have also recently made changes to their positions in the stock.

A number of institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Scientific Games Corp by 2.7% in the first quarter. Ameriprise Financial Inc owns 270,757 shares valued at $7,067,000. "Buys Shares of 5,087 Scientific Games Corp (NASDAQ:SGMS)" was first published by Chaffey Breeze and is the property of of Chaffey Breeze. Louisiana State Employees Retirement System now owns 20,800 shares of the technology company's stock valued at $492,000 after buying an additional 400 shares in the last quarter. Renaissance Technologies LLC increased its position in Scientific Games Corp by 152.3% in the second quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company's stock worth $139,918,000 after buying an additional 1,278,837 shares in the last quarter. Miles Capital Inc. raised its position in shares of Scientific Games Corp by 1.7% in the first quarter. BlackRock Inc. now owns 6,204,986 shares of the technology company's stock worth $161,950,000 after buying an additional 84,128 shares during the period. State Street Corp now owns 1,213,822 shares of the technology company's stock worth $28,705,000 after buying an additional 64,179 shares in the last quarter.

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. The Business's 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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